news

OTC ANNOUNCEMENT

15:30 3/09/2009

Total Sports Online AS ("TSO") wishes to inform its shareholders about the status of the exchange offer.

By way of background, the Annual General Meeting on 30 June 2009 authorized the Board to submit an offer to all shareholders, where the shareholders were given a choice between (a) NOK 0.05 in cash or (b) one share in FAST Web Media Ltd in exchange for one share in TSO. The result of the exchange offer is that shareholders holding a total of 53,313,717 shares in TSO have agreed to receive shares in Fast Web Media Ltd, while shareholders holding a total of 4,684,548 shares in TSO have agreed to receive cash.

While the exact date of settlement is not clear due to certain UK registration requirements, the Board of TSO expects that settlement will take place in or around week 38, which commences on Monday 14 September 2009.