____________________________________

______________________________________

John McCannGroup Chief Executive

Scott TauntonChief Operating Officer

Norman McKeownGroup Finance Director

Interim Results 2014

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Some statements in this presentation are forward looking. They represent expectations for UTV’s business and involve risks and uncertainties. UTV has based these forward-looking statements on current expectations and projections about future events. UTV believes that expectations and assumptions with respect to these forward-looking statements are reasonable. However, because they involve known and unknown risks, uncertainties and other factors, which are in some cases beyond UTV’s control, actual results or performance may differ materially from those expressed or implied by such forward-looking statements.

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Page

❏ The UTV Group 1

❏ Highlights 2

❏ Divisional Business Review

- Radio GB 3

- Radio Ireland 5

- Television 7

❏ Financial Overview 11

❏ Conclusion & Outlook 16

❏ Company Information 17

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Operates the no.1 commercial national speech station - talkSPORT, talkSPORT International,13 Independent Local Radio (ILR) stations, a number of digital radio multiplexes throughout GB and Sport magazine - the UK’s biggest sports magazine.

Largest operator of ILR stations in Ireland with stations in Dublin (2), Cork (2), Belfast, Limerick and Dundalk/Drogheda.

The market leading televison station in Northern Ireland and ITV franchise holder

Now incorporates Tibus and Simply Zesty

THE UTV GROUP

1

New television station in the Republic of Ireland. Broadcasting commences January 2015.

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______________________________________HIGHLIGHTS

2

❏ Group revenue up 13% to £57.8m with strong results from all three divisions - Radio GB up 20% with talkSPORT up 33% after successful World Cup - Radio Ireland up 9% before adverse FX movements of 4% - Television up 7% with growth across all sales offices

❏ Strong audience performances with talkSPORT achieving a record 3.4 million listeners plus Radio Ireland and Television maintaining their market leading positions

❏ Group operating profit growth of 41% to £11.2m

❏ Net debt reduction of 14% to £43.5m with Net Debt/EBITDA ratio of 1.72x

❏ UTV Ireland on schedule to commence transmission on 1 January 2015 forecasting a 2015 operating loss of £2.0m - £3.0m due to start up trading in H1, moving into profit in H2

❏ Strategic focus on radio and television - UTV Connect, PropertyPal, UTV Drive and Recruit NI now divested

❏ Interim dividend of 1.82p, to be paid on 15 October 2014, representing a 4% increase on 2013 interim dividend

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______________________________________❏ Portfolio includes talkSPORT (one of three Independent National Radio stations) and 13 ILR stations throughout England and Wales

❏ talkSPORT was listened to by 3.4m adults in Q2 2014 for an average of 6.7 hours per week

❏ Our local stations were listened to by 1.4m adults in Q2 2014 for an average of 8.9 hours per week

❏ Sport magazine, which had an ABC audited weekly circulation of 304,000 in H1 2014 and readership of 448,000, is the UK’s biggest sports magazine

50

75

100

125

150

175

Q1

06

Q3

06

Q1

07

Q3

07

Q1

08

Q3

08

Q1

09

Q3

09

Q1

10

Q3

10

Q1

11

Q3

11

Q1

12

Q3

12

Q1

13

Q3

13

Q1

2014

TalkSPORT All Commercial Total Absolute RadioRadio 5 Live Classic

0%

25%

50%

75%

100%

Men ABC1 Men Men 16-34

talkSPORT Sky Sports BT SportDaily Telegraph Radio 5 Live

❏ talkSPORT remains the most efficient broadcaster for advertisers with the highest proportion of male audience of any UK broadcast media

❏ Domestic Premier League rights in place to 2015/16 season

❏ talkSPORT International global rights partnership secured to 2018/19

❏ Premier League matches now being broadcast in nine languages and in 25 countries

National Radio Stations Weekly ReachQ1 2006 - Q2 2014

Broadcast Media Profiles

Source: RAJAR Q2 2014 Source: RAJAR/IPSOS MORI/RSMB/Q2 2014, BARB Aug 2014, NRS Apr 2103-Mar 2014

