News releases

ITV sells stake in Arsenal Broadband

ITV plc today announced it has completed the sale of its 50% share in Arsenal Broadband Limited to KSE UK, Inc, a vehicle controlled by Stan Kroenke, for a total consideration of £22.7m.

The total received by ITV from KSE for its interests in Arsenal is £65m.

The sale of this stake brings to a conclusion ITV plc’s football asset disposal programme. Since February 2007 ITV plc has also successfully completed the sale of its shareholding in Liverpool Football Club and Athletic Grounds Plc for £17.4m; the sale of its stake in MUTV for £3.3m; and the sale of its stake in Liverpoolfc.tv for £15.75m.

ITV plc has now raised over £620m through the disposal of non-core assets since the merger of Granada and Carlton in 2004.

Tom Betts, Commercial and Acquisitions Director, ITV plc, said:

“This completes the sale of our football assets which has seen us successfully raise £101 million in just over a year.

“We would like to wish Arsenal.com and KSE UK, Inc the very best for the future.”

Notes to editors

For further enquiries please contact:

ITV plc
Tel: 0844 8818000

Press enquiries
Ruth Settle

Investor enquiries
Pippa Strong – Head of Investor Relations

Tulchan Communications
Tel: 0207 353 4200
Andrew Grant
Susannah Voyle
Lizzie Morgan

Website: www.itv.com; investor information: www.itvplc.com

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