Hong Kong Exchanges and Clearing Limited

FORM 2 - Corporate Substantial Shareholder Notice

Form Serial No:

CS20080804000183

1. Name of listed corporation:

Clear Media Ltd.

2. Stock code:

00100

3. Class of shares:

Common Shares

4. Number of issued shares in class:

524,368,500

5. Name of substantial shareholder:

Thomas H Lee Advisors, LLC

6. Registered office:

1209 Orange Street, Wilmington, DE 19801, USA

7. Principal place of business in Hong Kong:

N/A

13. Exchange on which listed:

14. Name of listed parent and exchange on which parent is listed:

15. Date of relevant event:

31/07/2008
(dd/mm/yyyy)

16. Date when the substantial shareholder became aware of the relevant event/ interest in the shares (if later):

31/07/2008
(dd/mm/yyyy)


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	101		205	271,579,500	USD

18. Total shares immediately before the relevant event:

	Total number of shares	Percentage figure (%)
Long Position	0	0.00

19. Total shares immediately after the relevant event:

	Total number of shares	Percentage figure (%)
Long Position	271,579,500	51.79

20. Capacity in which interests disclosed in Box 19 are held:

Code describing capacity

Number of shares

205

Long position

271,579,500

21. Further information in respect of derivative interests:

Code describing derivatives	Number of shares
Nil

22. Further information in relation to interests of corporations controlled by substantial shareholder:

Name of controlled corporation

Address and place of incorporation

Name of controlling shareholder

% control

Direct interest

Number of shares

Thomas H Lee Partners, LP

Corporation Service Company, 2711 Centerville Road, Suite 400, Wilmington, Delaware 19808, USA (Delaware, USA)

Thomas H Lee Advisors, LLC

0.50

Long position

271,579,500

THL Equity Advisors VI, LLC

Corporation Service Company, 2711 Centerville Road, Suite 400, Wilmington, Delaware 19808, USA (Delaware, USA)

Thomas H Lee Partners, LP

100.00

Long position

271,579,500

CC Capital V Manager, LLC

Corporation Service Company, 2711 Centerville Road, Suite 400, Wilmington, Delaware 19808, USA (Delaware, USA)

THL Equity Advisors VI, LLC

50.00

Long position

271,579,500

Clear Channel Capital V, LP

Corporation Service Company, 2711 Centerville Road, Suite 400, Wilmington, Delaware 19808, USA (Delaware, USA)

CC Capital V Manager, LLC

1.00

Long position

271,579,500

CC Media Holdings, Inc

Corporation Service Company, 2711 Centerville Road, Suite 400, Wilmington, Delaware 19808, USA (Delaware, USA)

Clear Channel Capital V, LP

100.00

Long position

271,579,500

Thomas H Lee Partners, LP

Corporation Service Company, 2711 Centerville Road, Suite 400, Wilmington, Delaware 19808, USA (Delaware, USA)

Thomas H Lee Advisors, LLC

0.50

Long position

271,579,500

THL Equity Advisors VI, LLC

Corporation Service Company, 2711 Centerville Road, Suite 400, Wilmington, Delaware 19808, USA (Delaware, USA)

Thomas H Lee Partners, LP

100.00

Long position

271,579,500

Thomas H Lee Equity Fund VI, LP

1209 Orange Street, Wilmington, DE 19801 USA (Delaware, USA)

THL Equity Advisors VI, LLC

0.20

Long position

271,579,500

Clear Channel Capital IV, LLC

Corporation Service Company, 2711 Centerville Road, Suite 400, Wilmington, Delaware 19808, USA (Delaware, USA)

Thomas H Lee Equity Fund VI, LP

50.00

Long position

271,579,500

CC Media Holdings, Inc

Corporation Service Company, 2711 Centerville Road, Suite 400, Wilmington, Delaware 19808, USA (Delaware, USA)

Clear Channel Capital IV, LLC

100.00

Long position

271,579,500

Clear Channel Capital II, LLC

Corporation Service Company, 2711 Centerville Road, Suite 400, Wilmington, Delaware 19808, USA (Delaware, USA)

CC Media Holdings, Inc

100.00

Long position

271,579,500

Clear Channel Capital I, LLC

Corporation Service Company, 2711 Centerville Road, Suite 400, Wilmington, Delaware 19808, USA (Delaware, USA)

Clear Channel Capital II, LLC

100.00

Long position

271,579,500

Clear Channel Communications, Inc.

200 E. Basse, San Antonio, TX 78209, USA (Texas, USA)

Clear Channel Capital I, LLC

100.00

Long position

271,579,500

Clear Channel Holdings, Inc.

502 East John Street, Room E, Carson City, Nevada 89706, USA (USA)

Clear Channel Communications, Inc

100.00

Long position

271,579,500

Clear Channel Outdoor Holdings, Inc.

200 E. Basse, San Antonio, TX 78209, USA (Texas, USA)

Clear Channel Holdings, Inc.

90.00

Long position

271,579,500

Clear Channel Outdoor, Inc.

2711 Centerville Road, Suite 400, Wilmington, Delaware 19808, USA (Delaware, USA)

Clear Channel Outdoor Holdings, Inc.

100.00

Long position

271,579,500

Clear Channel Worldwide Holdings, Inc.

502 East John Street, Room E, Carson City, Nevada 89706, USA (USA)

Clear Channel Outdoor, Inc.

100.00

Long position

271,579,500

Clear Channel Holdings CV

Teleportboulevard 140, 1043EJ Amsterdam, The Netherlands (Netherlands)

Clear Channel Worldwide Holdings, Inc.

100.00

Long position

271,579,500

Clear Channel CV

Teleportboulevard 140, 1043EJ Amsterdam, The Netherlands (Netherlands)

Clear Channel Holdings CV

92.24

Long position

271,579,500

CCO International Holdings BV

Teleportboulevard 140, 1043EJ Amsterdam, The Netherlands (Netherlands)

Clear Channel CV

100.00

Long position

271,579,500

Clear Channel CP III BV

Bijimerplein 888, 1102 MG Amsterdam Zuidoost, The Netherlands (Netherlands)

CCO International Holdings BV

100.00

Long position

271,579,500

Clear Channel KNR Neth Antilles N.V.

Kaya W.F.G. Mensing 14, Curacao, Netherlands Antilles (Netherlands Antilles)

Clear Channel CP III BV

100.00

Long position

271,579,500

23. Further information in relation to interests held by substantial shareholder jointly with another person:

Name of joint shareholder	Address	Number of shares
Nil

24. Further information from a trustee, or beneficiary of a trust, or a founder of a Discretionary Trust:

Names of Trust	Address	Status code	Number of shares
Nil

25. Further information from a party to an agreement under Section 317:

Names of other parties	Address	Number 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:

Names	Address	Relationship Code	%
Nil

27. Date of filing this Form 2:

04/08/2008
(dd/mm/yyyy)

29. Number of attachments: