LOOK COMMUNICATIONS TO PROCEED WITH CAPITAL REORGANIZATION

TORONTO and MONTRÉAL, FEBRUARY 25, 2005 – Look Communications Inc. (TSX Venture: LOK) today announced that the Company will proceed with its capital reorganization, approved by Look’s shareholders at the annual and special meeting on February 16. Upon the filing of the Articles of Amendment, each common share of Look will be exchanged for one-half of a Multiple Voting Share and one-half of a Subordinate Voting Share. Both classes will be fully participating shares, but the Multiple Voting class will carry 150 votes per share and the Subordinate Voting class will carry one vote per share. This new capital structure will give Look more flexibility to pursue equity financing while still adhering to the Canadian ownership restrictions of the Broadcasting Act (Canada). It is expected that the share exchange will be completed within the next few weeks.

The Company also announced the awarding of options pursuant to its amended and restated 2002 Stock Option Plan, also approved by shareholders on February 16. The options will be exercisable for Subordinate Voting Shares following the implementation of the Company’s share capital reorganization, and therefore are conditional upon the share capital reorganization being completed. Options exercisable for an aggregate of 1,427,631 Subordinate Voting Shares have been granted to employees of Look. All options are vested in equal one-third portions every year over the next three years. Options were also granted to the directors of the Company exercisable for an aggregate of 454,428 Subordinate Voting Shares. These options have an exercise price of $0.19 per share and are exercisable for a period of 10 years. Half of these options vested immediately, with the remaining half vesting in two equal instalments over the next two years.

About Look Communications Inc.
Look Communications’ mission is to be a mobile entertainment and information service provider in Ontario and Québec. The Company is developing a mobile broadband video network and currently delivers a full range of communications services, including high-speed and dial-up Internet access, Web applications, digital television distribution and superior customer service to both the business and residential markets across Canada. Look delivers high-speed connections and a full range of Web solutions that help SMEs achieve their business objectives. Through its advanced wireless infrastructure, Look also offers high quality digital entertainment services to consumers in Ontario and Québec. Look shares are listed on the TSX Venture Exchange under the symbol “LOK”.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

For more information, please contact:
Peter Block
(416) 586-0180
investorinfo@look.ca