Contract Update

21 January 2015

                                  mirada plc                                   

                                  (AIM: MIRA)                                  

                          ("mirada" or "the Company")                          

                                Contract Update                                

mirada plc, the AIM-quoted audio-visual interaction specialist, provides a
further update regarding the major contract announced on 19 May 2014.

Following the announcement dated 23 December 2014, the Company has been
informed by the Tier 1 customer that it now expects the commercial launch of
mirada's multiscreen product Iris on its first cable network to take place
during the month of February.

Although the commercial launch was originally scheduled to occur before
Christmas 2014, and then postponed to the first half of January 2015, the
Company has received notification that the Tier 1 customer has further extended
testing of its provisioning systems to avoid any potential issues on this
important launch. The customer, which remains focused on a timely roll out of
the product, has been successfully using the mirada Iris platform since Q4 2014
on a friends & family basis.

Further updates can be expected in due course.

 

                                     -END-                                     

Enquiries:

mirada plc                                                 [phone]
José Luis Vázquez, Chief Executive Officer                                     
                                                                               
Walbrook PR                                                [phone]
Nick Rome/Sam Allen                                                            
[e-mail]                                                          
                                                                               
Arden Partners plc (Nomad and Joint Broker)                [phone]
Steve Douglas (Corporate Finance)                                              
James Felix (Corporate Finance)                                                
Kam Bansil (Corporate Broking)                                                 
                                                                              

About mirada

mirada creates and manages services for digital TV platforms and broadcasters
which enable consumers to interact with and purchase digital content on
television, mobile, online and bespoke devices. mirada's products and solutions
are used worldwide to deliver interactive TV, Video on Demand, digital
marketing and payment services. Its products and services have been deployed by
some of the biggest names in digital media and broadcasting including Sky,
Virgin Media, BBC, ITV, France Telecom and Telefónica. Headquartered in London,
mirada has commercial offices across Europe and Latin America and operates
technical centres in the UK and Spain. For more information, visit 
www.mirada.tv.