11:15     CLEAR MEDIA<00100> - Unusual volume movement                        

    The Stock Exchange has received a message from Clear Media Limited which  
    is reproduced as follows:-                                                
                                                                              
    "This statement is made at the request of The Stock Exchange of Hong Kong 
    Limited.                                                                  
                                                                              
    We have noted the recent increases in the trading volume of listed shares 
    ("Shares") of Clear Media Limited (the "Company") on 29 April 2005. We    
    have been informed by our controlling shareholder, Clear Channel KNR Neth 
    Antilles NV ("Clear Channel"), that on 29 April 2005 it purchased from the
    market a total of 7,500,000 Shares at an average price of HK$6.9933 per   
    Share.                                                                    
                                                                              
    After the purchase, Clear Channel's shareholding interest in the Company  
    has increased from 48.40% to 49.90%.                                      
                                                                              
    Other than as set out above, we are not aware of any reason for the       
    increase in trading volume of the Shares of the Company on 29 April 2005. 
                                                                              
    We also confirm that there are no negotiations or agreements relating to  
    intended acquisitions or realisations which are discloseable under rule   
    13.23, neither is the Board aware of any matter discloseable under the    
    general obligation imposed by rule 13.09, which is or may be of a price   
    sensitive nature.                                                         
                                                                              
    Made by the order of the Company the Board of the Directors of which      
    individually and jointly accept responsibility for the accuracy of this   
    statement.                                                                
                                                                              
    By order of the Board                                                     
                                                                              
    Steven Yung                                                               
    Executive Director                                                        
                                                                              
    Hong Kong, 3 May 2005                                                     
                                                                              
    As at the date of this announcement, the executive directors of the       
    Company are Mr Steven Yung, Mr Han Zi Jing, Mr Teo Hong Kiong and Mr Zou  
    Nan Feng; the non-executive directors are Mr Peter Cosgrove, Mr Mark Mays,
    Mr Roger Parry, Mr Jonathan Bevan, Mr Han Zi Dian, Ms Lenna Chin (        
    alternate to Mr Mark Mays), Mr Zhang Huai Jun (alternate to Mr Roger      
    Parry); and the independent non-executive directors are Mr Desmond Murray,
    Mr Wang Shou Zhi and Ms Leonie Ki Man Fung."