HI-MEDIA : HI-MEDIA :46 MILLION EUROS IN SALES IN THE FIRST QUARTER

     HI-MEDIA : HI-MEDIA :46 MILLION EUROS IN SALES IN THE FIRST QUARTER

  oReturn to growth in advertising
    
  oSuccess in video and mobile sales, ad-exchange and special operations
    
  oChange in the payment activity in line with anticipations, with a return
    to growth expected in the second semester
    
  oConfirmation of the activity growth objective for the full year 2013



Paris,  April  23,  2013  -  The  online  media  group  Hi-Media  (ISIN   code 
FR0000075988 - HIM, HIM.FR), one of the European leaders in Internet  audience 
monetization, releases its business report for the first quarter of 2013.

                  Main Consolidated Data (in Euro millions)


                 Q1 2013 Q1 2012  Q1 Variation
Sales
  Advertising     21.4    21.0        +2%
    Payments      24.4    28.2        -13%
     Total        45.8    49.2        -7%
                                               
                                               
                Q1 2013 Q1 2012 Q1 Variation
Gross Profit^[1]        
  Advertising     10.1    10.1        -
    Payments       6.7     7.4       -9%
     Total        16.8    17.5       -4%
                                           

Regarding the figures for the first quarter of 2013, Cyril Zimmermann, Founder
and Chief Executive Officer of the Hi-Media Group, indicates:

« The return to growth in the advertising business reflects the success of the
Group redevelopment on ad exchange, video and mobile management as well as  on 
special operations, even though the  business environment is still  depressed. 
These positive  figures predict  a good  dynamic throughout  the year.  Online 
payment activity continues its evolution  in accordance with our  expectations 
and gives us  good reason  to be  confident about a  return to  growth in  the 
second semester, as previously indicated. In the last two years the group  has 
successfully redeployed in digital  services with high  added value and  seems 
perfectly positioned to start a new cycle of growth in 2013. »

ANALYSIS OF THE ACTIVITY

HiMedia: Back on a growth path

With 21.3 million euros in sales, and despite depressed online advertising
market across Europe, Hi-Media generated topline growth over the first
quarter.

This good performance of the Advertising unit is due to the dynamism of the
new activities that have been launched over the last two years and where
growth is sustained. Thus, automated advertising campaigns (RTB) as well as
video, mobile and special operations campaigns posted more than 200% sales
growth rate of during the period. The four activities represent more than 35%
total advertising sales, weight which is sufficient to compensate the decrease
of traditional advertising investments in a depressed market.

Gross margin levels remain stable and therefore, gross profit evolves
similarly to the volume of activity.

HiPay: Ongoing shift as anticipated

Due to an unfavorable basis effect with a 2012 first quarter that was still
including a bit of abandoned activities at that time, the Payments activity,
rebranded HiPay, posted a 13% decrease in sales compared to last year and an
improving gross margin with a gross profit decreasing by 9%.

These figures, in line with Group expectations, do not reflect the yearly
perspectives of the online payment activity as an upturn in activity is
expected for the second half of the year thanks to the success of the ewallet
and the card processing solutions which has been demonstrated during the first
quarter. Various media companies and merchants have chosen to integrate HiPay
either for micropayment or for banking methods of payment and shall contribute
to the sales development of the activity throughout the year.

PERSPECTIVES

The Group is confident to demonstrate a global topline growth in 2013 thanks
to the upturning dynamism in advertising despite a difficult market. HiPay
activity follows the same trend with a six month difference in timing and thus
should see its sales level growing during the second half of the year.

These observed figures and trends confirm the objective of 5% activity growth
for the full year 2013.

About Hi-Media group

Hi-Media is one  of the leading  European digital media  groups. Its  economic 
model is  based  on  two  revenue sources:  online  advertising  via  Hi-Media 
Advertising  and  content  monetization  via  HiPay.  Present  in  9  European 
countries, the group employs approximately  460 people and generated sales  of 
198 million euros in 2012. Independent since its creation in 1996, the company
is listed in the NYSE Euronext Paris compartment C, and is included in the CAC
Small and  CAC  All-Tradable indices.  ISIN  code: FR  0000075988  /  Trading 
symbol:  HIM.  More   information  on   www.hi-media.com  and   on  our   blog 
http://blog.hi-media.com/

Financial communication:  H1  2013 results:  August  29 2013,  before  market 
opening

Press Contact:

Citigate Dewe Rogerson
Investor contact: Agnes Villeret: 0033 (0)1 53 32 78 95 -
agnes.villeret@citigate.fr

Press contact: Servane Taslé: 0033 (0)1 53 32 78 94 - 0033 (0)6 66 58 84 28  - 
servane.tasle@citigate.fr

This press release does not constitute an offer to sell, or a solicitation  of 
an offer  to  buy  Hi-Media  shares.  If you  wish  to  obtain  more  complete 
information   about   Hi-Media,   please   refer   to   our   Internet    site 
http://www.hi-media.com under the Corporate Information heading.

This press  release  may  contain some  forward-looking  statements.  Although 
Hi-Media considers that these statements are based on reasonable hypotheses on
the publication date of this release, they are by their very nature subject to
risks and uncertainties  that could cause  the actual results  to differ  from 
those indicated  or projected  in  these statements.  Hi-Media operates  in  a 
continually changing  environment  and  new risks  could  potentially  emerge. 
Hi-Media assumes  no obligation  to update  these forward-looking  statements, 
whether to reflect new information, future events or other circumstances.

-------------------------

[1]Including 100% gross margin generated on owned & operated websites
(Hi-Media Publishing)

Hi-Media: 46 MILLION EUROS IN SALES IN THE FIRST QUARTER

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Source: HI-MEDIA via Thomson Reuters ONE
HUG#1695134