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Press Release

MDC Partners Hosts Conference Call to Discuss Recent Company Developments

TORONTO, Ontario (January 29, 2004) MDC Partners Inc. (“MDC”) of Toronto will conduct a conference call, with media and the investment community on February 2, to discuss the Company’s recent developments. Participating will be Miles Nadal, Chuck Porter, Richard Kirshenbaum, and Jon Bond. The conference call will begin at 4:00pm EST, and will be accessible by dialing 416-640-4127 or Toll Free 1-800-796-7558. Please ask the operator for the “MDC Conference with Miles S. Nadal.” To ensure proper connection, it is advised to call ten minutes prior to start time. The call will be webcast on MDC’s website.

About MDC Partners Inc.

MDC Partners is one of the world’s leading marketing communications firms. Through its partnership of entrepreneurial firms, including Crispin Porter + Bogusky, Margeotes/Fertitta + Partners and kirshenbaum bond + partners, MDC provides advertising and specialized communication services to leading brands throughout the United States, Canada and the United Kingdom. MDC Class A shares are publicly traded on the Toronto Stock Exchange under the symbol MDZ and on the NASDAQ under the symbol MDCA.

This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve risks and uncertainties which may cause the actual results or objectives to be materially different from those expressed or implied by such forward-looking statements. Such factors include, among other things, the Company’s financial performance; changes in the competitive environment; adverse changes in the economy; ability to maintain long-term relationships with customers; financing requirements and other factors set forth in the Company’s Form 40-F for its fiscal year ended December 31, 2002 and subsequent SEC filings.