Update

16 Nov 2011 07:00

16 November 2011 iPoint-media plc ("iPoint" or "the Company") Update

The board advises that it does not believe that the Company will implement its investing policy prior to 14 December 2011 being the anniversary of the Company becoming an investing company pursuant to AIM Rule 15. Consequently, the board wishes to confirm that the Company's shares will be suspended from trading on AIM at 7:30 a.m. on Thursday 15 December 2011.

The directors will continue to pursue investment opportunities for the Company.

The Company will remain provisionally suspended for six months, following which, if it would remain the case that the Company fails to undertake a reverse takeover or otherwise implement its investment policy, it would be proposed to cancel the admission of the Company's shares.

Enquiries:iPoint Media Plc +972 3606 1600 Simon Marks Cairn Financial Advisers LLP +44 20 7148 7900 Liam Murray / Avi Robinson