MediaZest Plc                                 

                   ("MediaZest", the "Company" or "Group"; AIM: MDZ)               

                                    Trading update                                 

    MediaZest, the creative audio-visual company, is pleased to provide
    shareholders with an update in respect of ongoing and new business.

    The Group ended calendar year 2015, Q3 FY15/16, in positive fashion with
    several large high profile projects completing in December.

    The unaudited financial results for the quarter were reflective, with
    management accounts confirming revenue generated in excess of £1million and
    positive EBITDA of £74,000 with a corresponding net profit of £29,000.

    Combined with first half unaudited results, this equates to year to date
    figures as at 31 December 2015 of £2.64million revenue, positive EBITDA of £
    82,000 and net loss reducing to £31,000.

    Revenue, and therefore results for the final quarter of the year, Q4 FY15/16,
    are difficult to forecast at present due to several projects on which the
    Company is currently negotiating, potentially falling outside the year end cut
    off date of 31 March 2016.

    The Board also notes that, at year end, an accounting adjustment will need to
    be charged to the profit and loss account under IFRS2 as a result of the
    Employee Share Option Scheme which was implemented during the current financial
    year. Whilst this item does not have any cash implications, it will adversely
    affect the year end result. This amount will be calculated in consultation with
    the Group's auditors as part of the 31 March 2016 year end audit process,
    scheduled to take place in the summer of 2016.

    Notwithstanding the above, the Group is on target to deliver its best revenue
    figures since 2008 and its best ever financial result at both adjusted EBITDA
    and retained profit levels.

    New projects continue to be won with the likes of Hyundai, Adidas, Kuoni and
    several other existing clients as well as with new customers including Estee
    Lauder and Mamas & Papas.

    Enquiries:

    Geoff Robertson

    Chief Executive Officer

    MediaZest Plc                                          0845 207 9378

    Edward Hutton / David Hignell

    Nominated Adviser

    Northland Capital Partners Limited          020 7382 1100

    Claire Noyce / William Lynne / Niall Pearson

    Broker

    Hybridan LLP                                            020 3764 2341/ 2343

    Notes to Editors:

    About MediaZest

    MediaZest is a creative media agency and audio visual systems integrator that
    specialises in providing innovative marketing solutions to leading retailers,
    brand owners and corporations, but also works in the public sector in both the
    NHS and Education markets. The Group supplies an integrated service from
    content creation and system design to installation, technical support and
    maintenance. MediaZest was admitted to the London Stock Exchange's AIM market
    in February 2005. For more information, please visit www.mediazest.com