(The following is a reformatted version of a press release issued by Radio e Televisao Bandeirantes and received via electronic mail. The release was not confirmed by the sender.)

PRESS RELEASE - RADIO E TELEVISAO BANDEIRANTES LTDA. ANNOUNCES EXTENSION OF EXCHANGE OFFER UNTIL JUNE 18, 2002

Sao Paulo, June 10 -- Radio e Televisao Bandeirantes Ltda ("RTB") announced that the expiration date of the Exchange Offer in connection with its U.S.$100,000,000 12 7/8% Notes due 2006 (the "Existing Notes") was extended from June 11, 2002 until June 18, 2002. Pursuant to the Exchange Offer, non-U.S. holders are being offered the opportunity to exchange their Existing Notes for 9.0% Convertible Notes due 2009 (the "New Notes") issued by TV Band International Limited (a wholly-owned subsidiary of RTB) and guaranteed by RTB, the Guarantors of the Existing Notes and certain additional guarantors. The terms and conditions of the Exchange Offer are described in an Offering Memorandum, dated May 13, 2002.

In addition, RTB announced that it had agreed to modify the terms of the New Notes to provide that, upon a sale of capital stock giving rise to the right of holders of the New Notes to exercise certain put options, RTB will, following the redemption or repurchase of New Notes pursuant to these put option rights, invest all remaining net proceeds from the sale of capital stock in a permitted business of RTB. In addition, Mr. Joao Carlos Saad, the President of RTB, has agreed to become a guarantor of the New Notes.

RTB also announced that the semi-annual interest payment due May 15, 2002 with respect to the Existing Notes that are not tendered under the Exchange Offer will be made on or prior to June 21, 2002. However, RTB is experiencing a significant liquidity shortage, and will not have sufficient funds to pay the semi-annual interest payment on the Existing Notes due May 15, 2002 unless a significant percentage of the Existing Notes participate in the Exchange Offer.

RTB has retained Eurovest Global Securities Inc. as Dealer Manager in connection with the Exchange Offer. RTB has also appointed The Bank of New York as Exchange Agent. Requests for additional information or copies of the Offering Memorandum may be directed to the Dealer Manager or the Exchange Agent at the addresses or telephone numbers set forth below:

Dealer Manager:

Eurovest Global Securities
Rua Sansao Alves dos Santos, 102 04571-090 Sao Paulo, SP, Brazil (55-11) 5505-3334 or
(55-11) 3346-9400
Attn:
Carla Gomes
Carlos Gribel
Maitˆ Prado
Rodrigo Steiner
Exchange Agent:

The Bank of New York
Corporate Trust Operations
Reorganization Unit
15 Broad Street - 16th Floor
New York, New York 10007
(212) 235-2363
Attn: Santino Ginocchietti