Acquisition

RNS Number:2912R
Media Square PLC
24 October 2003

Media Square Plc ("Media Square" and the "Company")

24 October 2003


             Acquisition of the ongoing business and certain assets of
                              PrePrint Imaging Limited

Media Square, the AIM-listed marketing communications and marketing services
group, has today acquired the ongoing business and certain assets of PrePrint
Imaging Limited ("PrePrint"), the Leeds-based retail marketing services
business.  PrePrint provides marketing services support, encompassing the
production of catalogues, brochures, point of sale materials and flyers for
major high street and home shopping retailers.  The acquisition is Media
Square's sixth deal this year and significantly enhances the Company's offering
in the retail marketing sector.

The acquisition of the ongoing business and certain assets of PrePrint follows
the appointment of an administrative receiver to PrePrint on 23 October 2003.
Media Square has made an initial cash payment of #115,000 and the Directors
anticipate that the total cost of the transaction and subsequent restructuring
of PrePrint will not exceed #500,000.

During its most recent financial period, PrePrint had sales of #4.6 million and
gross profit (revenue) of #3.6 million.  Its clients include GUS Home Shopping,
Shop Direct Group, My Travel, Redcats, Simon Jersey and Vertbaudet.  The company
employs approximately 76 people.

Once the acquisition is completed, the business will be incorporated within
Media Square's Retail Marketing Group and will be integrated with Fourninety
Limited, the retail marketing services business which Media Square acquired in
January.

The acquisition provides an excellent fit with the strategy announced by Media
Square during its recent fundraising.  Part of the proceeds of this fundraising
have been used to finance the acquisition.

Speaking about the acquisition, Kevin Steeds, chairman of Media Square, said:

"This is an excellent acquisition for Media Square.  The deal more than doubles
Media Square's offering in the retail marketing services sector and brings a
high quality, very capable team of professionals into our group.

"We plan to merge the business into our Retail Marketing Group and integrate it
with Fourninety, our retail marketing services business, within the next three
months."

More information:

Jeremy Middleton                      Tel: [phone]
Media Square Plc

Justine Howarth                       Tel. [phone]
Parkgreen Communications              E-mail: [e-mail]

Philip Johnson                        Tel: [phone]
Brown, Shipley & Co. Limited

Editors' notes:


-   Following this transaction Media Square will increase in size by around 40 per cent.  The enlarged
    company will have annualised sales approaching #16 million, annual revenues (gross profit) of
    approximately #10 million.

-   Media Square was listed on AIM in the Autumn of 2000.  The present board of directors took control
    of the Company in October 2002 and have substantially restructured the business, turning it from a
    heavy loss-making position to profit within nine months.

-   Media Square is now one of the fastest growing AIM-listed marketing communications businesses and
    has more than trebled its size during its current financial period.

-   On completion of this acquisition, the Company will employ more than 190 people and have operating
    companies in London, Manchester, Leeds and Oxford.  The Company has more than 200 clients
    including: Argos Retail Group, Homebase, AXA Insurance, Littlewoods, Staples Retail, Shop Direct
    Group (formerly GUS Home Shopping), Associated Newspapers, Youngs Brewery, Halifax Bank of
    Scotland, Eton Hotels Group, Durex, Hugo Boss Fragrances, Marks & Spencer and ICI Dulux.

-   The Company's business is focused on two core areas:
        Integrated Marketing Communications - which includes advertising, brand consultancy, direct
        marketing, e-marketing, internal communications, press & public relations, and
        Retail Marketing - where the Company provides true end-to-end marketing solutions for high
        street and home shopping retailers.

-   Media Square's web site can be found at: www.mediasquare.co.uk






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