MDZ.L

MediaZest Plc
MediaZest Plc - Trading Update
19th July 2023, 06:00
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19 July 2023

MediaZest Plc

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

Trading Update

MediaZest (AIM: MDZ), the audio-visual solutions provider, is pleased to provide
the following trading update.

Progress in the second half of the financial year ending 30 September 2023 has
been promising, with significant new business wins with both new and existing
clients. As with the first half of the financial year, recurring revenue streams
and margins remain robust.

Trading in the Group's European located subsidiary in the Netherlands, which was
established in late 2022 to facilitate project delivery in European Union
countries, has started strongly. The Group has recently achieved new business
wins in multiple EU countries which will generate revenue in excess of €500,000.

In the UK, the volume of client work has also continued to grow with new
projects for several existing clients including Pets at Home, Hyundai, HMV and
Lululemon all being delivered in the second half of the current financial year.

The Board remains confident that the outlook for the second half of the
financial year is encouraging and expects to report improved financial results
relating to the period in due course.

Geoff Robertson, MediaZest's CEO, commented: "As expected, the establishment of
our subsidiary in the Netherlands has already begun to pay off, with additional
revenues generated and multiple new client projects under negotiation. The
volume of UK business also remains encouraging with existing clients and new
customers engaging with us to deploy projects, all of which bodes well for the
longer term growth prospects of the Group."

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms partof 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                 0845 207 9378
Chief Executive Officer
MediaZest Plc
David Hignell/Adam Cowl         020 3470 0470
Nominated Adviser
SP Angel Corporate Finance LLP
Claire Noyce                    020 3764 2341
Broker
Hybridan LLP

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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