ASIA MEDIA GROUP BERHAD (“COMPANY”)

Update on the announcement dated 11 March 2011 in relation to a potential acquisition

Further to the Company’s announcement dated 11 March 2011 to clarify on the Company’s potential acquisition of a company based in Singapore which has secured the broadcasting licence in Singapore (“Potential Acquisition”), the Company wishes to update that after several months of negotiation, the Company is unable to agree on the terms of the Potential Acquisition and as such it has decided not to proceed with the Potential Acquisition.

The Company will continue to expand the Digital Live Transit-TV Broadcasting business in Malaysia and to explore other overseas expansion opportunities.

This announcement is dated 9 May 2011.

Source : http://www.klse.com.my/website/bm/listed_c...ments/index.jsp