Jet Multimédia is buying 100% of the capital of the Spanish group Mediafusion. This operation, valuating Mediafusion for E 37.8 Mln, is made in cash for E 26.3 Mln and in Jet Multimedia shares for E 11.5 Mln (corresponding to the creation of approximatively 715,000 news shares, this creation being submitted to the vote of an Extraordinary General Assembly having place February 21, 2005). To this amount could be added an earn-out, limited to E 17 Mln. This strategic operation is relutive for Jet Multimedia shareholders.

Mediafusion is a multi-channel voice, data, Internet, WAP, SMS & MMS server. Mediafusion is the leader on the Spanish market of BtoC and BtoB value added services for fixed & mobile telephony. In 2004, Mediafusion achieved approximatively E 55 Mln sales for approximatively E 5 Mln EBIT. The company, profitable, as known 100% average growth since 2000 and employs around 100 people in Madrid.

Mediafusion offers a wide range of products & services enabling to cover the needs of its clients for telecommunication and interactive online services (voice & data, fixed & mobile):

• Mobilité : SMS, WAP, MMS Premium
  - value added services for content providers and publishers
   (vote, chat, quizz, games, promotion, news...)
  - mobile personalization with in-house ans external content
   (logos, ringtones, pictures, games...)
  - marketing solutions with Push SMS

• Fixed telephony: Audiotex 80x et 902
  - BtoB : value aded services for businesses (customer service, helpdesk...)
  - BtoC : entertainment interactive telephony services

Mediafusion has many clients: Press groups (Editorial America Iberica, Vocento, Grupo Godo, Grupo Prisa, Grupo Zeta, Metro News - Grupo MTG, Edipresse Hymsa, Motorpress Iberica, G+J, CMXXI, Editorial Planeta, Editorial Cantabria...) TVs and radios (Tele 5, Antena 3, Telemadrid, Axn, Eurosport, Onda Cero, Cope, Europa FM, Kiss FM, Dance FM, Onda Joven, Cadena 100, Radio Popular, Hit Radio...) Internet companies (AOL, Wanadoo, Tiscali, Lycos, Msn, ABC, Universia, Meetic, Vanguardia Digital, Autopista Online, Ya.Com, Hispavista, El Correo Digital, Arrakis...) and companies from various sectors (Euskatel, British Telecom, Tele2, Carrefour, Alcampo, The Phone House, Expert, Altadis, Accenture, Hôtels Accor, Colt Telecom, TBWA...)

Manuel Cruz, C.E.O of Jet Multimedia, emphasizes this operation in the strategy of Jet Multimedia for the three next years: " Jet Multimedia, having already established a strong position on the French market, is now developing worldwide, by focusing on BtoC and mobile services. Indeed, there are now 900 million Internet users and 1.4 billion mobile users, which everyday are buying multimedia services and contents. strategy is very clear and our action is determined : Jet Multimedia should be a key player in Europe for creating, agregating, deliverign and promoting mass market online services, and our group has to develop worldwide to take advantage of the huge growth in North America ans Asia l'Asie. After this acquisition, Jet Multimedia is more international and leader in Europe, more focused on mass market and mobile business, a group more profitable with accelerated growth. In addition, with E 20 Mln net cash available after this acquisition and without any debt, we have the means of financing our organic growth and making new external growth operations when interesting opportunities will occur. "

For Christophe Cassand, General Manager of Mediafusion, " We joined the vision of Jet Multimedia managers who want, on the basis of a leading position in Europe, to build a major player on the world market for interactive online services. Technical, marketing and business synergies are important between Mediafusion and Jet Multimédia : our development model is the same, based on a multimedia server involved from the creation of the content to its delivery on every network, and especially mobile telephony and Internet. This model can be can be reproduced today in many countries, to sell interactive services and multimedia contents to a population of more than one billion consumers today, and two billion within 3 years. "

JET MULTIMÉDIA - www.jetmultimedia.com – The Online Value
Jet Multimédia is the European leader for interactive online services

For the mass market, Jet Multimedia creates, aggregates, delivers and promotes of contents and mobile WAP, I-mode, SMS and MMS services, Internet web sites as well as audiotex services. Established in France, Spain, Italy, Canada and Morocco, Jet Multimedia markets mobile content (ringtones, logos, videos, Java games) in more than 45 countries worldwide. Jet Multimedia is also partner of the biggest French, Spanish and Italian TVs and radios for their interactive services.
For large companies, administrations and organizations setting up strategic online services (E-business, multi-channel client relationship management, online administration...) Jet Multimedia provides value added hosting services for Internet (web site hosting, IP security platform management, e-mail outsourcing…) advanced telephony services (virtual call-centers, multi-channel contact centers, alerting platforms...) as well as marketing services using mobiles (SMS push) and fax.
Founded in 1989, Jet Multimedia is listed on Euronext Paris since 1996 (ISIN FR0000053456, Code JET, Reuters JTLG.PA, Bloomberg JET:FP), employs more than 550 people and achieved around E 200 million consolidated revenues in 2004.


 Pierre COL - Investor Relations
E-mail : pcol@jetmultimedia.com Tel : (33) 478 171 634