Focus Media Announces US$100 Million Share Repurchase Program

    SHANGHAI, China, July 16 /Xinhua-EMWNews/ -- Focus Media Holding

Limited (Nasdaq: FMCN), China's leading multi-platform digital media

company, today announced that its board of directors has approved a share

repurchase program. Under the terms of the approved program, Focus Media

may repurchase up to US$100 million worth of its issued and outstanding

American depositary shares (''ADSs''). The repurchases will be made from

time to time on the open market at prevailing market prices or in block

trades. The purchases will be made subject to restrictions relating to

volume, price and timing. The timing and extent of any purchases will

depend upon market conditions, the trading price of its ADSs and other

factors. Focus Media expects to implement this share repurchase program

over the course of the next 12 months, effective immediately, in a manner

consistent with market conditions and the interest of the shareholders.

Focus Media's board of directors will review the share repurchase program

periodically, and may authorize adjustment of its terms and size

accordingly. Focus Media plans to fund repurchases made under this program

from its available cash balance.



    Tan Zhi, chief executive officer of Focus Media, commented, ''Our

Board's approval of the share repurchase program reflects our commitment to

increase shareholder value and our confidence that the current ADS price

level does not reflect our potential value.''

    About Focus Media Holding Limited



    Focus Media Holding Limited (Nasdaq: FMCN) is China's leading

multi-platform digital media company, operating the largest out-of-home

advertising network in China using audiovisual digital displays, based on

the number of locations and number of flat-panel television displays in our

network, and is also a leading provider of mobile handset advertising and

Internet marketing solutions in China. Through Focus Media's multi-platform

digital advertising network, the company reaches urban consumers at

strategic locations and point-of-interests over a number of media formats,

including audiovisual television displays in buildings and stores,

advertising poster frames and other new and innovative media, such as

outdoor light-emitting diode or LED digital billboard, mobile handset

advertising networks and Internet advertising platforms. As of March 31,

2008, Focus Media's digital out-of-home advertising network had

approximately 119,200 LCD display in its commercial location network,

approximately 61,400 LCD displays in its in-store network and 246,900

advertising in-elevator poster frames, installed in over 90 cities

throughout China, and approximately 200 outdoor LED billboard displays in

Shanghai. For more information about Focus Media, please visit our website

at http://ir.focusmedia.cn .



    Safe Harbor: Forward-Looking Statements



    This announcement contains forward-looking statements. These statements

are made under the "safe harbor" provisions of the U.S. Private Securities

Litigation Reform Act of 1995. These forward-looking statements can be

identified by terminology such as "will," "expects," "anticipates,"

"future," "intends," "plans," "believes," "estimates" and similar

statements. Focus Media may also make written or oral forward-looking

statements in its periodic reports to the U.S. Securities and Exchange

Commission on forms 20-F and 6-K, in its annual report to shareholders, in

press releases and other written materials and in oral statements made by

its officers, directors or employees to third parties. Statements that are

not historical facts, including statements about Focus Media's beliefs and

expectations, are forward-looking statements. Forward-looking statements

involve inherent risks and uncertainties. A number of important factors

could cause actual results to differ materially from those contained in any

forward-looking statement. Potential risks and uncertainties include, but

are not limited to, risks outlined in Focus Media's filings with the U.S.

Securities and Exchange Commission, including its registration statements

on Forms F-1, F-3, F-6 and 20-F, in each case as amended. Focus Media does

not undertake any obligation to update any forward-looking statement,

except as required under applicable law.