Acquisition of Melbourne radio licence

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Thursday 12 August 2004

DMG Radio Australia ['DMG'], wholly owned by DMGT, has successfully bid for the Melbourne FM radio licence auctioned today by the Australian Government. The purchase price was A$52 million (£20 million), of which 10% has been paid in cash today and the balance will be payable in 45 days.

The new station is likely to be launched next year, using the infrastructure of
DMG's existing Melbourne station, Nova 100. This follows DMG's successful bid
for a second Sydney licence in April this year.

This auction covered the last in a series of metropolitan radio licences
released by the Australian Government. No more licences are expected to be
released for at least five years.

Enquiries:
Peter Williams, FD, Daily Mail and General Trust plc 020-7938-6631
Kingsley Hall, CFO, DMG Radio Australia 00-618-415-5240
Daily Mail and General Trust plc
Northcliffe House, 2 Derry Street,
London, W8 5TT
Tel 020 7938 6000
Fax 020 7938 4626
www.dmgt.co.uk
Registered in England and Wales No. 184594