Motive Television Plc Regulatory News (MTV)

Motive Television PLC

("Motive", the "Company" or "the Group")

Settlement with Andre Vanyi-Robin

Further to the announcement on 4 December 2012, the Company is pleased to announce that it has reached a full and final settlement ("Agreement") of all claims made by Andre Vanyi-Robin against the Company including those which related to his dismissal for gross misconduct. The settlement of the High Court litigation is subject only to the approval of the High Court.

Under the terms of the Agreement, Motive will issue 100,000,000 ordinary shares of 0.01 pence each in the capital of the Company to Mr Vanyi-Robin upon the Consent Order being approved and sealed by the Court. These shares will be subject to a soft lock-in arrangement for 12 months in order to preserve an orderly market.

In addition, Motive has also agreed to pay to Mr Vanyi-Robin earn-out commissions as set out in the SPA dated 17 September 2010, totalling £41,583.62 for the years 2011 and 2012, to be satisfied by the issue of new shares (subject to a soft lock-in as above) or in cash at the Company's discretion upon the Consent Order being approved and sealed by the Court. Thereafter to be satisfied in cash as they fall due.

Also, under the terms of the Agreement, each party will bear its own legal costs incurred to date and waive any rights in relation to any costs orders already made and undertake not to seek costs against any other party (or, in the case of Mr Vanyi-Robin, against any Associate of Motive) in respect of any claim.

The Executive Chairman of Motive, Michael Pilsworth, said:

"I am glad that this matter has been settled between the parties and wish Mr Vanyi-Robin every success in his next business venture."

Mr Andre Vanyi-Robin commented: "I am pleased we have reached this settlement amicably. Motive is a fantastic business and I look forward to watching its progress in 2013 and beyond."