Share Placing

16th February 2012 MediaZest Plc ("MediaZest" or the "Company"; AIM: MDZ) Share Placing MediaZest Plc ("MediaZest" or "the Company" or "the Group"; AIM: MDZ), the creative digital out-of-home advertising company and audio-visual integrator is pleased to announce a share placing (the "Placing") of 80,000,000 new ordinary shares of 0.1 pence each in the capital of the Company ("New Ordinary Shares") at a price of 0.20 pence per share. The gross proceeds of the Placing are £160,000 which will be used by the Company to provide additional working capital and fund the continued growth of the Company's operations. Hybridan LLP acted as broker to the placing. 10,000,000 of the New Ordinary Shares were taken up by the Directors as follows: Director No. of New No. of Ordinary % of issued share Ordinary Shares Shares held capital held following the following the Placing Placing Lance O'Neill, 5,000,000 11,638,666 3.55% Chairman James Abdool, 5,000,000 5,000,000 1.53% Sales Director The New Ordinary Shares which have been issued will represent approximately 24.4 per cent of the Company's enlarged issued share capital immediately following the Placing. Application will be made for the New Ordinary Shares to be admitted to trading on AIM. It is expected that Admission will be effective and that dealings in the shares will commence on Tuesday 21st February 2012. The New Ordinary Shares will rank pari passu with the existing Ordinary Shares. The Company's enlarged share capital immediately following the issue of the New Ordinary Shares and the Additional Ordinary Shares will be 327,625,327 Ordinary Shares. There are no shares held in Treasury. The figure of 327,625,327 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Disclosure and Transparency Rules. James Abdool, Lance O'Neill, both Directors of the Company and members of Lance O'Neill's family are participating in the placing, subscribing for, in aggregate, 17,500,000 ordinary shares. Their participation is deemed to be a related party transaction under the AIM Rules for Companies. Geoff Robertson, the independent director of the Company for the purposes of the transaction, having consulted with the Company's Nominated Adviser, Northland Capital Partners Limited, considers that the terms of the transaction are fair and reasonable so far as the shareholders of the Company are concerned. Contact: Geoff Robertson, Chief Executive Officer 020 7724 5680 MediaZest Plc Gavin Burnell / Rod Venables 020 7796 8826 Northland Capital Partners Limited (Nominated Adviser) Claire Noyce 020 7947 4350 Hybridan LLP (Broker)