Independent News & Media Regulatory News (INM)

1

Name of the Issuer

Independent News & Media PLC

2

State whether the notification relates to:

(i)  a transaction notified in accordance with Market Abuse Rules; 

(ii)  a disclosure made in accordance with section 53 (as extended by section 64 of the Companies Act 1990) or entered into the issuer's register in accordance with section 59 of the Companies Act 1990; or

(iii) both (i) and (ii).

(iii)

3

Name of person discharging managerial responsibilities/director

(a) Dr. IE Kenny

(b) Sir Anthony O'Reilly

(c) Mr. GK O'Reilly

(d) Mr. T O'Reilly Jr

4

State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

5

Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest

Directors referred to in number 3 above

6

Description of shares (including class) debentures or derivatives or financial instruments relating to shares

Ordinary Shares

7

Name of registered shareholder(s) and, if more than one, number of shares held by each of them

(a) Dr. IE Kenny

(b) Indexia Holdings Ltd (200,593,082) and 

Cartson Holdings Ltd (31,097,948)

(c) Mr. GK O'Reilly

(d) Mr. T O'Reilly Jr

8

State the nature of the transaction

Receipt of Scrip Shares in lieu of cash dividend

9

Number of shares, debentures or financial instruments relating to shares acquired

(a) 2,452

(b) 3,250,000

(c) 37,002

(d) 2,000

10

Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

(b) 0.4%

11

Number of shares, debentures or financial instruments relating to shares disposed

12

Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)

13

Price per share or value of transaction

€1.94 each

14

Date and place of transaction

13 June 2008, Dublin

15

Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

(a) 78,288

(b) 234,941,030 (28.0%)

(c) 1,019,824 (0.1%)

(d) 322,000 (0.04%)

16

Date issuer informed of transaction

13 June 2008

17

Date of grant

18

Period during which or date on which it can be exercised

19

Total amount paid (if any) for grant of the option

20

Description of shares or debentures involved (class and number)

21

Exercise price (if fixed at time of grant) or indication that the price is to be fixed at the time of exercise

22

Total number of shares or debentures over which options are held following notification

23

Any additional information

Indexia Holdings Ltd and Cartson Holdings Ltd are owned by Sir Anthony O'Reilly. Total directors' holdings are 29.48%.

24

Name of contact and telephone number for queries

Andrew Donagher

+353 1 466 3200

Name and signature of duly designated officer of issuer responsible for making notification

Andrew Donagher, Company Secretary

Date of notification: 13 June 2008