MediaZest Raises 400K

Adrian J Cotterill, Editor-in-Chief

MediaZest Plc (AIM:MDZ) the creative digital out-of-home advertising company and audio-visual integrator, announced a share placing of 80,000,000 new ordinary shares of 0.1 pence each in the capital of the Company (“New Ordinary Shares”) at a price of 0.55 pence per share this week.

The gross proceeds of the Placing are GBP 440,000 which will be used by the Company to provide additional working capital and to finance the continued growth of the Company’s existing operations.

1,454,545 of the New Ordinary Shares were taken up by the Chairman, Lance O’Neill, a Director of the Company.

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