YOO Yoomedia

RNS Number:1922D                
Yoomedia PLC
03 September 2007

                                  YooMedia PLC
                         ("YooMedia" or the "Company")

                                 Notice of EGM


The Company announces that a notice of an Extraordinary General Meeting ('EGM')
has been sent to shareholders on 24 August 2007 (the 'EGM Circular'). The EGM is
scheduled to take place on 19 September 2007 at 10:00 am at Northumberland
House, 155-157 Great Portland Street, London W1W 6QP.

On 8 August 2007 the Company announced that it had raised #500,000 by means of a
placing of 50,000,000 Ordinary Shares at the price of 1 pence each together with
the grant of a further 12,500,000 Warrants. The grant of the Warrants is subject
to the approval of Shareholders at the next extraordinary general meeting called
by the Company.

The purpose of this letter is to seek Shareholder approval to constitute the
Warrant Instrument and to increase the authorised share capital of the Company
and to authorise the Directors to issue and allot the maximum number of Ordinary
Shares for the purpose of the Warrant instrument, and in addition to seek the
approval of Shareholders to authorise the Directors to both allot Ordinary
Shares generally and to allot Ordinary Shares otherwise than on a pre-emptive
basis following the EGM.

At this EGM resolutions will be proposed to:

*    increase the issued share capital of the Company;

*    approve the entering into of the Warrant Instrument;

*    authorise the Directors to allot new Ordinary Shares pursuant to the 
     Warrant Instrument and otherwise up to an aggregate nominal amount of 
     #3,000,000; and

*    grant to the Directors authority to issue or allot further new Ordinary 
     Shares pursuant to Section 95 of the Act as if Section 89(1) of the Act did 
     not apply to such issue or allotments, such power being limited to the
     allotment of relevant securities pursuant to the Warrant Instrument, in
     connection with rights issues and other similar issues and otherwise up to 
     an aggregate nominal amount of #2,000,000.

Recommendations

The Directors believe that the Proposals are in the best interests of the
Company and its Shareholders as a whole and recommend you to vote in favour of
all of the Resolutions.

The Directors have irrevocably undertaken to vote in favour of all of the
Resolutions in respect of their own shareholdings amounting in aggregate to
56,149,949 Ordinary Shares, representing approximately 6.16 per cent. of the
Existing Issued Share Capital.

Copies of EGM Circular

Copies of the EGM Circular are available free of charge from YooMedia PLC,
Northumberland House, 155-157 Great Portland Street, London W1W 6QP.


ENDS

Contacts:
Michael Sinclair, Executive Chairman
Neil MacDonald, Group Managing Director
YooMedia plc
+44 (0) 20 7462 0870

Mark Percy
Seymour Pierce Limited
+44 (0) 20 7107 8000

Nicholas Nelson/Kathy Boate
Nexus Financial Ltd
Tel: 020 7451 7050
nicholas.nelson@nexusgroup.co.uk



                      This information is provided by RNS
            The company news service from the London Stock Exchange
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