Announcement re. Amended Bank Facility Letter

zamano plc

4 January 2011

zamano plc ("zamano" or the "Company") - Amended Bank Facility Letter

zamano plc, a leading provider of interactive applications and services to mobile devices, is pleased to announce that the Company has agreed the terms of an amended loan facility letter with Bank of Scotland (Ireland) Limited (the "Bank") (the "Amended Facility Letter"). The Amended Facility Letter amends certain terms of the facility letter between the Company and the Bank dated 23 November 2007 and, inter alia, contains a waiver of the covenant test as at 31 December 2010, updated covenants (including new quarterly covenant tests) and a revised capital repayment schedule which reflect the current trading of the Company.

The revised capital repayment schedule is as follows:

The capital repayment scheduled for the financial year ended 31 December 2013 above includes an amount of €250,000 in relation to an exit fee for the Bank which has been agreed in consideration for the Bank entering into the Amended Facility Letter. The Bank has also reserved the right to increase the amount of the scheduled capital repayments in the event that the financial performance of the group exceeds the Bank's expectation. In addition, the Amended Facility Letter prohibits the Company from paying a dividend to shareholders except with the consent of the Bank. The Amended Facility Letter will become effective upon the satisfaction of certain conditions precedent, which is expected to occur on or before 15 January 2011.

The Board believes that the Amended Facility Letter provides the Company with the flexibility and investment capacity required to pursue its strategy.

Contacts

zamano

John O'Shea (CEO) Tel: +353 1 488 5820

NCB Corporate Finance

Conor McCarthy Tel: +353 1 611 5611

Shane Lawlor

Cenkos Securities

Jon Fitzpatrick Tel: +44 (0) 131 220 9773

Ken Fleming Tel: +44 (0) 131 220 9772

ENDS