APPOINTMENT OF EXECUTIVE CHAIRMAN AT UNION MEDIA LIMITED

London, February 18th: Union Media Holdings Limited ("Union" or "the
Company") announces the appointment of Rohan Courtney as Executive Chairman
with immediate effect. Courtney joins the Company shortly after Union
announced its proposal to raise up to 2million GBP by way of a reverse
take-over of OFEX listed company Transad Plc.

Courtney brings with him a wealth of expertise in corporate governance with
more than 30 years of experience in the financial services and media
sectors. As Chief Executive in London of the State Bank of New South Wales
he became closely involved with the media sector while establishing
relationships with News Corporation. During the time of his tenure
(1982-1990) State Bank become one of the main banks for News Corporation.

As Chairman of International Pacific Securities (1993-1996) Courtney formed
part of the team which arranged the sale of Grundy Television (owners of
game show formats and Australian soap operas) to Pearson Television. From
1996-2001 Courtney was Chairman of AIM-listed West 175 Media Group. He was
responsible for all fund raising and built the company from a market cap of
3million GBP when it floated in September 1996 to 50million GBP at the time
of his leaving. From 1996-1998 he also chaired the AIM listed Sanctuary
Music Productions Plc.

Says Courtney. "This is an exciting time for Union. I am looking forward to
working with fellow board members on the proposed reverse acquisition of
Transad, and the future development of the company through new productions
and the exploitation of Union's considerable portfolio of intellectual
property rights."

Bradley Adams, Union's Chief Executive Officer is equally enthusiastic
regarding Courtney's appointment.

"Rohan brings a vast amount of experience to the company. His expertise in
managing complex financial and commercial transactions within the media
industry will be invaluable to Union during the take-over negotiations and
subsequent trading."

About Union Media Holdings Limited
Union was created to form a leading UK independent multi-media TV and film
production entity, based on and linking two well-known and established
production companies; Union Pictures and Natural Nylon Entertainment. The
company, with more than 10 years of business experience and exceptionally
strong branding, has the ambition and resources to become a leading player
in independent TV and film production worldwide. Union Pictures was formed
by Bradley Adams in 1990 and is a leading UK producer of high quality
television including dramas, documentaries and TV movies. Credits include
the award winning "An Ungentlemanly Act", "MasterChef", "The Crow Road" and
the comedy drama "Orrible" starring Johnny Vaughan for BBC2. A new mountain
rescue drama series for BBC1 "Rockface" will be broadcast in March of this
year. Bradley Adams, together with British actors Jude Law, Sadie Frost,
Ewan McGregor, Sean Pertwee and Jonny Lee Miller formed Natural Nylon in
1997. Nylon's film credits to date include David Cronenberg's "ExistenZ",
and Ewan McGregor's "Nora" Further productions are set for this year.