08:24     MEDIANATION<08160> - Announcement                                   

                                                                              
    The Stock Exchange of Hong Kong Limited takes no responsibility for       
    the contents of this announcement, makes no representation as to its      
    accuracy or completeness and expressly disclaims any liability            
    whatsoever for any loss howsoever arising from or in reliance upon        
    the whole or any part of the contents of this announcement.               
                                                                              
    JCDecaux Pearl & Dean Ltd                                                 
    (incorporated in Hong Kong with limited liability)                        
                                                                              
    MediaNation Inc.                                                          
    (incorporated in the Cayman Islands with limited liability)               
    (Stock Code: 8160)                                                        
                                                                              
    Financial adviser to the Offeror                                          
    CLSA                                                                      
                                                                              
    Financial adviser to the Company                                          
    ANGLO CHINESE CORPORATE FINANCE, LIMITED                                  
                                                                              
    JOINT ANNOUNCEMENT                                                        
                                                                              
    EXTENSION OF TIME FOR FULFILMENT OF                                       
    CONDITION UNDER THE AGREEMENT                                             
                                                                              
    Reference is made to the joint announcement dated 24 March 2005           
    (`Announcement') issued by the Company and the Offeror in relation to     
    the possible mandatory cash offer by CLSA Limited on behalf of the        
    Offeror to acquire all the issued shares in the Company other than        
    those already owned or agreed to be acquired by the Offeror.              
                                                                              
    Pursuant to an extension letter made between the Vendors and the          
    Offeror on 15 April 2005, the date for fulfilling the condition set       
    out in the Agreement and the final date of the exclusivity period as      
    mentioned in the Announcement have been extended from 15 April 2005       
    to 22 April 2005.                                                         
                                                                              
    Shareholders and prospective investors should exercise extreme            
    caution in dealing in the Shares.                                         
                                                                              
    By Order of                                                               
    the Board of Directors                                                    
    JCDecaux Pearl & Dean Ltd                                                 
    Jean-Michel Geffroy                                                       
    Director                                                                  
                                                                              
    By Order of                                                               
    the Board of Directors                                                    
    MediaNation Inc.                                                          
    Sun Qiang, Chang                                                          
    Chairman                                                                  
                                                                              
    Hong Kong, 15 April 2005                                                  
                                                                              
    The directors of the Offeror jointly and severally accept full            
    responsibility for the accuracy of information (other than that           
    relating to the Group) contained in this announcement and confirm,        
    having made all reasonable inquiries, that to the best of their           
    knowledge, opinions expressed in this announcement have been arrived      
    at after due and careful consideration and that there are no other        
    facts not contained in this announcement, the omission of which would     
    make any statement in this announcement misleading.                       
                                                                              
    The directors of the Company jointly and severally accept full            
    responsibility for the accuracy of the information relating to the        
    Group contained in this announcement and confirm, having made all         
    reasonable inquiries, that to the best of their knowledge, opinions       
    expressed in this announcement have been arrived at after due and         
    careful consideration and there are no other facts not contained in       
    this announcement, the omission of which would make any statement in      
    this announcement misleading.                                             
                                                                              
    As at the date of this announcement, the board of the Company             
    comprises:                                                                
                                                                              
    Executive Director                                                        
    Mr. Chu Chung Hong, Francis                                               
    Non-Executive Directors                                                   
    Mr. Sun Qiang, Chang                                                      
    Mr. Cheung Leung Hong, Cliff                                              
    Ms. Ho Ming Yee                                                           
    Mr. Cheng Cheung Lun, Julian                                              
    Independent Non-Executive Directors                                       
    Mr. Schoter, Johannes                                                     
    Mr. Barry John Buttifant                                                  
    Mr. Duck Young Song                                                       
                                                                              
    The above announcement is a summary only. For the full version of         
    this announcement, please refer to the `Latest Company Announcements'     
    page on the GEM website at www.hkgem.com.