RNS Number:9603P
Campus Media PLC
19 September 2003



                  Campus Media plc ("Campus" or "the Company")

                                 Result of EGM


Further to the announcement on 26 August 2003 of a proposed placing of 2,699,995
new ordinary shares at 12p per share to raise approximately #324,000 (before
expenses), Campus today announces that at the EGM held this morning, all
resolutions were passed. Accordingly, 2,699,995 new ordinary shares have been
issued and allotted to the placees and application has been made for those
shares to be admitted to trading on AIM. Admission is expected to occur on 22
September 2003. For each placing share subscribed for, placees have also
received two warrants to subscribe for further new ordinary shares at 12p per
share between 22 September 2003 and 31 March 2004.

As part of the placing, #50,000 of a #300,000 loan owed to Campus by Channelfly
Plc, which currently holds 33 per cent. of the issued share capital of the
Company, has been capitalised as 416,667 new ordinary shares. Channelfly also
received two warrants in respect of each of these shares, exercise of which
would result in further capitalisation of amounts outstanding to it.

The net proceeds of the placing will be used by the Company to provide the Group
with sufficient short term working capital to fund further expansion and
development up until 31 December 2003 in accordance with the Group's strategy.
If the warrants are exercised in full, the proceeds from the exercise of the
warrants will be used by the Company to provide the Group with sufficient
working capital to continue this expansion for the foreseeable future, that is
for at least until twelve months after admission of the placing shares.



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