Holding(s) in Company

MEDIAZEST PLC                                 

                             HOLDING(S) IN COMPANY                             


TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES                                        
                                                                                  

1. Identity of the issuer or the underlying issuer of 
existing shares to which voting rights are attached:                     MEDIAZEST PLC

2. Reason for the notification (please tick the appropriate box or boxes):             
                                                                                      
An acquisition or disposal of voting rights:                                       YES
                                                                                      
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:                                     
                                                                                      
Other (please specify):                                                        PLACING                 
                                                                                      
3. Full name of person(s) subject to the notification              SCHWEW NOMINEES LTD 
obligation:                                                                          
                                                                                      
4. Full name of shareholder(s) (if different from 3.):                        AS ABOVE
                                                                                      
5. Date of the transaction and date on which the threshold is               25/08/2009
crossed or reached:                                                                   
                                                                                      
6. Date on which issuer notified:                                           01/09/2009
                                                                                      
7. Threshold(s) that is/are crossed or reached:i                                   12%
                                                                                      
8. Notified details:                                                              
                                                                                  
A: Voting rights attached to shares                                               
                                                                                  
Class/type    Situation previous                                                  
of             to the triggering          Resulting situation after the triggering
shares               transaction                                       transaction
                                                                                  
                                                                                  
if possible                          Number       Number of voting     % of voting
using           Number    Number  of shares                 rights          rights
the ISIN            of        of                                                  
CODE            Shares    Voting                                                  
                          Rights     Direct        Direct Indirect Direct Indirect
                                                                                  
ORDINARY     2,372,942 2,372,942 12,372,942    12,372,942      n/a 12.03%      n/a
SHARES                                                                                                                   GB00B064NT52                                                                      
                                                                                 
B: Qualifying Financial Instruments                                               
                                                                                  
Resulting situation after the triggering transaction                              
                                                                                  
Type of          Expiration          Exercise /     Number of voting   % of voting
financial              date   Conversion Period   rights that may be        rights
instrument                                           acquired if the              
                                                       instrument is              
                                                          exercised/              
                                                           converted              
                                                                                  
n/a                                                                               
                                                                                 
Total (A + B)                                                                       
                                                                                  
Number of voting rights                    Percentage of voting rights            
                                                                                  
12,372,942                                 12.03                                  
                                                                                  
9. Chain of controlled undertakings through which the voting rights and/or the     
financial instruments are effectively held, if applicable:                         
                                                                                   
                                        Number of voting rights % of  voting rights
Beneficial owners:                                                                 
                                                                                   
NICK SLATER                                          11,227,942               10.92
MRS R. SLATER                                         1,145,000                1.11
                                                                                   
Proxy Voting:                                                                      
                                                                                   
10. Name of the proxy holder:                                                   n/a
                                                                                   
11. Number of voting rights proxy holder will cease to hold:                    n/a
                                                                                   
12. Date on which proxy holder will cease to hold voting rights:                n/a
                                                                         
13. Additional information:                                                     n/a
                                                                                   
14. Contact name:                                                         A. PETTER
                                                                                   
15. Contact telephone number:                                         020 7490 5000