MDZ.L

MediaZest Plc
MediaZest Plc - New European Business Win
22nd May 2024, 06:00
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22 May 2024

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.

MediaZest Plc

("MediaZest", the "Company", or the "Group")

New European Business Win

Multi-site installations delivering recurring revenues

MediaZest plc (AIM: MDZ), the creative audio-visual solutions provider,
announces it has secured a new and repeat contract to supply digital signage to
a large global automotive client across several of its sites in an EU country.
The multi-year contract, signed on 21 May 2024, will provide MediaZest with
additional revenues in excess of €150,000 by the end of 2026.

This, alongside the other new orders announced in the trading update on 13 May
2024 (https://www.londonstockexchange.com/news-article/MDZ/trading
-update/16465776), will provide the Company with additional revenues of
approximately £500,000 in the short to medium term.

The Company reiterates that first half revenues will show a return to year-on
-year growth and that it expects to deliver an improved EBITDA performance for
H1 2024 compared to H1 2023.

Geoff Robertson, Group Chief Executive, commented: "We are delighted to announce
a follow-on contract with a large global automotive client following the success
of earlier projects. This contract demonstrates our focus on generating future
recurring revenue streams to build value in the business. The pipeline across
the business continues to grow with further contract confirmations expected
before the financial year end."

For further information please contact:

MediaZest Plc                           www.mediazest.com
Geoff Robertson,                          via Walbrook PR
Chief Executive
Officer

SP Angel Corporate               Tel: +44 (0)20 3470 0470
Finance LLP (Nomad)
David Hignell/Adam
Cowl

Hybridan LLP                     Tel: +44 (0)20 3764 2341
(Corporate Broker)
Claire Noyce

Walbrook PR (Media &             Tel: +44 (0)20 7933 8780
Investor Relations)                                    or
                                 mediazest@walbrookpr.com
Paul McManus /             Mob: +44 (0)7980 541 893 / +44
Charlotte Edgar /       (0)7884 664 686 / +44 (0)7407 804
Alice Woodings                                        654

About MediaZest (www.mediazest.com)

MediaZest is a creative audio-visual solutions provider that specialises in
delivering innovative digital signage and audio systems to leading retailers,
brand owners and corporations. The Group offers 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 in
February 2005.

This information was brought to you by Cision http://news.cision.com

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