Focus Media Network : Form of Application for Excess Rights Shares

IMPORTANT

A copy of each of the Prospectus Documents, together with the document mentioned in the paragraph headed "16. Documents Delivered to the Registrar of Companies in Hong Kong" in Appendix III to the Prospectus, has been registered by the Registrar of Companies in Hong Kong as required under section 342C of the Companies (Winding Up and Miscellaneous Provisions) Ordinance. The Registrar of Companies in Hong Kong, the Stock Exchange and the SFC of Hong Kong take no responsibility as to the contents of any of the Prospectus Documents.

Dealings in the Shares and the Rights Shares in their nil-paid and fully-paid forms may be settled through CCASS and you should consult your stockbroker or other registered securities dealer, bank manager, solicitor, professional accountant or other professional advisers for details of those settlement arrangements and how such arrangements may affect your rights and interests. Subject to the granting of the listing of, and permission to deal in, the Rights Shares in their nil-paid and fully-paid forms on the Stock Exchange as well as compliance with the stock admission requirements of HKSCC, the Rights Shares in their nil-paid and fully-paid forms will be accepted as eligible securities by HKSCC for deposit, clearance and settlement in

CCASS with effect from the respective commencement dates of dealings in the Rights Shares in their nil-paid and fully- paid forms or such other dates as determined by HKSCC. Settlement of transactions between participants of the Stock Exchange on any trading day is required to take place in CCASS on the second trading day thereafter. All activities under CCASS are subject to the General Rules of CCASS and CCASS Operational Procedures in effect from time to time.

The Underwriting Agreement contains provisions granting the Underwriters a right to terminate their obligations on the occurrence of certain event, which are set out in the section headed "Termination of the Underwriting Agreement" in the Prospectus. If the Underwriting Agreement does not become unconditional or is terminated in accordance with its terms, the Rights Issue will not proceed. Please refer to the paragraph headed "Conditions of the Rights Issue" in the section headed "Letter from the Board" in the Prospectus for further details of the conditions of the Rights Issue.

This EAF and all applications made pursuant to it are governed by and shall be construed in accordance with the laws of Hong Kong. The Prospectus and/or the PAL and/or this EAF have not been and will not be registered or filed under any applicable securities or equivalent legislation of any jurisdictions other than Hong Kong. No action has been taken to permit the offering of the Rights Shares, or the distribution of the Prospectus Documents in any territory or jurisdiction outside Hong Kong. Accordingly, no person receiving a copy of the Prospectus and/or the PAL and/or this EAF in any territory or

jurisdiction other than Hong Kong may treat it as an offer or invitation to apply for the Rights Shares, unless in a territory or jurisdiction where such an offer or invitation could lawfully be made without compliance with any registration or other legal or regulatory requirements thereof or where the offer is made in reliance on any exemption or where compliance with the relevant legal or regulatory requirement will not, in the Board's judgement, be unduly burdensome.

It is the responsibility of anyone (including but not limited to any agent, custodian, nominee or trustee) receiving a copy of the Prospectus and/or the PAL and/or this EAF outside Hong Kong and wishing to make an application for the Rights Shares to satisfy himself/herself/itself as to the full observance of the laws and regulations of the relevant territory or jurisdiction including the obtaining of any governmental or other consents and to pay any tax and duties required to be paid in such territory or jurisdiction in connection therewith. Any acceptance of the offer of the Rights Shares by any such person will be deemed to constitute a representation and warranty from such person to the Company that these local laws and requirements have been fully complied with. For the avoidance of doubt, neither HKSCC nor HKSCC Nominees Limited is subject to any of the above representations and warranties. The Company reserves the right to refuse to accept any application for excess Rights Shares where it believes that doing so would violate the applicable securities or other laws or regulations of any jurisdiction. If you are in any doubt as to your position, you should consult your own professional advisers.

Tricor Investor Services Limited Level 22

Hopewell Centre

183 Queen's Road East Hong Kong

6th Floor, 603, Citicorp Centre, 18 Whitfield Road North Point

Hong Kong

(Incorporated in the Cayman Islands with limited liability)

Cricket Square, Hutchins Drive

P.O. Box 2681

Grand Cayman KY1-1111 Cayman Islands

31 August 2017

This EAF should be completed and lodged, together with payment as to HK$0.23 per Rights Share for the number of excess Rights Shares applied for by a cheque or a cashier's order, with the Registrar, Tricor Investor Services Limited, at Level 22, Hopewell Centre, 183 Queen's Road East, Hong Kong, so as to be received by not later than 4:00 p.m. on Thursday, 14 September 2017. All remittances must be made by cheque or cashier's order in Hong Kong dollars. Cheques must be drawn on an account with, or cashier's orders must be issued by, a licensed bank in Hong Kong. All such cheques or cashier's orders must be made payable to "Focus Media Network Limited - Excess Application Account" and crossed "Account Payee Only". All enquiries in connection with this EAF should be addressed to the Registrar at the above address.

