PWS.L Regulatory News (PWS)

Pinewood Shepperton plc

Appointment by the Welsh Government to advise on a new Welsh Media Fund

Pinewood Shepperton plc ("Pinewood" or the "Company"), a leading provider of services to the global film and television industry, today announces that it has signed an exclusive agreement (the "Agreement") with the Welsh Government to advise on its new £30 million television and film investment fund. Under the terms of the Agreement, Pinewood will receive an annual fee and transaction based advisory fees for the fund. Pinewood will also be responsible for the promotion and marketing of the new media fund.

As part of the Agreement, the Welsh Government will acquire and fit out the former Energy Centre, Wentloog, adjacent to Cardiff Bay. It is intended to create a facility with four stages. Pinewood will enter into a lease for a minimum of five years with the Welsh Government for the Studio. The new facility will become known as 'Pinewood Studio Wales'. Pinewood will operate the Studio and contribute £0.8 million over five years for the purchase of equipment.

Ivan Dunleavy, Chief Executive Officer, Pinewood Shepperton plc said:

"We are delighted to have agreed with the Welsh Government to advise it on its television and film funding initiative. This builds on our success with Pinewood Pictures and managing the Isle of Man Treasury Film and Television Fund. Our combined advisory investment funds now total £55 million making them one of the largest investment portals for new British television and film content".

"The new fund together with the new facility will do much to boost the Welsh film and television sector. The fund is also another step forward for creating a sustainable UK film and television production centre".

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 Enquiries

Pinewood Shepperton plc +44 (0)1753 656732

Andrew M. Smith - Director of Strategy and Communications/Company Secretary

N+1 Singer +44 (0)207 496 3000

Richard Lindley / Sandy Fraser

Notes to editors

· Pinewood Shepperton plc is Europe's largest provider of stage and studio space

· Pinewood, Shepperton and Teddington Studios together accommodate 34 stages available for film and television production, three digital HD TV studios at Pinewood, plus a further eight TV studios at Teddington

· Pinewood Studios is home to Europe's leading studio-based underwater filming stage, as well as one of the largest exterior water tanks in Europe

· Pinewood and Shepperton Studios have been home to over 1,500 films in more than 75 years

· Pinewood, Shepperton and Teddington Studios have hosted over 600 TV shows

· There are over 241 independent, media related companies based at Pinewood and Shepperton's Media Hub

· The Pinewood Group's international network of Studios includes Toronto, Canada; Berlin, Germany; Iskandar, Malaysia; the Dominican Republic; Atlanta, Georgia, USA and a joint venture in China

· The Pinewood Group offers equity and debt financing to UK film and television production as part of its growing range of advisory services, representing media funds of both Isle of Man and Welsh Governments.

For more information

www.pinewoodgroup.com

Neither the content of the Company's website nor the content of any website accessible from hyperlinks on the Company's website, nor any other website, is incorporated into, or forms part of this announcement nor, unless previously published by means of a recognised information service, should any such content be relied upon in reaching a decision as to whether or not to acquire, continue to hold, or dispose of, securities in the Company.