Cyber Media (India) Ltd., Board Meeting, Oct 23, 2009 Agenda: To consider and approve the unaudited financial results of the company, standalone and consolidated, for the quarter ended September 30, 2009.

Cyber Media (India) Ltd. announced that the members at the 27th Annual General Meeting (AGM) of the company held on September 08, 2009, have appointed M/s. Arun Dua & Co., Chartered Accountants, as Statutory Auditors of the company in place of retiring auditors M/s. N. K. Goel & Co., Chartered Accountants., who did not wish to seek re-appointment for the financial year 2009-10. The appointed auditors, M/s. Arun Dua & Co., have duly confirmed their eligibility in terms of Section 224(1B) of the Companies Act.

Cyber Media (India) Ltd. announced consolidated unaudited earnings results for the first quarter ended June 30, 2009. On consolidated basis, for the quarter, the company reported net sales of INR 218.96 million compared to INR 329.32 million for the same period a year ago. Loss from ordinary activities before tax was INR 35.65 million compared to profit from ordinary activities before tax of INR 7.89 million for the same period a year ago. Net loss from ordinary activities after tax was INR 23.57 million compared to net profit from ordinary activities after tax of INR 4.68 million for the same period a year ago. Net loss was INR 18.17 million compared to net profit of INR 3.41 million for the same period a year ago. Diluted loss per share before and after extraordinary items was INR 2.36 compared to diluted earnings per share of INR 0.43 for the same period a year ago. On standalone basis, the company reported net sales of INR 90.22 million compared to INR 148.67 million for the same period a year ago. Loss from ordinary activities before tax was INR 15.72 million compared to profit from ordinary activities before tax of INR 9.57 million for the same period a year ago. Net loss from ordinary activities after tax was INR 10.80 million compared to net profit from ordinary activities after tax of INR 5.82 million for the same period a year ago. Net loss was INR 10.80 million compared to net profit of INR 5.82 million for the same period a year ago. Diluted loss per share before and after extraordinary items was INR 1.08 compared to diluted earnings per share of INR 0.53 for the same period a year ago.