FORM 2 - Corporate Substantial Shareholder Notice
 
Form Serial No: CS20060606000040
1. Name of listed corporation: Clear Media Ltd. 
2. Stock code: 00100
3. Class of shares: Ordinary Shares 
4. Number of issued shares in class: 514,598,500
5. Name of substantial shareholder: Clear Channel Communications, Inc 
6. Registered office: 701 Brazos Street, Suite 1050, Austin, Texas 78701, USA
7. Principal place of business in Hong Kong: N/A 
13. Exchange on which listed: New York Stock Exchange
14. Name of listed parent and exchange on which parent is listed:  
15. Date of relevant event: 02/06/2006
(dd/mm/yyyy)
16. Date when the substantial shareholder became aware of the relevant event/ interest in the shares (if later):
17. Details of relevant event:
  Relevant event code describing circumstances Code describing capacity in which shares were/are held Number of shares bought/sold or involved Currency of transaction On Exchange Off Exchange
Before relevant event After relevant event Highest price per share Average price per share Average consideration per share Consideration code
Long position 103 205 205 5,461,000 HKD 10.200 10.000
18. Total shares immediately before the relevant event:
 Total number of sharesPercentage figure (%)
Long Position260,170,50051.07
19. Total shares immediately after the relevant event:
 Total number of sharesPercentage figure (%)
Long Position265,631,50051.62
20. Capacity in which interests disclosed in Box 19 are held:
Code describing capacityNumber of shares
205
Long position265,631,500

21. Further information in respect of derivative interests:
Code describing derivativesNumber of shares
Nil 
22. Further information in relation to interests of corporations controlled by substantial shareholder:
Name of controlled corporationAddress and place of incorporationName of controlling shareholder% controlDirect interestNumber of shares
Clear Channel Holdings, Inc.502 East John Street, Room E, Carson City, Nevada 89706, USA (USA)Clear Channel Communications, Inc100.00N
Long position265,631,500
Clear Channel Outdoor Holdings, Inc.200 E. Basse, San Antonio, TX 78209, USA (Delaware, USA)Clear Channel Holdings, Inc.90.00N
Long position265,631,500
Clear Channel Outdoor, Inc.2711 Centerville Road, Suite 400, Wilmington, Delaware 19808, USA (Delaware, USA)Clear Channel Outdoor Holdings, Inc.100.00N
Long position265,631,500
Clear Channel Worldwide Holdings, Inc.502 East John Street, Room E, Carson City, Nevada 89706, USA (USA)Clear Channel Outdoor, Inc.100.00N
Long position265,631,500
Clear Channel Holdings CVTeleportboulevard 140, 1043EJ Amsterdam, The Netherlands (Netherlands)Clear Channel Worldwide Holdings, Inc.100.00N
Long position265,631,500
Clear Channel CVTeleportboulevard 140, 1043EJ Amsterdam, The Netherlands (Netherlands)Clear Channel Holdings CV92.24N
Long position265,631,500
Clear Channel CP VII B.V.Teleportboulevard 140, 1043EJ Amsterdam, The Netherlands (Netherlands)Clear Channel CV100.00N
Long position265,631,500
Clear Channel CP III B.V.Bijimerplein 888, 1102 MG Amsterdam Zuidoost, The Netherlands (Netherlands)Clear Channel CP VII B.V.100.00N
Long position265,631,500
Clear Channel KNR Neth Antilles N.V.Kaya W.F.G. Mensing 14, Curacao, Netherlands Antilles (Netherlands Antilles)CC CP III B.V.100.00Y
Long position265,631,500

23. Further information in relation to interests held by substantial shareholder jointly with another person:
Name of joint shareholderAddressNumber of shares
Nil 
24. Further information from a trustee, or beneficiary of a trust, or a founder of a Discretionary Trust:
Names of TrustAddressStatus codeNumber of shares
Nil  
25. Further information from a party to an agreement under Section 317:
Names of other partiesAddressNumber of shares
Nil 
Total number of shares in which substantial shareholder is interested under section 317 and 318:
26. Details of person(s) in accordance with whose directions the substantial shareholder or its directors are accustomed to act:
NamesAddressRelationship Code%
Nil  
 
27. Date of filing this Form 2: 05/06/2006
(dd/mm/yyyy)
29. Number of attachments: 0