PRELIMINARY THIRD QUARTER RESULTS:

- Revenues decreased to $134.6 million vs. $142.1 million in Q3 2008,

a decrease of 5.3%

- Organic revenues declined 4.4% in Q3 2009

- MDC EBITDA increased to $17.7 million vs. $16.1 million in Q3 2008,

an increase of 9.9%

- Free Cash Flow increased to $13.8 million vs. $12.1 million in Q3

2008, an increase of 14.1%

- EBITDA margin increased to 14.8% vs. 12.3% in Q3 2008, an increase of

250 basis points

PRELIMINARY YEAR-TO-DATE RESULTS:

- Revenues decreased to $396.2 million vs. $439.9 million in the first

nine months of 2008, a decrease of 9.9%

- Organic revenues declined 7.9% in the first nine months of 2009

- MDC EBITDA increased to $46.5 million vs. $43.9 million in the first

nine months of 2008, an increase of 5.9%

- Free Cash Flow increased to $34.5 million vs. $23.7 million in the

first nine months of 2008, an increase of 45.6%

- EBITDA margin increased to 12.6% vs. 11.5% in the first nine months

of 2008, an increase of 110 basis points

The Company also reconfirmed its previously-issued financial guidance for 2009 of revenue equal to $545-$575 million, MDC EBITDA of $63-$65 million and Free Cash Flow of $37-$39 million.

Final Earnings Release and Conference Call

Management will issue its full earnings release for the period on Thursday, October 29, 2009 after the market close and will host a conference call on Friday, October 30, at 8:30 a.m. (EST) to discuss our final results.

About MDC Partners Inc.

MDC Partners is a progressive Marketing and Communications Network, championing the most innovative entrepreneurial talent. MDC Partners provides strategic solutions and services to multinational clients in North America, Europe and Latin America. Our philosophy emphasizes the utilization of Strategy and High Value Creativity to drive growth and measurable impact for our clients. "MDC Partners is The Place Where Great Talent Lives." The company's Class A shares are publicly traded on the NASDAQ under the symbol "MDCA" and on the Toronto Stock Exchange under the symbol "MDZ.A".

Non-GAAP Financial Measures

In addition to its reported results, MDC Partners has included in this earnings release certain financial results that the Securities and Exchange Commission defines as "non-GAAP financial measures." Management believes that such non-GAAP financial measures, when read in conjunction with the Company's reported results, can provide useful supplemental information for investors analyzing period to period comparisons of the Company's results. These non-GAAP financial measures relate to: (1) presenting MDC Partners' share of EBITDA and EBITDA margin (as defined) for the three and nine months ended September 30, 2009 and 2008; (2) presenting Free Cash Flow (as defined) for the three and nine months ended September 30, 2009 and 2008; and (3) presenting organic revenues for the three and nine months ended September 30, 2009. Included in this earnings release are tables reconciling MDC Partners' reported results to arrive at these non-GAAP financial measures.

This press release contains forward-looking statements. The Company's representatives may also make forward-looking statements orally from time to time. Statements in this press release that are not historical facts, including statements about the Company's beliefs and expectations, preliminary financial results for the three and nine months ended September 30, 2009, recent business and economic trends, potential acquisitions, estimates of amounts for deferred acquisition consideration and "put" option rights, constitute forward-looking statements. These statements are based on current plans, estimates and projections, and are subject to change based on a number of factors, including those outlined in this section. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update publicly any of them in light of new information or future events, if any.

Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward- looking statements.