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LOOK TO ISSUE COMMON SHARES IN PAYMENT OF INTEREST ON OUTSTANDING DEBENTURES
Toronto and Montreal, June 15, 2004 – Look Communications Inc. (TSX Venture: LOK) announced today that it intends to issue and deliver common shares of Look in payment of the interest due as of June 30, 2004 on $6,356,000 capital amount of secured convertible debentures currently outstanding. The debentures were issued in February 2004 pursuant to a rights offering effected by Look, in connection with which a final prospectus was filed on January 16, 2004. This payment of the interest on the debentures in common shares of Look is subject to regulatory approval, including that of the TSX Venture Exchange.
The debentures bear interest at a rate of 7% per year and will mature in ten years. Look will pay interest on the debentures semi-annually in arrears, on June 30 and December 30 of each year, commencing on June 30, 2004. The record date for the first interest payment is June 15, 2004. The number of common shares to be issued and delivered shall be determined by Look on the day immediately preceding the interest payment date in accordance with the provisions of the secured trust indenture, dated January 30, 2004, pursuant to which the debentures were issued. The debentures are direct obligations of Look and rank pari passu with all other subordinated, secured obligations of Look.
About Look Communications Inc. Look 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. In addition, Look provides a number of value-added services to meet its customers’ needs, such as Web hosting, domain name registration, Web mail, parental filters and virus scanning. Look’s 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: Michael Cytrynbaum Chairman Look Communications (514) 599?2629 michael@cytrynbaum.com

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