UK Rights Managment Company Coolabi Confirms Possible Takeover

In response to the movement in its share price, Coolabi confirms that it has received an approach regarding a possible offer from a third party which may or may not lead to an offer being made for the Company. Discussions are at a very early stage and there can be no certainty that these discussions could lead to an offer for the Company.

A further announcement will be made when appropriate.

In accordance with Rule 2.10 of The City Code on Takeovers and Mergers, Coolabi announces that, as at the close of business on 8 August 2011, its issued share capital consisted of 55,517,449 ordinary shares of 1p each.

The International Securities Identification Number for Coolabi’s ordinary shares is GB00B28PL418.