Kyiv, January 17,  2008 – U.A. Inter Media Group Limited has contracted  the investment bank Dragon Capital for consulting services of media group's preparation for its initial public offering (IPO) on one of the leading world stock exchanges.

Within the framework of the planned project expected is the modernization of the administrative and financial accounting systems, carrying out the audit based on international standards of accounting reporting as well as a preparation of the preliminary documentation for the public placing.

The contract conclusion is considered as the next step on the way to the IPO, as was previously declared by the main shareholder of the U.A. Inter Media Group Limited.

U.A. Inter Media Group Limited (www.uaimg.com) was established in 2005. The Group owns 61 percent of "Ukrainian Independent Television Corporation" (TV channel "Inter"), 90 percent of "Kino-TV" (TV channel "Enter Film"), 90 percent of "Muzyka-TV" (TV channel "Enter Music"), TV channels "K1", "K2", "Megasport", 60 percent of TV channel "NTN" and other media assets.
 
Dragon Capital (www.dragon-capital.ua) is Ukraine's largest investment firm, offering a comprehensive range of brokerage and investment banking services. Established in 2000, the company is controlled by its management, with a small minority stake held by Goldman Sachs.
 
Dragon Capital is the largest broker on the Ukrainian stock market. The firm has completed around 20 IPOs and private placements for Ukrainian companies since 2005, raising more than $1bn. In 2002 and 2004-07 the magazine "Euromoney" has declared Dragon Capital as the "Best investment firm of Ukraine".

For more information please contact:
U.A. Inter Media Group Limited
Alexander Kirilkin
Corporate Communications Manager
Phone: +380-44-486-5186
Contact through a web-form
www.uaimg.com