HI-MEDIA : GROUP TO LAUNCH A SHARE BUY-BACK PROGRAM

Press release

Paris, January 30, 2012

HI-MEDIA GROUP TO LAUNCH A SHARE BUY-BACK PROGRAM

Paris, January 30, 2012 - Online media group Hi-Media (Code ISIN FR0000075988

- HIM, HIM.FR), the European leader in monetizing the Internet audience, today announces today the launch of a share buy-back program.

Hi-Media Group is going to start today a share buy-back program apart from its current liquidity contract. This program is within the frame of the authorization granted by the Shareholder General Assembly in May 3, 2011 and within the dedicated execution frame of this program decided by the Board of Directors in September 7, 2011.

This press release does not constitute an offer to sell, or a solicitation of an offer to buy Hi-Media shares. If you wish to obtain further information about Hi-Media, please refer to our website http://www.hi-media.comunder the Corporate Information heading.
This press release may contain some forward-looking statements. Although Hi-Media considers that these statements are based on reasonable hypotheses at the date of publication of this release, they are by their nature subject to risks and uncertainties which could cause actual results to differ materially from those indicated or projected in these statements. Hi-Media operates in a continually changing environment and new risks emerge continually. Hi-Media does not undertake and expressly disclaims any obligation to update or revise any of these forward-looking statements, whether to reflect new information, future events or circumstances or otherwise.

About Hi-Media Group

Hi-Media, the online media group, is one of the top Internet publishers in the world. Its business model relies thus on two different revenue streams: online advertising via its dedicated ad network Hi-Media Advertising and online content monetization via Hi-Media Payments. The group, which operates in 9 European countries, the USA and Brazil, employs more than 500 people and in 2011 posted over 230 million euros in sales. Independent since its creation in 1996, the company is listed since 2000 on the Euronext Eurolist Paris (Eurolist C) and is included in the CAC Small and CAC All-Tradable indices. ISIN code: FR0000075988. Hi-Media qualifies for FCPI as it received the OSEO label of "innovating company".
Website: www.hi-media.comVisit our blog: http://blog.hi-media.com/

Financial communication

Full year 2011 results: Thursday, March 22, 2012, before market opening.

Press Contacts: Hopscotch Aurélie Horner

Phone: [phone]
E-mail: [e-mail]
Edwige Druon
Phone: [phone]
E-mail: [e-mail]

Investor Contacts: Cyril Zimmermann Chief Executive Officer

Gabriel de Montessus Chief Financial Officer Phone: [phone]

Fax: [phone]
E-mail: [e-mail]
Website: www.hi-media.com
E-mail: [e-mail]