ONDAS Media and Jazz FM to Cooperate for European Satellite Radio Content

MADRID, November 17 - ONDAS Media S.A., the satellite radio company for Europe, today announced
it has teamed up with Jazz FM - the UK's interactive home of jazz - in a
content cooperation agreement. The partnership will see distribution of Jazz
FM's content on the ONDAS Media digital satellite radio platform to be
broadcast across the internationally recognized borders of 27 European
countries.

"Jazz FM has half a million UK listeners," confirms Dave Krueger, CEO of
ONDAS Media. "Crucially, Jazz FM is mainly available on DAB radio, so we know
that the listeners interested in this music genre are discriminating, demand
superb quality, and have already purchased a DAB radio to ensure they can
listen to their preferred content. Therefore, this affluent and discerning
demographic is a hugely attractive proposition for pay radio."

"If Jazz FM is as popular in the 27 countries in Europe as it is in the
UK, this partnership could potentially result in several million
subscribers," says Richard Wheatly, Chief Executive, Jazz FM. "ONDAS Media's
research has already confirmed that there is a significant interest in Jazz
throughout Europe and our offering is an excellent example of content which
can be commercialized on a mainstream basis. We are excited to partner with
ONDAS Media to expand our market significantly, allowing new listeners to
enjoy Jazz FM's high-quality content, in a superb digital quality format
wherever they live, work or travel in Europe."

Jazz FM currently broadcasts a broad range of jazz, soul, funk and blues.
As well as broadcasting the main popular Jazz FM channel, the agreement will
see the two organizations cooperate to explore the viability of creating
additional specialist radio channels with tailored content, as well as
working together in relation to sample radio programming content for ONDAS'
test and demonstration projects in Munich and Paris in 2010.

Through a fully integrated, digital satellite transmission network, ONDAS
will broadcast its multi-lingual radio, music, video and data services
directly to European consumers in their automobiles, trucks, homes, offices
and to their mobile and portable devices. It will provide digital
entertainment to 250 million vehicles and up to 500 million European
inhabitants on the move 24 hours a day, 7 days a week through more than 150
channels of proprietary and re-distributed music, sports, news, weather,
traffic and special interest programming in all the key European languages.

ONDAS Media has commercial satellite radio installation agreements
already in place with leading vehicle manufacturers including Renault, Nissan
and BMW which will allow consumers to listen to the extensive variety that
the digital satellite radio platform promises, following its full service
launch anticipated in 2012.

About ONDAS

ONDAS MEDIA S.A. (ONDAS), Europe's premier satellite media
company is a pan-European organisation that provides comprehensive digital
services for consumers on the move, headquartered in Madrid. ONDAS Media
focuses on delivering unparalleled breadth and depth of media content in
superior digital quality to European consumers. With a fully integrated,
state-of-the-art digital satellite transmission network, ONDAS Media intends
to broadcast its multi-lingual radio, music, video and data services directly
to European consumers in their automobiles, trucks, homes, offices and to
their mobile and portable devices.

In addition to securing further investment and supporting the necessary
regulatory process throughout Europe, ONDAS Media is establishing strategic
partnerships with European OEMs. For further information visit
www.ondasmedia.com

About Jazz FM: www.jazzfm.com

Jazz FM can be heard:

    - Nationally on Digital Satellite Television through Sky
      Digital and Freesat. To listen on Sky tune in to 0202 and for Freesat
      select channel 729
    - On DAB Digital Radio across the UK in London, the North West, the
      West Midlands, Glasgow, the Severn Estuary and South Wales
    - Online globally at www.jazzfm.com
    - And now on iPhone / Google Android / Blackberry / Nokia

One year on from its re-launch after a three-year absence, the
DAB station has not only far exceeded its own projected listening figures, it
has also become the fastest growing radio station in the UK and the most
listened-to digital radio station in London.

Established presenting talents at the station include
legendary broadcasters Robbie Vincent, Leo Green, Mike Vitti and Ralph Tee;
the award-winning Sarah Ward and Helen Mayhew, who share the renowned Dinner
Jazz slot; Contemporary Jazz expert Mike Chadwick, and Steve Quirk for all
things Smooth. Jazz FM has also affirmed its commitment to bringing through
the next generation of presenting voices, with the likes of Claire Anderson
and her achingly hip Late Lounge, and the sexy tones of Rosie Kendrick whose
listeners enjoy Smooth Jazz Through the Night.

Contact: Mel Betts, Grapevine PR Ltd, +44-1409-211675, melanie.betts at grapevinepr.com. Contact: Rebecca Ladbury, Ladbury PR Ltd, +44-7941-224-975, Rebecca at ladburypr.com