Trading Update

19 May 2014 mirada plc ("mirada" or "the Company") Trading Update mirada plc, the AIM-quoted audio-visual interaction specialist (AIM: MIRA), ispleased to provide a trading update for the year ended 31 March 2014. Revenuesfor the second half were in line with those for the first half, slightly lessthan expectations due to the continued investment on the Latin American trial,but margins were stronger than anticipated and the Company expects to improvethe EBITDA and net results for the year as a whole. In the current financialyear to 31 March 2015, trading will benefit from the new contract announcedtoday. The beginning of the current calendar year has been positive as the Tier 1contract win, announced earlier today, highlights the strength of our productsand our ability to service increasingly large contracts. This will be veryuseful when negotiating with other potential customers, especially in LatinAmerica, where our iris-inspire proposition is already gaining strong momentum. Commenting, Jose Luis Vazquez, Chief Executive Officer, said: "This is an exciting period for the Company. Rates of new subscribers gainedare growing and we have seen a good momentum related to the upcoming World Cupin Brazil. "Team morale is high as winning the Tier 1 deal opens a wide range ofopportunities for the Company and we are focused on winning further similarsized contracts in time. We are very grateful for the continued support fromour employees, shareholders, partners and customers." -END- Enquiries: mirada plc +44 (0) 207 549 5678Jose Luis Vazquez, Chief Executive Officer Walbrook PR +44 (0) 207 933 8780Nick Rome/Sam [email protected] Cantor Fitzgerald Europe (Nominated Advisor & Broker) +44 (0) 207 894 7000Mark Percy (Corporate Finance)David Banks (Corporate Broking) Peterhouse Corporate Finance (Joint Broker) +44 (0) 207 469 0937Jon Levinson/Lucy Williams About mirada mirada creates and manages services for digital TV platforms and broadcasterswhich enable consumers to interact with and purchase digital content ontelevision, mobile, online and bespoke devices. mirada's products and solutionsare used worldwide to deliver interactive TV, Video on Demand, digitalmarketing and payment services. Its products and services have been deployed bysome of the biggest names in digital media and broadcasting including Sky,Virgin Media, BBC, ITV, France Telecom and Telefónica. Headquartered in London,mirada has commercial offices across Europe and Latin America and operatestechnical centres in the UK and Spain. For more information, visitwww.mirada.tv.