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)