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LOOK ISSUED SUBORDINATE VOTING SHARES IN PAYMENT OF INTEREST ON OUTSTANDING DEBENTURES
Toronto and Montreal, January 4, 2006 – Look Communications Inc. (TSX Venture: LOK.MV and LOK.SV) announced today that it has issued and delivered 1,295,617 subordinate voting shares of Look in payment of $155,474.13 in interest due as of December 30, 2005 on $4,430,000 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. The debentures bear interest at a rate of 7% per year and mature in 2014. Interest on the debentures is due semi-annually (in arrears), on June 30 and December 30 of each year. This issuance of 1,295,617 subordinate voting shares of Look constitutes the fourth interest payment made on the debentures. The record date for this interest payment was December 15, 2005. The number of subordinate voting shares issued and delivered in payment of interest due was determined by Look in accordance with the provisions of the secured trust indenture dated January 30, 2004 pursuant to which the debentures were issued and which was subsequently amended on April 8, 2005. The debentures are direct obligations of Look and rank pari passu with all other subordinated, secured obligations of Look.
The 1,295,617 subordinate voting shares issued in payment of interest are subject to a hold period expiring on May 4, 2006. There are currently 58,244,936 multiple voting shares and 60,222,118 subordinate voting shares of Look issued and outstanding.
About Look Communications Inc. Look Communications’ mission is to be a Mobile Multi Media entertainment and information service provider in Ontario and Québec. The Company is developing a Mobile Multi Media 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 shares are listed on the TSX Venture Exchange under the symbols “lok.sv” and “lok.mv”.
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 of Look Communications Inc. (514) 599-2629 michael@cytrynbaum.com

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