Issue of Equity

MediaZest plc
19 September 2005

                         MediaZest Plc (the 'Company')

                                Issue of Equity


Further to the announcement made by the Company 26 August 2004, 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


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