IPH Interactve Pros (See LSE:DXR)

    RNS Number : 6978G
  Interactive Prospect TargetingHdgs
  27 October 2008
   

 Press Release   27 October 2008


    Interactive Prospect Targeting Holdings Plc
    ("IPTH")

    Amendment to the terms of IPTH's existing bank loan

    Interactive Prospect Targeting Holdings Plc (AIM:IPT) announces that, further to its announcement on 29 September 2008, it has now
entered into agreements that amend the terms of IPTH Group's existing secured loan of EUR6.5 million with Barclays Bank PLC (the "Bank").  

    A summary of the new arrangements, as previously announced, is set out below.

 The loan is to be repaid in four equal instalments from October 2009 to April
 2011.  
 * A re-scheduling fee of 10 per cent. of the loan is to be added to the
 principal loan and is payable in October 2011.
 * The loan and re-scheduling fee incur an interest rate of 5% over Euro
 Libor, reducing to 2.5 per cent. over Euro Libor once EUR3.25 million
 principal has been repaid.
 * A penalty will be incurred if EUR3,250,000 principal is not repaid by 31
 March 2009. The penalty will be calculated as 10 per cent. of the sum of
 EUR3,250,000 less principal payments to 31 March 2009. Any penalty arising
 would be added to the principal and payable in October 2011.  
 * The Bank will receive warrants to subscribe at par up to a maximum of 3
 million shares in IPTH. These are exercisable at any time before 31 March
 2012.  
 * There is a prohibition on payment of dividends by IPTH until the loan is
 repaid in full.

    The loan continues to be secured and to be repayable in the event of a change of control.
    -Ends-

    For further information:
 IPTH 
 Nicholas Ward, Executive Chairman  Tel: +44 (0) 20 7932 4912

 Canaccord Adams
 Mark Williams / Eli Colby, Corporate Finance  Tel: +44 (0) 20 7050 6500
 eli.colby@canaccordadams.com                     www.canaccordadams.com

    Media enquiries:
 Abchurch
 Charlie Jack / Jack Ballantyne      Tel: +44 (0) 20 7398 7714
 jack.ballantyne@abchurch-group.com     www.abchurch-group.com



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