Greensleeves Acquisition

Zest Group PLC
31 March 2006

31 March 2006

                        Zest Group plc (AIM: ZEST)



                  Acquisition of Greensleeves Records Limited

               Re-admission of Ordinary Shares to trading on AIM



Zest Group plc ('Zest' or 'the Company') announces the re-admission of its
Ordinary Shares to trading on AIM today following the acquisition of
Greensleeves Records Limited ('Greensleeves') an established, independent record
label and music publisher which specialises in reggae music.



Key Points:



•             A total of  173,619,050 Ordinary Shares were admitted to trading,
giving a market capitalisation at the Placing Price of £5,208,572.



•             Zest was admitted to AIM in March 2005 as a music production
company, record label and music publisher.



•             At an extraordinary general meeting held on 30 March 2006, all
resolutions were passed, including approval of  the acquisition of Greensleeves
Records Limited, and the Placing of 83,333,334 Ordinary Shares at 3p per share.



•             Greensleeves is based in the UK, has a promotions office in New
York and has an established presence in a number of the specialist reggae
markets throughout the world and, in particular, the UK, the USA, Japan, France,
Germany, Benelux, Canada and Scandinavia.



•             The Company's Nominated Adviser and Broker is W.H. Ireland
Limited.



Greensleeves has a comprehensive reggae back catalogue from the 1980s onwards.
It owns approximately 400 albums and 900 singles on its label and is currently
releasing between 15 and 20 new albums per year and intends to continue its
re-issue programme



Greensleeves currently has 29 writers under contract and owns or administers the
copyright in over 18,000 reggae titles.



In 2004 one of Greensleeves' former writers, Stephen Marsden, won the coveted
ASCAP (American Society of Composers and Performers) Award for most performed
song of the year in the United States of America with the song 'Get Busy' as
well as two further most performed song awards for 'Never Leave You (Uh Oh Uh
Oh)' and 'No Letting Go' which were all written whilst under contract with
Greensleeves.



Steve Weltman, Chief Executive of Zest, commented:



'The acquisition of Greensleeves will make Zest one of the largest independent
reggae publishers and record labels in Europe and we believe that it should
enable us to achieve immediate profitability.'



Enquiries:



Steve Weltman, Chief Executive
Zest Group plc                                                tel: [phone]
John Bick                                                     tel: [phone]

Tim Cofman/ Ruth Gifford                                      tel: [phone]
W.H. Ireland Limited





The information contained herein is restricted and is not for release or
distribution in or into the United States of America, Canada, Australia, the
Republic of South Africa, the Republic of Ireland or Japan.



This press release has been issued by Zest Group plc and is the sole
responsibility of Zest Group plc and has been approved for the purposes of
Section 21 of the Financial Services and Markets Act 2000 by W.H. Ireland
Limited ('W.H. Ireland') of 11 St James's Square, Manchester, M2 6WH. W.H.
Ireland, which is regulated by the Financial Services Authority, is acting as
the nominated adviser for Zest Group plc and will not be responsible to any
other person for providing the protections afforded to clients by W.H. Ireland
or for providing advice regarding the Placing.



This document does not constitute an offer or invitation to purchase or
subscribe for any securities of Zest Group plc and should not be relied on in
connection with any decision to purchase or subscribe for any such securities.
The securities referred to herein have not been nor will be registered under the
United States Securities Act of 1933 (as amended) nor under the securities
legislation of any state of the United States of America or of any province or
territory of Canada, Australia, the Republic of South Africa, the Republic of
Ireland or Japan or in any country, territory or possession where to do so may
contravene local securities law or regulations.  Accordingly, these securities
may not, subject to certain exceptions, be offered or sold directly or
indirectly in or into the United States of America, Canada, Australia, the
Republic of South Africa, the Republic of Ireland or Japan or to any national,
citizen or resident of the United States of America, Canada, Australia, the
Republic of South Africa, the Republic of Ireland or Japan.




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