Proposed Placing

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY ORINDIRECTLY, IN, INTO OR FROM THE UNITED STATES, JAPAN, CANADA, AUSTRALIA, THEREPUBLIC OF SOUTH AFRICA OR THE REPUBLIC OF IRELAND OR ANY OTHER JURISDICTIONWHERE TO DO SO WOULD CONSTITUTE A BREACH OF THE RELEVANT SECURITIES LAWS OFSUCH JURISDICTION. 17 December 2014 MediaZest Plc ("MediaZest", the "Company" or "Group"; AIM: MDZ) Proposed £438,000 Placing MediaZest, the creative digital out-of-home media and innovative marketingsolutions company, is pleased to announce that it has conditionally raised £438,000 (before expenses) through a placing of 125,142,900 new Ordinary Shareswith existing and new institutional investors arranged by Hybridan LLP at aprice of 0.35p per Ordinary Share. The Placing Price represents an approximate5 per cent. discount to the closing mid-market price of 0.37p per OrdinaryShare on 16 December 2014 (being the Business Day before the announcement ofthe proposed Placing). The Placing Shares will represent approximately 12 per cent. of the EnlargedShare Capital. Interim results The Company will release its interim results for the period ended 30 September2014 by the end of the year. Turnover and loss after taxation are expected tobe similar to the prior comparable period. Conditionality and Admission to AIM The Placing is conditional, inter alia, on the Company obtaining approval fromShareholders to grant the Directors the authority to allot the Placing Sharesand to dis-apply pre-emption rights, and on admission of the Placing Shares totrading on AIM. A circular convening a General Meeting to be held at 11.00 a.m. on 8 January2015 will be sent to Shareholders on or before 22nd December. Application willbe made to the London Stock Exchange for the Placing Shares to be admitted totrading on AIM ("Admission"). It is expected that Admission will becomeeffective at 8.00 a.m. on 9 January 2015. Lance O'Neill, MediaZest Chairman, commented: "The Company is very pleased at the support it has received from both new andexisting shareholders which is testament to the progress that MediaZest hasmade. The recent launch of our own Retail Analytics product has been very wellreceived, with the first client location already deployed. The funds raisedfrom the Placing will enable us to further develop this product, and pursueother opportunities to roll it out with major retailers and also enable us tobuild upon recent new business gains. The Retail Analytics product and ourstrategy of focussing on high profile clients is already enabling us tosupplement existing recurring revenues." Enquiries: Geoff Robertson 020 7724 5680Chief Executive OfficerMediaZest Plc Gavin Burnell / Edward Hutton 020 7382 1100Nominated AdviserNorthland Capital Partners Limited Claire Noyce 020 3713 4581/ William Lynne 020 3713 4582Niall Pearson 020 3713 4583BrokerHybridan LLP Notes to Editors: MediaZest is a creative media agency and audio visual systems integrator thatspecialises in providing innovative marketing solutions to leading retailers,brand owners and corporations, but also works in the public sector in both theNHS and Education markets. The Group supplies an integrated service fromcontent creation and system design to installation, technical support andmaintenance. MediaZest was admitted to the London Stock Exchange's AIM marketin February 2005. For more information, please visit www.mediazest.com