Issue of Equity

19 December 2012

                                 MediaZest Plc                                 

                                Issue of Equity                                

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 placing of 149,166,900 new ordinary shares of 0.1
pence each in the capital of the Company ("New Ordinary Shares") at a price of
0.12 pence per share (the "Placing").

The gross proceeds of the Placing are £179,000 which will be used by the
Company to provide additional working capital and fund the continued growth of
the Company's operations.

16,666,700 of the New Ordinary Shares were taken up by the Directors of the
Company or its subsidiary as follows:

Director            No. of New Ordinary   No. of Ordinary    % of issued share 
                          Shares            Shares held        capital held    
                                           following the       following the   
                                              Placing             Placing      
                                                                               
Lance O'Neill           10,000,000*        22,643,177**            4.75%       
                                                                               
James Abdool             4,166,700          11,984,882             2.51%       
                                                                               
Jim Ofield               2,500,000           4,500,000             0.94%       

* includes 5 million shares subscribed by Hilary O'Neill, the wife of Lance
O'Neill

**includes the interest of Hilary O'Neill

City & Claremont Capital Assets Ltd ("CCCA") has subscribed for 41,666,700 New
Ordinary Shares and now holds 112,616,700 ordinary shares in the Company
equating to 23.62 per cent. of the issued share capital.

The New Ordinary Shares will represent approximately 31.28 per cent. of the
Company's enlarged issued share capital immediately following the Placing.

Application has been 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 24 December 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 will be 476,792,227 Ordinary Shares. There are no shares held
in Treasury. The figure of 476,792,227 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.

The participation in the Placing by James Abdool, Lance O'Neill, Jim Ofield and
CCCA 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
related party transaction are fair and reasonable so far as the shareholders of
the Company are concerned.

Enquiries:

Geoff Robertson
Chief Executive Officer
MediaZest Plc 020 7724 5680

Gavin Burnell / Edward Hutton
Nominated Adviser
Northland Capital Partners Limited 020 7796 8800

Claire Noyce / Deepak Reddy
Broker
Hybridan LLP 020 7947 4350