3

RADIO GB | Audience

____________________________________

______________________________________talkSPORT (incl. talkSPORT International & Sport Magazine)

❏ National radio market was up by 10% in H1 2014

❏ talkSPORT revenue increased by 33% to £18.4m (2013: £13.8m)

❏ Operating costs of £14.4m (2013: £13.3m) with increase largely due to World Cup

❏ Operating profit increased by £3.5m to £4.0m (2013: £0.5m)

Local Radio

❏ The local market was up by 5% in H1 2014

❏ Our local radio airtime revenue increased by 6%

❏ Total revenue increased by 2% to £10.1m (2013: £9.9m)

❏ Operating costs reduced by 1% to £8.0m (2013: £8.1m)

❏ Operating profit increased by 14% to £2.1m (2013: £1.8m)

Current Trading and Outlook

❏ The total radio advertising market in Q3 is expected to be up by 5%

❏ Radio GB revenue is forecast to be up by 5% in Q3

❏ Our local radio revenue is expected to be up 1% in Q3

❏ talkSPORT revenue is expected to be up by 7% in Q3

Six months ended 30 JuneSix months ended 30 June

2014 2013 Change£m £m £m

TurnovertalkSPORT 18.4 13.8 4.6Local Radio 10.1 9.9 0.2

28.5 23.7 4.8Operating coststalkSPORT 14.4 13.3 (1.1)

Local Radio 8.0 8.1 0.122.4 21.4 (1.0)

Operating profittalkSPORT 4.0 0.5 3.5Local Radio 2.1 1.8 0.3

6.1 2.3 3.8

RADIO GB | Results & Outlook

4

____________________________________

______________________________________❏ UTV has market leading stations in the major urban areas in Ireland

❏ In 2014 UTV also sold airtime in two other major urban areas, being Galway and Waterford

❏ Urban Access national daily reach was 736,000 at June 2014

❏ U105 in Belfast, which broadcasts to a population of 889,000, has a weekly reach of 179,000 adults

250,000

500,000

750,000

1,000,000

Urban Access RTE Radio 1 2FM Today FM

Source: JNLR / Ipsos MRBI 2014-2

Listenership DataListenership DataListenership DataListenership Data

Weekly Reach

Market Share

FM104/Q102 Dublin 46% 19%

96FM/C103 Cork 66% 44%

Live 95FM Limerick 69% 39%

LMFM Drogheda 35% 30%

U105.8FM Belfast 20% 10%

Source: JNLR / Ipsos MRBI 2014 - 2 / RAJAR Q2 2014Source: JNLR / Ipsos MRBI 2014 - 2 / RAJAR Q2 2014Source: JNLR / Ipsos MRBI 2014 - 2 / RAJAR Q2 2014Source: JNLR / Ipsos MRBI 2014 - 2 / RAJAR Q2 2014

Daily Reach v National Broadcasters

Group owned stations

Other Urban Access stations

1. Q1022. FM1043. 96FM4. C1035. Live95FM6. LMFM7. U105.8FM *

8. Galway Bay FM9. Waterford City WLR

* Not included in Urban Access

5

RADIO IRELAND | Audience

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❏ Agency feedback suggests that the Irish Radio market revenue was up by 2%-4% in H1 2014

❏ Our Radio Ireland revenue up by 8% in local currency

❏ Our Urban Access package supported by our leading market positions in each of the key urban areas has been instrumental in our continuing strong market outperformance

❏ Total turnover of £10.3m (2013: £9.8m)- an increase of 8% at constant FX - an overall increase of 5% including FX loss of £0.3m

❏ Operating costs were £7.8m (2013: £7.7m)- a 4% increase at constant FX - an overall increase of 1% including FX gain of £0.2m

❏ Operating profit in the period increased to £2.5m (2013: £2.1m) - an increase of 25% at constant FX- an increase of 22% including FX loss of £0.1m

