Radio Unica Communications Corp. Makes $9.3 Million Interest Payment.

Radio Unica Communications Corp. announced that it has paid the $9,287,670 interest payment with respect to its 11-3/4% Senior Discount Notes due 2006 issued under an Indenture dated July 27, 1998.

Under the Indenture pursuant to which the Senior Discount Notes were issued, the Company had until March 3, 2003 to make such interest payment before an event of default would occur. The Company is presently in discussions with representatives of the holders of the notes. The Company expects to report results for the year ended December 31, 2002 on or before March 27, 2003.

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