TIN Tinopolis

RNS Number:5952G
Tinopolis PLC
21 July 2006


Tinopolis sells interest in Splash Media Ltd to founders


Jane Lush and Fenia Vardanis, the founders and managing directors of Splash
Media Ltd are to acquire the 65% holding in Splash held by Tinopolis, the
company announced today.

Tinopolis acquired the holding following its takeover of The Television
Corporation in February 2006. TVCorp took a stake in the company when it was
originally set up by Jane and Fenia in December 2005. As a result of the sale,
Tinopolis will be released from its obligation to provide any further working
capital funding for Splash.

Ron Jones, executive chairman of Tinopolis, said:

"Following our acquisition of The Television Corporation we have decided to
concentrate on the core production brands: Mentorn, Sunset + Vine and Folio,
which will deliver long-term revenue visibility for the group, and we are
therefore selling our stake in Splash back to its founders. We will continue to
participate in programmes they have already developed, including a joint Splash/
Sunset + Vine project, and wish Jane and Fenia every success in the future."

Ends

Contact:

Mantra PR, Nick Bishop    020 7907 7800 / 07736 067190




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