London, December 18th, 2009 - Conexion Media Group Plc, the AIM listed music and media rights management company, announces that in accordance with the loan agreement between the Company and Polymer Holdings Ltd dated 22nd December 2008, Polymer wish to convert the first tranche of their loan to the Company, £275,000, into 18,333,333 new Ordinary Shares of 1 penny each at an exercise price of £0.015 per share.

Application has been made for the new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence at 8.00am on 29th December 2009.  Following the share issue, the Company's issued Ordinary Share Capital will increase to 78,392,551.  Polymer Holdings Ltd will then hold a total of 22,566,078 shares in the Company, representing 28.79% of the total issued Ordinary Share Capital.

For further information:

Conexion Media      
Justin Sherry, CEO        0208 987 4150 justin@conexion-media.com

FinnCap                            
Charles Cunningham/ Charlotte Stranner            0207 600 1658