Grant of Options

MediaZest plc
22 June 2006


                        MediaZest Plc (the 'Company')
                             Grant of Options



The Board of the Company announces that on 22nd June 2006, it granted the 
following options to subscribe for new ordinary shares in the Company to certain 
Directors as follows:



Director                    Number                   Exercise price            Exercise period

Sean Reel                  266,667                   15p                       3 years
Christopher Theis          233,333                   15p                       3 years
Lance O'Neill               66,667                   15p                       3 years
Geoffrey Robertson         133,333                   15p                       3 years


In addition, a further 533,333 new options have been granted to employees of the
Company on the same terms.

Following the above grants, a total of 1,233,333 options have been granted,
representing approximately 5.4% of the Company's present issued ordinary share
capital.

The current issued share capital of the Company is 22,825,327 shares with a
nominal value of 10 pence each.



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