Milestone Group PLC : Contract

MILESTONE GROUP PLC
("Milestone" or the "Company")

New music publishing contract signed through Nexstar

Milestone, the AIM quoted (AIM: MSG) provider of digital media and technology solutions announces that its joint venture partner in Nexstar, Black Cactus Holdings Limited, has signed a contract with music and media company Rock Solid Development Ltd to utilise the innovative music publishing platform, Backstage HD.

Further to the announcement made on 14March 2016, the platform provides a one-stop-shop technical solution for musicians, recording artists, independent labels and the music industry. Rock Solid will use the Backstage HD platform to help them manage and develop their stable of artists quickly and cost-effectively. The first artist to launch on the platform from Rock Solid is East London rapper, singer and producer Jammin.

Nexstar will receive a revenue share per transaction which includes sales of music, ticket sales and advertising revenue.

Deborah White, CEO of Milestone commented:
"This latest contract for the Nexstar JV is the start of an exciting new direction for the Company. The technology offered via Black Cactus provides Nexstar with the ability to offer artists a new simple multi channel marketing and distribution solution."

Keith Johnson, CEO of Rock Solid commented:
"This move ensures Rock Solid's relevance in an ever-changing market place. We now have the technology to give artists the global reach of a record label whilst maintaining their rights. This gives license for a new level of artist integrity, the music industry will never be the same again."

For further information:

Milestone Group plc		Tel: [phone]
Deborah White, Chief Executive
Cairn Financial Advisers LLP, Nominated Adviser		Tel: [phone]
Liam Murray
Hybridan LLP, Broker		Tel: [phone]
Claire Louise Noyce
Walbrook PR Limited, PR		Tel: [phone]
Gary Middleton / Paul Cornelius / Paul Whittington

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Source: Milestone Group PLC via Globenewswire

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