Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi                                
                                                                               
1. Identity of the issuer or the                   MEDIAZEST PLC               
underlying issuer                                                              
of existing shares to which voting                                             
rights are                                                                     
attached: ii                                                                   
                                                                               
2 Reason for the notification (please tick the appropriate box or boxes):      
                                                                               
An acquisition or disposal of voting rights                                    
                                                                               
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                                      PLACING      
specify):                                                                      
                                                                               
3. Full name of person(s) subject          SCHWECO NOMINEES LIMITED            
to the                                                                         
notification obligation: iii                                                   
                                                                               
4. Full name of shareholder(s)                                                 
(if different from 3.):iv                                                      
                                                                               
5. Date of the transaction and                     04/03/11                    
date on                                                                        
which the threshold is crossed or                                              
reached: v                                                                     
                                                                               
6. Date on which issuer notified:                  07/03/11                    
                                                                               
7. Threshold(s) that is/are                         20.00%                     
crossed or                                                                     
reached: vi, vii                                                               

95279429527942

8. Notified details:                                                             
                                                                                 
A: Voting rights attached to shares viii, ix                                     
                                                                                 
Class/type   Situation previous    Resulting situation after the triggering      
of           to the triggering     transaction                                   
shares       transaction                                                         
                                                                                 
             Number    Number      Number    Number of voting  % of voting rights
if possible  of        of          of shares rights            x                 
using        Shares    Voting                                                    
the ISIN               Rights      Direct    Direct   Indirect Direct   Indirect 
CODE                                         xi       xii                        
                                                                                 
GB00B064NT52                       50437042  50437042          20.30%            
                                                                                 
B: Qualifying Financial Instruments                                              
                                                                                 
Resulting situation after the triggering transaction                             
                                                                                 
Type of financial Expiration Exercise/           Number of voting  % of voting   
instrument        date xiii  Conversion Period   rights that may   rights        
                             xiv                 be                              
                                                 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 voting    % of voting     
financial     price    date xvii  Conversion rights instrument   rights xix, xx  
instrument                        period     refers to                           
                                  xviii                                          
                                                                                 
                                                                 Nominal    Delta
                                                                                 
Total (A+B+C)                                                                    
                                                                                 
Number of voting rights                 Percentage of voting rights              
                                                                                 
50437042                                20.30%                                   

9. Chain of controlled undertakings through which the voting rights and/or the 
financial instruments are effectively held, if applicable: xxi                 
                                                                               
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:                                                                 
                                                                               
                                                                               
13. Additional information:          SCHWECO NOMINEES HOLD16.7% on behalf of Mr
                                                                       N Slater
                                                                               
                                     and an add 3.6% on behalf of other clients
                                                                               
4. Contact name:                                                  ANDREW PETTER
                                                                               
15. Contact telephone number:                                     020 7490 5000

Note: Annex should only be submitted to the FSA not the issuer                 
                                                                               
Annex: Notification of major interests in sharesxxii                           
                                                                               
A: Identity of the persons or legal entity subject to the notification         
obligation                                                                     
                                                                               
Full name                                                                      
                                                                               
(including legal form of legal                                                 
entities)                                                                      
                                                                               
Contact address                                                                
                                                                               
(registered office for legal                                                   
entities)                                                                      
                                                                               
Phone number & email                                                           
                                                                               
Other useful information                                                       
                                                                               
(at least legal representative for                                             
legal persons)                                                                 
                                                                               
B: Identity of the notifier, if applicable                                     
                                                                               
Full name                                                                      
                                                                               
Contact address                                                                
                                                                               
Phone number & email                                                           
                                                                               
Other useful information                                                       
                                                                               
(e.g. functional relationship with                                             
the person or legal entity subject to                                          
the notification obligation)                                                   
                                                                               
C: Additional information                                                      
                                                                               
For notes on how to complete form TR-1 please see the FSA website.