Director Shareholding

14 Jun 2005 15:37

SCHEDULE 11 NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS AVS NO: All relevant boxes should be completed in block capitals1. Name of company 2. Name of director 121 Media, Inc. Ahmet Can 3. Please state whether notification 4. Name of the registered holder(s) indicates that it is in respect of and, if more than one holder, the holding of the shareholder named in 2 number of shares held by each of them above or in respect of a non-beneficial (if notified) interest or in the case of an individual holder if it is a holding of that person's spouse or children under the age of 18 or in respect of a non-beneficial interest 5. Please state whether notification 6. Please state the nature of the relates to a person(s) connected with transaction. For PEP transactions the director named in 2 above and please indicate whether general/single identify the connected person(s) co PEP and if discretionary/non discretionary 7. Number of shares 8. Percentage of 9. Number of shares 10. Percentage of /amount of stock issued class /amount of stock issued class acquired disposed 11. Class of 12. Price per share 13. Date of 14. Date company security transaction informed 15. Total holding following this 16. Total percentage holding of issued notification class following this notification If a director has been granted options by the company please complete the following boxes. 17. Date of grant: 27 April 2005 18. Period during which or date on which exercisable The options vest as follows: for 50,000 options, 1/6th on 28 August 2005, then 1/36th per month until 28 February 2008. for the remaining 10,000 options, 1/6th on 27 October 2005, then 1/36th per month until 27 April 2008. Once they have vested, the options can then be exercised for a period of 10 years, ending on 27 April 2015. 19. Total amount paid (if any) for 20. Description of shares or debenturesgrant of the option: Nil involved: class, number Options over 60,000 common shares of $0.001 each 21. Exercise price (if fixed at time of 22. Total number of shares or grant) or indication that price is to debentures over which options held be fixed at time of exercise: 246.5p following this transaction 60,000 common shares of $0.001 each 23. Any additional information: None 24. Name of contact and telephone number for queries Bernard Sumner 020 7535 0447 25. Name and signature of authorised company official responsible for making this notification Bernard Sumner - Company Secretary Date of notification 14 June, 2005 END121 MEDIA INC