Admission to AIM

Zest Group PLC
24 March 2005


Zest Group plc

24 March 2005

                                 Zest Group plc

                           First Day Dealings on AIM


Zest Group plc ('the Company') announces the admission of its Ordinary Shares to
trading on AIM.

Key Points

  • The Company's shares begin trading on AIM today.

  • A total of 73,666,668 Ordinary Shares are being admitted to trading,
    giving a market capitalisation of £2.21 million at the placing price of 3p
    per share.

  • Placees are committed to subscribe for a further 8,285,714 new Ordinary
    Shares at a price of 7p per share in a second fundraising following
    notification from the Company, but before 28 February 2006.

  • The Company believes recent changes in the music industry have increased
    the opportunities for the acquisition of music publishing catalogues,
    production companies and independent record labels and for the signing of
    existing mid-level artists and procurement of new talented artists.

  • The Company has acquired certain recording and publishing rights and is in
    the course of recording an album for a new female artist which is expected
    to be launched later this year.  In addition the Company has agreed to
    acquire copyrights and master recordings in respect of an established reggae
    artist, together with options for his next four albums.

  • The Company's Nominated Adviser and Broker is W.H. Ireland Limited.

Steve Weltman, the Company's Chief Executive, commented:

'As corporate record labels and their music publishing divisions continue to
undergo consolidation, we believe we have a significant opportunity to acquire
publishing catalogues, production companies and independent record labels and to
procure both mid-level artists who are struggling to retain their positions with
larger companies and new talented artists who are being ignored by the large
corporates.  Admission of the Company's shares to AIM will now afford us the
opportunity to develop the business and to begin to realise its potential.'


Enquiries:


Zest Group plc:               Steve Weltman: telephone [phone] 
W.H. Ireland Limited:         Ruth Gifford/Tim Cofman: telephone [phone]

The information contained herein is restricted and is not for release or
distribution in or into the United States of America, Canada, Australia, the
Republic of South Africa, the Republic of Ireland or Japan.

This press release has been issued by Zest Group plc and is the sole
responsibility of Zest Group plc and has been approved for the purposes of
Section 21 of the Financial Services and Markets Act 2000 by W.H. Ireland
Limited ('W.H. Ireland') of 11 St James's Square, Manchester, M2 6WH.  W.H.
Ireland, which is regulated by the Financial Services Authority, is acting as
the nominated adviser for Zest Group plc and will not be responsible to any
other person for providing the protections afforded to clients by W.H. Ireland
or for providing advice regarding the Placing.



                      This information is provided by RNS
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