REG-MediaZest Plc: Incorporation of EU Subsidiary and new business update

MediazestAnnouncement

16/01/2023 07:15

16 January 2023

MediaZest Plc

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

 Incorporation of European Subsidiary and new business update

MediaZest (AIM: MDZ), the audio-visual solutions provider, is pleased to
announce it has completed the incorporation of a new, wholly owned, European
subsidiary based in the Netherlands (the “European Subsidiary”).

The European Subsidiary will help the Group to deliver services more
efficiently to its EU based clients, building on increased traction and
recently completed projects. Over the past few years, the Group has carried
out significant client work in Germany, Italy, Spain, France, Sweden and the
Netherlands amongst other EU countries.

These include audio visual work for the new Lululemon flagship on the Champs
Elysees in Paris which opened in December 2022, and since the start of 2023
projects in the region have already included overseas work in Slovakia.
Further afield, the Group has already completed work this month in the US.

Geoff Robertson, MediaZest’s CEO, commented: “Following the incorporation
of the European Subsidiary, the Board expects to see further substantial work
within EU member states in 2023, building on the strong performance in
FY22.”

The Group expects to release its financial results for the year ended 30
September 2022 in February 2023.

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR.

 Enquiries:                                                                               
 Geoff Robertson Chief Executive Officer MediaZest Plc                     0845 207 9378  
 David Hignell/Adam Cowl Nominated Adviser SP Angel Corporate Finance LLP  020 3470 0470  
 Claire Noyce Broker Hybridan LLP                                          020 3764 2341  
                                                                                          

Notes to Editors:

About MediaZest

MediaZest is a creative 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



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