Conversion of Loan

7 February 2014 mirada plc ("mirada" or "the Company") (AIM: MIRA) Conversion of Loan mirada plc, the AIM-quoted audiovisual interaction specialist, announces thatit has received a conversion notice for £390,000 from Naropa Cartera S.L.U.("Naropa") in respect of their remaining holding of mirada's secured 10%convertible loan (the "Convertible Loan"). In addition, mirada has beennotified that Naropa has disposed of its existing holding of 11,558,661ordinary shares in mirada to Infoglobal S.A. (the "Disposal"). Naropa holds asignificant interest in Infoglobal S.A. Under the terms of the Convertible Loan, which was announced on 23 March 2010,the conversion price is equal to a 20% discount to the average closingmid-market share price for the 10 business days preceding the date of theconversion notice, subject to a minimum conversion price of 10 pence. The £390,000 is therefore to be converted into 3,900,000 new ordinary shares of 1penny each (the "Conversion Shares"), credited as fully paid at 10 pence pershare (the "Conversion"). mirada has also entered into agreement with Naropa to capitalise theoutstanding interest accrued in respect of the Convertible Loan into newordinary shares in mirada at a price of 10 pence per share. The accruedinterest of £32,964.30 is therefore to be capitalised into 329,643 new ordinaryshares of 1 penny each (the "Capitalisation Shares"), credited as fully paid at10 pence per share (the "Capitalisation"). Following the Conversion, Capitalisation and Disposal, Naropa and InfoglobalS.A. will have the following interests in the ordinary shares in the Company: Number of Percentage of shares enlarged issued share capital of Company Naropa 4,229,643 4.97% Infoglobal S.A. 11,558,661 13.59% Following this conversion the outstanding balance owed in relation to theConvertible Loan will equal £100,000. Application has been made to the London Stock Exchange for admission of the4,229,643 Conversion Shares and Capitalisation Shares to be admitted to tradingon AIM. Admission is expected to occur on 11 February 2014. For the purposes of the Disclosure and Transparency Rules, mirada's totalissued share capital following the issue of the 4,229,643 New Ordinary Sharesconsists of 85,057,695 ordinary shares of 1 penny each. The above figure may be used by shareholders as the denominator for thecalculations by which they will determine if they are required to notify theirinterest in, or a change to their interest in, mirada, under the Disclosure andTransparency Rules. José Luis Vazquez, Chief Executive Officer of mirada, commented: "I am glad to reportthe conversion and capitalisation of interest on ourConvertible Loan, which has decreased the amount outstanding from £1,420,000less than a year ago to £100,000 today. This significantly strengthens ourbalance sheet and demonstrates the commitment of the loan note holders to thefuture of the company.I also welcome Infoglobal as a major shareholder of theCompany." -END- Enquiries: mirada plc +44 (0) 207 549 5678Jose Luis Vazquez, Chief Executive Officer Bishopsgate Communications +44 (0) 207 107 1890Nick Rome/Sam Allenmirada@bishopsgatecommunications.com Cantor Fitzgerald Europe (Nominated Advisor & Broker) +44 (0) 207 894 7000Mark Percy (Corporate Finance)David Banks (Corporate Broking) Peterhouse Corporate Finance (Joint Broker) +44 (0) 207 469 0937Jon Levinson About mirada mirada creates and manages services for digital TV platforms and broadcasterswhich enable consumers to interact with and purchase digital content ontelevision, mobile, online and bespoke devices. mirada's products and solutionsare used worldwide to deliver interactive TV, Video on Demand, digitalmarketing and payment services. Its products and services have been deployed bysome of the biggest names in digital media and broadcasting including Sky,Virgin Media, BBC, ITV, France Telecom and Telefónica. Headquartered in London,mirada has commercial offices across Europe and Latin America and operatestechnical centres in the UK and Spain. For more information, visitwww.mirada.tv.