Zest Group PLC: Completion of Disposal | Company Announcements

Monday 18 February, 2008

Zest Group PLC

Completion of Disposal

Zest Group PLC
18 February 2008




18 February 2008


Zest Group PLC ('Zest' or the 'Group' AIM: ZEST)


Completion of Disposal


DISPOSAL OF GREENSLEEVES RECORDS LIMITED FOR £3.1 MILLION COMPLETED

The Board of Zest is pleased to announce the successful completion of the sale
of its reggae business to V P Records (UK) Limited for £3.1 million and confirm
that the funds have been received.

Shareholder approval for the disposal was granted at the General Meeting of the
Company on 13th February 2008. Full details of the transaction were set out in
the circular to shareholders dated 28th January 2008.



Enquiries:


Steve Weltman, Chief Executive                             +44 (0) 207 451 9800

John Bick                                                  +44 (0) 7917 649 362

Tim Cofman/Nicola Rayner                                   +44 (0) 121 265 6330


www.zestmusic.com



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