SHANGHAI, China, Jan. 27 /Xinhua-PRNewswire/ -- Focus Media Holding Limited , which operates the largest out-of-home advertising network in China using audiovisual flat-panel displays based on the number of locations and number of flat-panel television displays in its network, today announced a follow-on offering of 6,787,829 American depositary shares ("ADRs"), each representing ten ordinary shares, at a price to the public of $43.5 per ADS. 1,500,000 of these ADSs will be issued and sold by Focus Media, and 5,287,829 of these ADSs will be sold by certain shareholders of Focus Media. Focus Media will not receive any proceeds from the sale of ADSs by these selling shareholders. In addition, the selling shareholders have granted to the underwriters an option to purchase up to an additional 627,560 ADSs within 30 days from the date of the prospectus.

Goldman Sachs (Asia) L.L.C. is the sole global coordinator and is acting, together with Credit Suisse Securities (USA) LLC, as joint bookrunners. Citigroup Global Markets Inc. and Morgan Stanley & Co. International Limited are acting as co-lead managers in this offering and Piper Jaffray & Co is acting as a co-manager of this offering.

Copies of the final prospectus relating to the offering may be obtained from Goldman, Sachs & Co., c/o Prospectus Department, 85 Broad Street New York, NY 1004, phone number: 212-902-1171, or Credit Suisse, c/o Prospectus Department, Eleven Madison Avenue, New York, NY 10010, phone number; 212-538- 7764.

A registration statement relating to these securities was filed and declared effective by the U.S. Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

ABOUT FOCUS MEDIA HOLDING LIMITED

Focus Media Holding Limited operates the largest out-of- home advertising network in China using audiovisual flat-panel displays, based on the number of locations and number of flat-panel television displays in its network. As of September 30, 2005, Focus Media had 34,079 flat-panel displays in our commercial location network and 20,061 flat-panel displays in our in- store network. Focus Media's network consists of flat-panel audiovisual displays placed in high traffic areas, such as elevator lobbies of commercial buildings and large retail chain stores, and of advertising poster frames placed in elevators and public areas in residential complexes and commercial locations. Over 1,200 international and domestic advertisers have placed advertisements through our flat-panel networks as of September 30, 2005. For more information about Focus Media, please visit our website ir.focusmedia.cn.

CONTACT: Jie Chen of Focus Media Holding Limited, +86-21-3212-4661, ext
6607, or ir@focusmedia.cn

Web site: http://ir.focusmedia.cn/