Current Trading and Outlook

❏ Agency feedback suggests that the radio advertising market in Q3 is expected to be up 1%-2%

❏ In Q3 our radio advertising revenue is expected to again outperform - increasing by 6% at constant FX and flat including FX

Six months ended 30 JuneSix months ended 30 June

2014 2013 Change

£m £m £m

Turnover

Agency 6.4 6.2 0.2

Local 3.6 3.4 0.2

Other 0.3 0.2 0.1

10.3 9.8 0.5

Operating costs 7.8 7.7 (0.1)

Operating profit 2.5 2.1 0.4

RADIO IRELAND | Results & Outlook

6

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❏ UTV has continued to outperform the ITV Network and in H1 2014 had:

- 17% more viewership than ITV

- 30% more viewership than BBC1 NI in peak-time

- over 4 times the viewership of Channel 4, our nearest commercial competitor

0

10

20

30

40

UTV/ITV BBC1 BBC2 C4 Five Other

37.9

4.56.27.6

22.521.3

40.9

4.65.75.4

18.8

24.6

N. Ireland UK

❏ With a 24.6% market share in Northern Ireland UTV is well placed in a recovering television market

❏ UTV had a 4% peak-time share of commercial channels in Republic of Ireland in multi-channel homes

ViewershipJanuary - June

Peak-time (%)

0

10

20

30

2010 2011 2012 2013 2014

21.321.721.722.722.724.625.125.125.7

27.1

UTV ITV 1 Network

Viewership January - June 2014

Peak-time (%)

Source: BARB/AdvantEdge Source: BARB/AdvantEdge

7

TELEVISION | Audience

____________________________________

______________________________________❏ UK television advertising market increased by 7% in the H1 2014

❏ UTV Net Advertising Revenue (NAR) was up by 9% in H1 2014

❏ Belfast and Dublin NAR increased by 8% in H1 2014

❏ Total turnover increased by 7% to £19.0m (2013: £17.7m) reflecting the improving market conditions

❏ Operating costs increased by £1.3m to £14.6m (2013: £13.3m) largely due to the UTV Ireland start-up costs and one-off savings in Simply Zesty in 2013

❏ Core UTV NI revenue up 8% to £16.6m (2013: £15.3m) - operating profit up by 30% to £4.4m (2013: £3.4m)

❏ Total Television operating profit was unchanged at £4.4m

Current Trading and Outlook

❏ UK television advertising market is expected to be up by circa 1% in Q3 2014

❏ NAR in our television operations is expected to be flat in Q3

❏ Television divisional revenue in this period (NAR, Other income, Tibus and Simply Zesty) is expected to increase by 3% in Q3

❏ Continued outperformance in audience share and peak time viewership

Six months ended 30 JuneSix months ended 30 June

2014 2013 Change£m £m £m

TurnoverLondon 9.2 8.3 0.9Belfast 3.5 3.2 0.3Dublin 2.4 2.2 0.2Sponsorship/Other 1.5 1.6 (0.1)

16.6 15.3 1.3Tibus & Simply Zesty 2.4 2.4 -

19.0 17.7 1.3Operating costs

UTV NI 12.2 11.9 (0.3)

UTV Ireland 0.5 - (0.5)

Tibus & Simply Zesty 1.9 1.4 (0.5)

14.6 13.3 (1.3)Operating profit profitUTV NI 4.4 3.4 1.0

UTV Ireland (0.5) - (0.5)

Tibus & Simply Zesty 0.5 1.0 (0.5)

4.4 4.4 -

TELEVISION | Results & Outlook

8

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9

TELEVISION | UTV Ireland

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10

❏ Broadcasting will commence on 1 January 2015

❏ Quality programme schedule including:

- High quality news and current affairs - Strong local programme schedule

❏ Station build has commenced and is on plan

❏ Close to finalising agreements with platform providers

❏ Key experienced executives in place

❏ UTV Ireland forecast to incur a first full year operating loss of £2.0m to £3.0m - expected to move into profitability in the second half of 2015

