SurfStitch Group Limited (SurfStitch Group or the Company) announces the completion of the disposal of one of the Group’s media businesses, Garage Entertainment, to the Madman Media Group. The business comprises Garage Entertainment Aust. Pty Ltd and TMG Media Pty Ltd. In June 2016, SurfStitch Group announced its decision to undertake a strategic review of its assets, including the Group’s media assets. Today’s announcement reflects the outcome and recommendations of that review.