DMG Dori Media

    


DORI MEDIA GROUP



  Dori Media Acquires a 50% Stake in Central Park Productions S.A. and its T.V.
                  Production Studios in Buenos Aires, Argentina

Dori Media Group ("DMG" or "the Company"), the international media company
active in the field of television, with a focus on production, distribution,
broadcasting and merchandising of Telenovela, announces today that Dori Media
International GmbH, a fully owned subsidiary of DMG, has finalized an agreement
to acquire, for the sum of US$1.1 million in cash, a 50% stake in Central Park
Productions S.A. ("CPP"), an Argentinean T.V. production company specializing in
TV productions and providing production services, who has owned production
facilities and TV studios in Buenos Aires, Argentina, since 1997. CPP has USD
3.1 .million of debt giving the company an enterprise value of USD5.3 million.
DMG has also provided a loan to CPP for approximately US$1.8 million which
decreases CPP's current liabilities to US$1.3 million; this loan may be off-set
against future productions filmed at CPP's studios for Dori Media Contenidos
S.A. ("DMC"), DMI's wholly owned Argentinean production house.

Celina Amadeo, who will be appointed as CEO of Central Park Productions and as
Vice President of Production at DMC, holds the remaining 50% stake of CPP. Mrs.
Amadeo has an extensive background in T.V. production Owning Studios Sonotex
(1990-2000) in Buenos Aires and having produced around 50 Telenovelas, including
hits such as "Chiquititas", "Perla Negra" and "El Refugio".

Incorporated in 1997, Central Park Productions has produced more than 30 of its
own Telenovelas and has assisted many other production houses with their
productions, including several for DMG. CPP has 3 production studios that cover
a combined area of approximately 2,000 square meters and approximately 500
square meters of offices. The studios are fully equipped and have the capability
to film outdoors, on location. The acquisition of this 50% stake in Central Park
Productions gives Dori Media Contenidos S.A. guaranteed access to, and
production time at the studios. DMG has previously used the studios to shoot
hits such as "El Refugio" and "Collar de Esmeralda"

Central Park Productions is currently servicing DMG in its new worldwide hit
production, "LaLola" (based on the original idea of Sebastian Ortega,
Underground Productions) and the production of "Patito Feo" which is produced by
Ideas del Sur from Argentina and the Mexican media giant Televisa (DMG owns the
rights to and distributes "Patito Feo" worldwide except to the American
continent, Spain Andorra, Italy, Greece and Portugal).

Nadav Palti, President and CEO of DMG, commented: "We are delighted at having
completed this deal which will provide Dori Media with guaranteed production
time at these very important and extremely busy studios. In addition to this,
not only will Dori Media benefit from the obvious synergies and cost savings
generated by filming at what will be our own studios, this acquisition is also
very much part of our strategy to strengthen our production arm in Latin America
to make us one of the major production houses in the region."

For further information on Dori Media Group, please visit our website on
www.dorimedia.com or contact:

Dori Media Group Ltd.                    Shared Value Limited
Nadav Palti, CEO & President             Nicolas Duperrier,
Tel: +972 3 7684000 / +972 54 4236828    Investor & Media relations
info@dorimedia.com                       Tel. +44 (0) 20 7321 5010
                                         dmg@sharedvalue.net

Daniel Stewart & Company Plc
Lindsay Mair
Nominated Adviser and Broker
Tel: +44 (0) 20 7776 6550

Dori Media Group is an international entertainment group active in the
production, distribution and broadcasting of Telenovela. The group owns and
sells high-loyalty TV content and branded merchandise attracting a wide variety
of audiences in over 45 countries. In Israel, Dori Media Group owns and operates
the 'Viva' dedicated TV channels and 'Darset Productions Ltd' production
company. Dori Media Group also operates the 'Televiva Vision 2' TV channel in
Indonesia. Dori Media Group is controlled by Mapal Communications Ltd, one of
Israel's largest communications company. Dori Media Group is publicly traded on
the AIM Market of the London Stock Exchange. The Company's ticker symbol is
"DMG".

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