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OTC Announcement

9:39 30/09/2009

Total Sports Online AS ("TSO") hereby provides the following update on the group restructuring. Settlement of the exchange offer has taken place as set out in TSO's OTC announcement on 25 September 2009. TSO will now proceed with the cancellation of the own shares acquired in the share buyback through a share capital reduction. Following such reduction, TSO will be dissolved. Such corporate actions will be consummated following creditor notification periods as required under Norwegian law. In order for TSO to maintain the statutory minimum required share capital until its dissolution and thereby to facilitate the completion of the group restructuring, Fast Web Media Ltd has subscribed for 2 million shares in TSO for an aggregate subscription price of NOK 100,000 (representing the statutory minimum required share capital in a limited liability company). By reason of the above, TSO will now take steps to de-register its shares from the OTC and the VPS."