RNS Number:3857T
Virtue Broadcasting PLC
17 December 2003



Virtue Broadcasting Plc

17 December 2003

Agreement


Virtue Broadcasting Plc ("the Company") today announces that it has reached a
compromise agreement with the liquidators of Tornado Entertainment Limited ("TEL
"), its former subsidiary, regarding a claim made by the Company over a #200,000
bank deposit account held by TEL.



Danske Bank A/S has agreed to release TEL from a fixed charge over a deposit
supporting  a #200,000 loan outstanding to one of the Company's subsidiaries and
TEL  has agreed to pay #100,000 to the Company.



As a result, an exceptional income of #100,000 will be recorded in the profit
and loss account of the Company for the year ending 31 December 2003.





For more information contact:



James Ormondroyd, Finance Director

Tel: +44 (0) 20 7785 6000

Email: investorrelations@virtuebroadcasting.com





ENDS


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