REG-MediaZest Plc: New European Business Win

MediazestAnnouncement

22/05/2024 07:15

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, Chief Executive Officer                               via Walbrook PR                                                       
                                                                                                                                              
 SP Angel Corporate Finance LLP (Nomad)                                 Tel: +44 (0)20 3470 0470                                              
 David Hignell/Adam Cowl                                                                                                                      
                                                                                                                                              
 Hybridan LLP (Corporate Broker)                                        Tel: +44 (0)20 3764 2341                                              
 Claire Noyce                                                                                                                                 
                                                                                                                                              
 Walbrook PR (Media & Investor Relations)  Tel: +44 (0)20 7933 8780 or mediazest@walbrookpr.com                                               
 Paul McManus / Charlotte Edgar / Alice Woodings                        Mob: +44 (0)7980 541 893 / +44 (0)7884 664 686 / +44 (0)7407 804 654  
                                                                                                                                              

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.



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