Independent News & Media Regulatory News (INM)

Independent News & Media PLC ("INM" or "the Company")

Ticker: (Bloomberg) INM.ID/ INM.LN and (Reuters) INME.I/ INME.L

COMPLETION OF DISPOSAL OF INM(SA) AND OF FIRST STAGE RESTRUCTURING

Dublin/London 21 August 2013 Independent News & Media PLCannounces that its disposal of Independent News & Media (South Africa) has duly completed and, in accordance with the agreements entered into on 26 April, 2013 and 10 June, 2013, the net proceeds have been applied to repay existing senior debt.

On application of the net proceeds, the amendment and restatement of INM's remaining core debt facilities (including an extension of the maturity period of the facilities to 1 April, 2016 and amendments to the applicable interest terms) will become effective.

This completes the First Stage Restructuring as outlined in the circular to shareholders dated 24 May, 2013.

ENDS