All cheques and cashier's orders will be presented for payment immediately following receipt and all interest earned on such monies (if any) will be retained for the benefit of the Company. Completion and lodgement of this EAF for excess Rights Shares together with a cheque or a cashier's order in payment for the excess Rights Shares applied for will constitute a warranty by the applicant(s) that the cheque or the cashier's order will be honoured on first presentation. Without prejudice to its other rights in respect thereof, the Company reserves the right to reject any application for excess Rights Shares in respect of which the accompanying cheque or cashier's order is dishonoured on first presentation.

If no excess Rights Share is allotted to you, a refund cheque for the full amount without interest tendered on application will be posted to you by ordinary post at your registered address at your own risk and, if the number of excess Rights Shares allotted to you is less than the number applied for, the surplus application monies, without interest, will be posted to you by ordinary post at your registered address at your own risk. Such posting is expected to take place on or before Friday, 22 September 2017 by ordinary post. Any such cheque will be drawn in favour of the person named on this form or, in the case of joint applicants, the first-named person on this form. It is expected that share certificates in respect of the fully-paid Rights Shares and/or excess Rights Shares will be posted to those entitled thereto by ordinary post at their own risk on Friday, 22 September 2017. You will receive one share certificate for all the fully-paid Rights Shares and/or excess Rights Shares allotted and issued to you.

All documents, including refund cheques (if any), will be sent by ordinary post at the risk of the relevant applicants or other persons entitled thereto to the registered address kept by the Registrar.

All references to times and dates mentioned in this form refer to Hong Kong local times and dates.

By completing, signing and submitting this EAF, you agree to disclose to the Company and/or the Registrar and their respective advisers and agents personal data and any information which they require about you or the person(s) for whose benefit you have made the application for excess Rights Shares. The Personal Data (Privacy) Ordinance (Chapter 486 of the laws of Hong Kong) (the "Ordinance") provides you with the right to ascertain whether the Company or the Registrar holds your personal data, to obtain a copy of that data, and to correct any data that is inaccurate. In accordance with the Ordinance, the Company and the Registrar have the right to charge a reasonable fee for the processing of any such request.

All requests for access to data or correction of data or for information regarding policies and practices and the kinds of data held should be addressed to the Company, at its principal place of business in Hong Kong at 6th Floor, 603, Citicorp Centre, 18 Whitfield Road, North Point, Hong Kong or as notified from time to time, for the attention of the company secretary, or (as the case may be) to the Registrar, Tricor Investor Services Limited at Level 22, Hopewell Centre, 183 Queen's Road East, Hong Kong, for the attention of Privacy Compliance Officer.

Excess Application Form No.

Name(s) and address of Qualifying Shareholder(s)

Application can only be made by the Qualifying Shareholder(s) named here

To: The Directors,

Dear Sirs,

I/We, being the registered holder(s) named above of Shares, hereby irrevocably apply for excess Rights Share(s) at the Subscription Price of HK$0.23 per Rights Share under the Rights Issue in respect of which I/we enclose a separate remittance in favour of "Focus Media Network Limited - Excess Application Account" and crossed "Account Payee Only" issued for HK$ being the payment in full on application for the aforementioned number of excess Rights Shares.

I/we hereby request you to allot such excess Rights Shares applied for, or any lesser number, to me/us and to send by ordinary post at my/our risk to the address shown above my/our share certificate(s) for the number of excess Rights Shares as may be allotted to me/us in respect of this application and/or a cheque for any application monies refundable to me/us. I/We understand that allotments in respect of this application (i) shall be made at the discretion of the Directors on a fair and equitable basis and on a pro-rata basis to the excess Rights Shares applied for by the Qualifying Shareholders; (ii) no preference will be given to topping-up odd lots to whole board lots; (iii) there is no guarantee that odd lots of the Rights Shares will be topped up to create whole board lots pursuant to applications for excess Rights Shares as set out in the paragraph headed "Application for excess Rights Shares" in the section headed "Letter from the Board" of the Prospectus. I/We acknowledge that I am/we are not guaranteed to be allotted all or any of the excess Rights Shares applied for.

I/We, hereby undertake to accept such number of excess Rights Shares as may be allotted to me/us as aforesaid upon the terms set out in the Prospectus and subject to the memorandum and articles of association of the Company. In respect of any excess Rights Shares allotted to me/us, I/we authorise you to place my/our name(s) on the register of members of the Company as holder(s) of such Rights Shares.

1. 2. 3. 4.

Date: 2017

Contact

Telephone No:

THIS FORM IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES.