SWD Sportsworld

RNS Number:3549G
Sportsworld Media Group PLC
29 February 2000

Sportsworld Media Group plc ("Sportsworld")

Additional listing

Sportsworld will today apply to the London Stock Exchange for the listing of
49,475 new ordinary shares in Sportsworld. These shares are to be issued in
part consideration for the acquisition of 70 per cent. of the issued share
capital of TJ Sports Inc. ("TJ Sports") and the entire issued share capital of
TJS Acquisition, Inc. ("TJS Acquisition"), an associated company, from Jason
Charles and others.

TJ Sports is a sports television production and distribution company based in
Los Angeles and TJS Acquisition owns certain complementary programming rights.


The initial consideration for the acquisition is approximately US$900,000
(approximately #562,500) which is to be satisfied as to US$450,000 by the
issue of 49,475 new ordinary shares in Sportsworld and as to the balance in
cash. Deferred consideration may become payable to Jason Charles depending
upon the annualised average net profits of TJ Sports for each of the 5 years
ending 30 June 2005. Any deferred consideration would be paid partly in shares
and partly in cash. 

Sportsworld has a call option and Jason Charles has a put option over the
remaining 30 per cent. of the shares in TJ Sports, exercisable after the
expiry of the deferred consideration period.  The consideration payable on
exercise of the put or call option will depend upon the annualised average net
profits of TJ Sports. The maximum total consideration payable (save in the
event of Sportsworld choosing to exercise its call option) is capped at #70
million, although the directors of Sportsworld do not believe that such amount
will become payable on exercise of either the put or the call option.

END


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