RHM.L Regulatory News (RHM)

26 October 2010

RedHot Media International Limited

("RedHot" or the "Company")

Posting of Circular and notice of General Meeting

RedHot announces that it yesterday posted a circular to its shareholders (the "Circular") including notice of a general meeting which is to be convened at Block E-01-3 Plaza Kelana Jaya, Jalan SS 7/13, 47301 Petaling Jaya, Selangor Darul Ehsan, Malaysia on 10 November 2010 at 16:00 Malaysia time 09:00 UK time (the "General Meeting"). The sole resolution to be proposed at the General Meeting is the proposed grant to the Directors of authority to issue further ordinary shares of US$ 0.10 each in the Company for cash, otherwise than pro rata to existing shareholders (the "Resolution").

At the Annual General Meeting of the Company held on 10 August 2010, the Company did not seek shareholder approval to put in place authorities under its articles of association and the Companies Law of the Cayman Islands to allot new Ordinary Shares for cash.

However in order to give the Company the optimum financial flexibility to take advantage of opportunities that may arise, in particular potential acquisition opportunities, the Company is seeking shareholder approval to increase the number of shares that it is able to issue for cash otherwise than pro rata to existing shareholders.

Accordingly, notice is being given of a General Meeting to be held on 10 November 2010 and at which the Resolution will be proposed as an ordinary resolution to authorise the Directors to allot Ordinary Shares for cash, or otherwise than cash, at any time and upon such terms and conditions and for such purposes as the Directors may, in their absolute discretion, deem fit.

The Circular will be available shortly on the Company's website at www.redhot.asia in accordance with rule 26 of the AIM Rules for Companies.

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