Issue of Equity-Replacement

MediaZest plc
19 September 2005


                         MediaZest Plc (the 'Company')
                                Issue of Equity


The following amends the 'Issue of Equity' announcement released today under RNS
number 4594R at 16:17.  The date in the original announcement referred to should
have been 26 August 2005 and not 26 August 2004.  All other details remain
unchanged and the full amended announcement appears below:-


Further to the announcement made by the Company 26 August 2005, the Board
announces that it has approved the issue of 9,117,647 shares in connection with
a successful fundraising of £2,000,000 (before expenses) and the acquisition of
Touch Vision Limited.

The new ordinary shares will rank pari passu with the existing ordinary shares.

Application has today been made for the new ordinary shares to be admitted to
AIM.

Dealings in the new ordinary shares are expected to commence on 23 September
2005.

The enlarged share capital of the Company following the above issue is
22,825,327.

End


                      This information is provided by RNS
            The company news service from the London Stock Exchange