Acquisition

MediaZest plc
26 August 2005

                         MediaZest Plc (the 'Company')
  Acquisition of Touch Vision Limited ('Touch Vision'), placing and notice of
                         Extraordinary General Meeting

Introduction

The Board of the Company announces that it has reached agreement on the proposed
acquisition of Touch Vision, a wholly owned subsidiary of Touch Group Plc.

Furthermore, the Company announces that it has, conditional on the acquisition,
placed 4,705,883 shares at 42.5p, raising £2,000,000 before expenses.

The Company has convened an EGM for 19 September 2005.

A circular has been posted to shareholders outlining details of the above.

Terms of the acquisition

The Company has agreed to acquire the entire issued share capital of Touch
Vision for a consideration of up to £3,000,000 comprising of £700,000 of cash
and £1,875,000 of shares in MediaZest on completion and an additional £375,000
of deferred consideration conditional on the pre tax profits of Touch Vision for
the 12-month period ending 31 December 2005.

The agreement is conditional on the approval of the Company's shareholders.

Placing

The Company proposes to issue 4,705,883 placing shares at 42.5 pence, which will
raise in aggregate £2,000,000 for the Company (before expenses).  The net
proceeds of the placing will be used to satisfy part of the consideration for
the acquisition of Touch and to provide additional working capital for the
enlarged group.

Extraordinary General Meeting

A notice has been sent to shareholders of the Company convening an Extraordinary
General Meeting to be held on 19 September 2005, at which amongst other things
shareholders will be asked to approve the acquisition.


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