Nov 16, 2004 Beijing, China - Focus Media, the leader of China's out-of-home media channels, today announced that it has received a total investment of USD 30 million from Goldman Sachs, 3i and UCI China, in a joint press conference with Goldman Sachs, 3i, and UCI China hold in People's Congress Hall . Prior to that, Focus Media has already received investment from several domestic and international venture capitals, such as Softbank, CDH and DFJ. Focus Media's audiovisual advertising network has expanded to 37 cities in 17 provinces and regions, with 12,000 flat-panel display terminals installed in 6,800 commercial locations.

Herny Cornell, Director and General Manager of Direct Investment Dept. of Goldman Sachs commented:" Companies that Goldman Sachs are interested in investing are those with strong competitive advantages and also in an industry with higher entry barriers. Focus Media's profile ideally matches our investment focus. Before we made this investment, our research team has made a profound study on Focus Media, which fully recognized its achievements and the high potential of China's out-of-home media industry. We believe that Focus Media has an innovative and effective business model, as well as a strong management team, with high capacity on corporate governance and execution capabilities, which are crucial its high growth in the future."