Holding(s) in Company

For filings with the FCA include the annex                                              
                                                                                        
For filings with issuer exclude the annex                                               
                                                                                        
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi                                         
                                                                                        
                                                                                        
1. Identity of the issuer or the underlying issuer                                      
of existing shares to which voting rights are                              MEDIAZEST PLC
attached:ii                                                                             
                                                                                        
2. Reason for the notification (please tick the appropriate box or boxes):               
                                                                                        
An acquisition or disposal of voting rights                                            X
                                                                                        
An acquisition or disposal of qualifying financial instruments which may result         
in the acquisition of shares already issued to which voting rights are attached         
                                                                                        
An acquisition or disposal of instruments with similar economic effect to               
qualifying financial instruments                                                        
                                                                                        
An event changing the breakdown of voting rights                                       X
                                                                                        
Other (please specify):                                                                 
                                                                                        
3. Full name of person(s) subject to the                          HARGREAVE HALE LIMITED
notification obligation:iii                                                             
                                                                                        
4. Full name of shareholder(s)                                    DISCRETIONARY CLIENTS 
 (if different from 3.):iv                                                              
                                                                                        
5. Date of the transaction and date on                                                  
which the threshold is crossed or                                    02 JANUARY 2014    
reached: v                                                                              
                                                                                        
6. Date on which issuer notified:                                    03 JANUARY 2014    
                                                                                        
7. Threshold(s) that is/are crossed or                                      5%          
reached: vi, vii                                                                        
                                                                                        

8. Notified details:                                                                              
                                                                                                  
A: Voting rights attached to shares viii, ix                                                      
                                                                                                  
Class/type   Situation                  Resulting situation after the triggering transaction      
of           previous                                                                             
shares       to the triggering                                                                    
             transaction                                                                          
                                                                                                  
if possible  Number      Number         Number            Number of voting   % of  voting rights x
using        of          of             of shares         rights                                  
the ISIN     Shares      Voting                                                                   
CODE                     Rights         Direct Indirect   Direct Indirect    Direct  Indirect     
                                                          xi     xii                              
                                                                                                  
GB00B064NT52                                                                                      
             13,000      13,000                75,013,000        75,013,000          7.7968%      
                                                                                                  
                                                                                                  
                                                                                                  
B: Qualifying Financial Instruments                                                               
                                                                                                  
Resulting situation after the triggering transaction                                              
                                                                                                  
Type of          Expiration       Exercise/              Number of voting    % of voting          
financial        date xiii        Conversion Period      rights that may be  rights               
instrument                        xiv                    acquired if the                          
                                                         instrument is                            
                                                         exercised/                               
                                                         converted.                               
                                                                                                  
                                                                                                  
                                                                                                  
                                                                                                  
C: Financial Instruments with similar economic effect to Qualifying Financial                     
Instruments xv, xvi                                                                               
                                                                                                  
Resulting situation after the triggering transaction                                              
                                                                                                  
Type of        Exercise     Expiration      Exercise/   Number of      % of voting rights xix, xx 
financial      price        date xvii       Conversion  voting rights                             
instrument                                  period      instrument                                
                                            xviii       refers to                                 
                                                                                                  
                                                                       Nominal         Delta      
                                                                                                  
                                                                                                  
                                                                                                  
                                                                                                  
Total (A+B+C)                                                                                     
                                                                                                  
Number of voting rights                          Percentage of voting rights                      
                                                                                                  
75,013,000                                       7.7968%                                                 
                                                                                                  



9. Chain of controlled undertakings through which the voting rights and/or the          
financial instruments are effectively held, if applicable: xxi                          
                                                                                        
75,000,000 of these shares are held in a unit trust operated by Marlborough             
Fund Managers Ltd for whom Hargreave Hale Ltd manages the portfolio of                  
investments on a discretionary basis. The remaining balance is held on behalf           
of other discretionary clients.                                                         
                                                                                        
                                                                                        
                                                                                        
Proxy Voting:                                                                           
                                                                                        
10. Name of the proxy holder:                                                           
                                                                                        
11. Number of voting rights proxy holder will cease                                     
to hold:                                                                                
                                                                                        
12. Date on which proxy holder will cease to hold                                       
voting rights:                                                                          
                                                                                        
                                                                                        
                                                                                        
                              The change in the percentage held is mostly due to        
13. Additional information:   participation in the placing by Mediazest Plc, the shares 
                              from which were admitted to AIM on 02/01/2014.            
                                                                                        
14. Contact name:             David Clueit                                              
                                                                                        
15. Contact telephone number: 01253 754739