MMX.L Regulatory News (MMX)

5 Dec 2008 13:30



For immediate release   

5 December 2008 

Hecta Media Inc

("Hecta Media" or "the Company")

Directors' Dealings

The Company announces that it has been informed that Bellone Investment Services Inc ("Bellone"), which is owned by a trust in which Director David Weill's non-adult children are interested,  has transferred, on 3 December 2008 at a price of 3.5p per ordinary share, 12,000,000 ordinary shares in the Company to Myriagon Special Situations Inc ("Myriagon"), a Cayman Island based investments fund, the consideration being shares in Myriagon. As a result, Myriagon now owns 22,000,000 ordinary shares representing 16.6 per cent. of the Company's issued share capital. The shares held by Myriagon are registered in the name of HSBC Global Custody Nominee (UK) Limited.

As a result, David Weill's interests remain in 500,000 ordinary shares held by Bellone representing 0.3%per cent. of the Company's issued share capital. Neither David nor his family have a disclosable interest in respect of the shares held by Myriagon.

ENDS

Further Information:

Hecta Media Inc

Clark Landry (CEO) Tel: + 1 310 570 3820

Beaumont Cornish Limited

Roland Cornish Tel +44 (0) 20 7628 3396

gth media relations

Toby Hall /Christian Pickel Tel: +44 (0) 20 7153 8039/8036

Or visit the group's website at www.hectamedia.com