❏ Ambition to be the second most watched television channel in the Republic of Ireland after state broadcaster RTE1

TELEVISION | UTV Ireland

- Coronation Street - Emmerdale - I’m a Celebrity - Saturday Night Takeaway - Mr Selfridge - Prime Suspect - This Morning - Loose Women - The Chase - The Cube - Graham Norton - Jonathan Ross

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❏ Turnover from continuing operations of £57.8m (2013: £51.2m) - increase of 13% at constant FX - overall increase of 13% including FX loss of £0.3m

❏ Operating costs of £46.8m (2013: £43.4m) - increase of 8% at constant FX - overall increase of 8% including FX gain of £0.2m

❏ Central costs higher at £2.0m (2013: £1.0m) largely as result of one off pension savings in 2013

❏ Group operating profit of £11.2m in 2014 (2013: £7.9m) - up 42% at constant FX- overall increase of 41% including FX loss of £0.1m

❏ Average €:£ exchange rate for 2014 was 1.22 (2013: 1.18)

Six months ended 30 JuneSix months ended 30 JuneSix months ended 30 June2014 2013 Change£m £m £m

Radio GB 28.5 23.7 4.8Radio Ireland 10.3 9.8 0.5Television 19.0 17.7 1.3

Turnover 57.8 51.2 6.6

Radio GB 22.4 21.4 (1.0)Radio Ireland 7.8 7.7 (0.1)

Television 14.6 13.3 (1.3)Central costs 2.0 1.0 (1.0)

Operating costs 46.8 43.4 (3.4)

Radio GB 6.1 2.3 3.8Radio Ireland 2.5 2.1 0.4Television 4.4 4.4 -Central costs (2.0) (1.0) (1.0)

11.0 7.8 3.2

Income from JV’s & associates

0.2 0.1 0.1

Operating profit*

11.2 7.9 3.3

* From continuing operations* From continuing operations* From continuing operations* From continuing operations

FINANCIAL OVERVIEW | P&L

11

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______________________________________Six months ended 30 JuneSix months ended 30 JuneSix months ended 30 June

2014 2013 Change

£m £m £m

Group operating profit

11.2 7.9 3.3

Net finance costs (1.3) (1.6) 0.3

FX 0.1 (0.2) 0.3

Group profit before tax 10.0 6.1 3.9

Taxation (2.0) (1.2) (0.8)

Exceptional tax - (1.4) 1.4

Profit after tax from continuing operations

8.0 3.5 4.5

Discontinued operations

(0.1) (0.1) -

Profit for period 7.9 3.4 4.5

Diluted adjusted earnings per share from continuing operations (pence)Diluted adjusted earnings per share from continuing operations (pence)Diluted adjusted earnings per share from continuing operations (pence)Diluted adjusted earnings per share from continuing operations (pence)

8.28 5.25 3.03

FINANCIAL OVERVIEW | P&L

❏ Net finance costs were reduced by 22% to £1.3m (2013: £1.6m) due to lower interest rates and the lower debt level

❏ Group profit before tax up by 62% to £10.0m (2013: £6.1m)

❏ Effective tax rate of 20% (2013: 20%)

❏ Exceptional ROI deferred tax charge of £1.4m in 2013

❏ Discontinued operations relate to the actual and anticipated proceeds plus further disposal costs arising from the sale of UTV Connect, UTV Drive and PropertyPal. Recruit NI was sold in August 2014

❏ Group profit for the period up by 132% to £7.9m (2013: £3.4m)

❏ Diluted adjusted EPS up by 58% to 8.28p (2013: 5.25p)

❏ The Board has decared an interim dividend payment of 1.82p (2013: 1.75p), an increase of 4%

12

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______________________________________❏ Free cash flow from operations of £10.1m (2013: £5.0m)

❏ An increase in capital expenditure to £1.9m in the year largely due to UTV Ireland

