(MDZ.L) MediaZest PLC Buy/Sell

MEDIAZEST PLC

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of
existing shares to which voting rights are attached: MEDIAZEST PLC

2. Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights: YES

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments: An event changing the breakdown of voting rights:
Other (please specify): PLACING

3. Full name of person(s) subject to the notification SCHWEW NOMINEES LTD

obligation:
4. Full name of shareholder(s) (if different from 3.): AS ABOVE

5. Date of the transaction and date on which the threshold is 25/08/2009

crossed or reached:
6. Date on which issuer notified: 01/09/2009

7. Threshold(s) that is/are crossed or reached:i 12%

8. Notified details: A: Voting rights attached to shares
Class/type Situation previous
of to the triggering Resulting situation after the triggering
shares transaction transaction

if possible Number Number of voting % of voting
using Number Number of shares rights rights
the ISIN of of
CODE Shares Voting
Rights Direct Direct Indirect Direct Indirect

ORDINARY 2,372,942 2,372,942 12,372,942 12,372,942 n/a 12.03% n/a

SHARES GB00B064NT52

B: Qualifying Financial Instruments Resulting situation after the triggering transaction
Type of Expiration Exercise / Number of voting % of voting
financial date Conversion Period rights that may be rights
instrument acquired if the
instrument is
exercised/
converted

n/a Total (A + B)
Number of voting rights Percentage of voting rights

12,372,942 12.03

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
Number of voting rights % of voting rights

Beneficial owners:
NICK SLATER 11,227,942 10.92
MRS R. SLATER 1,145,000 1.11

Proxy Voting:
10. Name of the proxy holder: n/a

11. Number of voting rights proxy holder will cease to hold: n/a

12. Date on which proxy holder will cease to hold voting rights: n/a

13. Additional information: n/a

14. Contact name: A. PETTER

15. Contact telephone number: 020 7490 5000

END