Mediazest Regulatory News (MDZ)

16 May 2011 16:08

For filings with the FSA include the annex For filings with issuer exclude the annex TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi 1. Identity of the issuer or the MEDIAZEST PLC underlying issuer of existing shares to which voting

rights are attached: ii

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

3. Full name of person(s) subject SCHWECO NOMINEES LIMITED

to the notification obligation: iii

4. Full name of shareholder(s)

(if different from 3.):iv

5. Date of the transaction and 12/05/11 date on which the threshold is crossed or

reached: v

6. Date on which issuer notified: 16/05/11

7. Threshold(s) that is/are 18.00% crossed or reached: vi, vii 47937042479370428. Notified details:

A: Voting rights attached to shares viii, ix Class/type Situation previous Resulting situation after the triggering of to the triggering transaction shares transaction Number Number Number Number of voting % of voting rights if possible of of of shares rights x using Shares Voting the ISIN Rights Direct Direct xi Indirect Direct Indirect CODE xii GB00B064NT52 43937042 437937042 17.74%

B: Qualifying Financial Instruments Resulting situation after the triggering transaction Type of financial Expiration Exercise/ Number of voting % of voting instrument date xiii Conversion Period rights that may be rights xiv acquired if the instrument is exercised/ converted. C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction Type of Exercise Expiration Exercise/ Number of voting % of voting financial price date xvii Conversion rights instrument rights xix, xx instrument period refers to xviii Nominal Delta Total (A+B+C) Number of voting rights Percentage of voting rights 43937042 17.74%

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

Proxy Voting: 10. Name of the proxy holder:

11. Number of voting rights proxy holder will

cease to hold:

12. Date on which proxy holder will cease to

hold voting rights: 13. Additional information: SCHWECO NOMINEES HOLD14.9% on behalf of Mr N Slater and an add 2.84% on behalf of other clients 4. Contact name: ANDREW PETTER

15. Contact telephone number: 020 7490

5000

Note: Annex should only be submitted to the FSA not the issuer Annex: Notification of major interests in sharesxxii A: Identity of the persons or legal entity subject to the notification

obligation Full name

(including legal form of legal

entities) Contact address (registered office for legal entities) Phone number & email Other useful information

(at least legal representative for

legal persons)

B: Identity of the notifier, if applicable

Full name Contact address Phone number & email Other useful information

(e.g. functional relationship with the person or legal entity subject to

the notification obligation) C: Additional information

For notes on how to complete form TR-1 please see the FSA website.