❏ Working capital inflow of £0.1m (2013: £1.5m outflow), despite revenue growth, largely relating to the strong cash collection

❏ Contingent consideration and acquisitions in 2013 reflecting Simply Zesty buyout

❏ Tax outflow of £0.7m (2013: £0.7m)

❏ Cash flow from disposals reflecting initial consideration from sale of broadband and internet portal businesses

❏ Discretionary pension funding of £1.2m per annum agreed until 2015

❏ Other pension outflow of £1.5m relates to the buyback of property from the pension scheme (2013: £1.4m relates to closure of an Executive Pension Scheme)

❏ Closing €:£ exchange rate at 30 June was 1.25 compared to 1.20 at 31 December 2013, generating a translation inflow of £0.5m (2013: £0.8m outflow)

Six months ended 30 JuneSix months ended 30 JuneSix months ended 30 June

2014 2013 Change

£m £m £m

EBITDA 11.9 8.9 3.0

Capital expenditure (1.9) (1.0) (0.9)

Working capital 0.1 (1.5) 1.6

Contingent consideration - (1.4) 1.4

Free cash flow from operations 10.1 5.0 5.1

Finance cost (1.1) (1.2) 0.1

Tax (0.7) (0.7) -

Minority dividends (0.1) - (0.1)

Acquisitions - (0.2) 0.2

Disposals 0.3 - 0.3

Discretionary pension (1.2) (1.2) -

Other pension (1.5) (1.6) 0.1

Debt translation 0.5 (0.8) 1.3

Other (0.2) - (0.2)

Cash inflow/ (outflow) 6.1 (0.7) 6.8

Opening net debt (49.6) (50.0) 0.4

Closing net debt (43.5) (50.7) 7.2

FINANCIAL OVERVIEW | Cash Flow

13

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❏ Net debt reduced by 14% to £43.5m at 30 June 2014 (30 June 2013: £50.7m)

❏ Group debt facilities comprise:

- £65m revolving credit facility- €25m five year term loan - €10m repaid- Overdraft facilities of £4m and €2m

❏ Banking facilities in place until 31 May 2017

❏ Total borrowings of £58.0m comprise bank loans of £46.0m and €15.0m (£12.0m), Euro rate 1.25 (2013: 1.17), and are stated net of deferred financing costs of £0.6m (2013: £0.8m)

❏ Total borrowing facilities at 30 June 2014 of £82.6m with unutilised facilities of £24.6m

❏ Net Debt/EBITDA at 30 June 2014 was 1.72x (2013: 2.46x) compared to covenant test of less than 3.50x (2013: less than 3.50x)

❏ EBITDA/Interest cover of 12.68x (2013: 7.40x) compared to covenant ratio of at least 3.25x (2013: 3.25x)

Net Debt30 Jun 1430 Jun 14 31 Dec 13 30 Jun 13

£m£m £m £mBank loans

Current 3.83.8 3.9 4.4Non Current 53.653.6 55.9 56.3

57.457.4 59.8 59.3

Less Cash 13.913.9 10.2 8.6

Net Debt 43.543.5 49.6 50.7

Facilities as at 30 June 2014Facilities as at 30 June 2014Facilities as at 30 June 2014Facilities as at 30 June 2014Facility Total UtilisedUtilised Unutilised

£m £m£m £m

Facility A (RCF) 65.0 46.046.0 19.0

Facility B (€15m term loan) 12.0 12.012.0 0.0

Overdraft ** 5.6 0.00.0 5.6

82.6 58.058.0 24.6

** Overdraft unutilised £4.0m and €2m (£1.6m) ** Overdraft unutilised £4.0m and €2m (£1.6m) ** Overdraft unutilised £4.0m and €2m (£1.6m) ** Overdraft unutilised £4.0m and €2m (£1.6m) ** Overdraft unutilised £4.0m and €2m (£1.6m)

