Revised Loan & Related Party Transaction

zamano plc

20 December 2012

zamano plc ("zamano" or the "Company") - Revised Loan Arrangement and Related Party Transaction

zamano, a leading provider of interactive applications and services to mobile devices, is pleased to announce that Pageant Holdings Limited ("Pageant") has acquired its existing bank loans of €4,053,000 from Bank of Scotland (Ireland) Limited.

Key terms of the Revised Loan

The terms agreed in respect of the loans acquired by Pageant ("the Revised Loan") include a reduction in the loan amount to €2,076,000 which shall be repayable as follows:

·; a repayment of €1,038,000 by the Company immediately upon the acquisition of the Revised Loan;

·; a capital repayment schedule under which the Company will be required to make repayments on the basis of certain monthly cashflows; and

·; an obligation on the Company to repay the balance of the Revised Loan together with an additional amount of €259,500 no later than 20 June 2014.

An arrangement fee of €100,000 is payable in respect of the Revised Loan, €54,000 of which shall be payable immediately upon acquisition of the Revised Loan by Pageant and €46,000 of which shall be payable no later than 20 June 2014.

If an aggregate amount of at least €800,000 of the Revised Loan has not been repaid by 30 June 2013, an additional return of 5% per annum shall be payable on any shortfall. Additionally, if an aggregate amount of at least €1,295,000 has not been repaid by 31 December 2013, a further return equal to 5% per annum shall be payable on any shortfall.

Conclusion

Pageant holds 26.12% of the issued ordinary share capital of the Company, and Peter Furlong, a director of the Company is a director of Pageant and accordingly, Pageant is a related party of the Company for the purposes of Rule 13 of both the AIM Rules of the London Stock Exchange and the ESM Rules of the Irish Stock Exchange. In addition, Nick Furlong, a director of Pageant has a beneficial interest in an additional 1,833,472 ordinary shares in the Company.

The Independent Directors of the Company, having consulted with both its ESM Adviser (NCB Corporate Finance) and its Nominated AIM Adviser (Cenkos Securities), believes that the terms of the Revised Loan are fair and reasonable insofar as the shareholders of the Company are concerned.

zamano plc

Pat Landy, Chief Executive Officer

Michael Connolly, Company Secretary

Tel: +353 1 554 7200

NCB Corporate Finance

Conor McCarthy / Shane Lawlor

Tel: +353 1 611 5611

Cenkos Securities

Jon Fitzpatrick

Tel: +44 (0) 20 7397 8900

Alan Stewart

Tel: +44 (0)131 200 6939

Neil McDonald

Tel: +44 (0)131 220 9771