Margins*

Net Debt/EBITDA Applicable marginApplicable marginApplicable margin

3.00 - 3.50 3.50%3.50%3.50%

2.50 - 3.00 3.00%3.00%3.00%

2.00 - 2.50 2.50%2.50%2.50%

1.50 - 2.00 2.25%2.25%2.25%

Less than 1.50 2.00%2.00%2.00%

* Effective from 31 May 2012* Effective from 31 May 2012* Effective from 31 May 2012* Effective from 31 May 2012

FINANCIAL OVERVIEW | Debt Profile & Facilities

14

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❏ Intangibles decreased by £2.7m from 31 December 2013 as a result of FX movement on ROI intangibles

❏ Deferred tax assets decreased by £0.2m from December 2013 predominantly due to the decrease in deferred tax on the pension liability

❏ Trade & other payables increased by £4.1m from 31 December 2013 due largely to the accrual for the final dividend for 2013 which was paid in July 2014

❏ Bank loans reduced by £2.4m to £57.4m (Dec 2013: £59.8m) due to net repayments of £2.0m, favourable FX movements of £0.3m and a movement of £0.1m in deferred financing costs

❏ The pension scheme as at 30 June 2014 comprises assets of £92.0m (Dec 2013: £87.7m) and liabilities of £96.2m (Dec 2013: £92.3m)

❏ The pension deficit decreased by £0.4m to £4.2m (Dec 2013: £4.6m) due principally to increased funding offsetting the actuarial increases in the schemes liabilities

Balance SheetBalance SheetBalance SheetAs at: 30 Jun 14 31 Dec 13 30 Jun 13

£m £m £m

Intangible assets 174.4 177.1 179.7

Fixed assets 12.5 11.9 12.1

Investments 0.9 0.8 0.8

Deferred tax 1.8 2.0 2.5

Total non-current assets 189.6 191.8 195.1

Stock 0.7 1.7 0.3

Trade & other receivables 22.7 22.8 22.0

Cash & deposits 13.9 10.2 8.6

Total current assets 37.3 34.7 30.9

Total assets 226.9 226.5 226.0

Trade & other payables (27.3) (23.2) (25.2)

Loans (57.4) (59.8) (59.3)

Deferred consideration - - (1.5)

Deferred tax liability (34.5) (35.1) (38.0)

Pension liability (4.2) (4.6) (6.0)

Other (3.4) (2.7) (3.1)

Total liabilities (126.8) (125.4) (133.1)

NET ASSETS 100.1 101.1 92.9

EQUITY & RESERVES

100.1 101.1 92.9

FINANCIAL OVERVIEW | Balance Sheet

15

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❏ Strong financial and audience performance in first six months

❏ Post World Cup - anticipated Group revenue increase of 3% in Q3 2014

❏ Strong cash generation in H1 - Net debt reduced to £43.5m - Net debt/EBITDA of 1.72 times

❏ Divestment of non-core New Media assets now completed

❏ Plans to launch UTV Ireland channel well progressed

❏ At this early stage, UTV Ireland forecast to incur a full year operating loss of £2.0m - £3.0m in 2015

❏ Market conditions continue to improve - anticipated continued growth in UK and Ireland

CONCLUSION & OUTLOOK

16

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______________________________________Listing Particulars

Exchanges: London & Dublin

Tickers: UTV LN / UTV ID

Indices: FTSE Small Cap / ISEQ

Shares in issue: 95.9m

Freefloat: 98.8%

Analyst CoverageAnalyst Coverage

Numis Paul Richards

Goodbody Gavin Kelleher

Shore Capital David O’Brien

Davy John Stokes

UTV Media plcOrmeau RoadBelfast BT7 1EBNorthern Ireland

t: +44 289 032 8122w: utvmedia.comtwitter: @UTV

Contacts

John McCannGroup Chief Executive john.mccann@u.tv

Scott TauntonChief Operating Officer

scott.taunton@u.tv

Norman McKeownGroup Finance Director

norman.nckeown@u.tv

Orla McKibbinDirector of Communications orla@u.tv

COMPANY INFORMATION

Contacts

17