Manga Entertainment UK confirmed earlier today (Tuesday 6th September) on their facebook page that the first release of ‘Fairy Tail will be on the 5th March 2012. Manga announced earlier this year they had acquired the UK distribution rights to the series and had previously confirmed that the first release would be during the first quarter of 2012.
This series was released in the US by Funimation and through their YouTube channel you are able to sample some of the series! You can watch the first episode, in Japanese with English subtitles HERE. (There appears to be no region locking on the episodes available on the Funimation channel.)
NOTE – The image in this post was taken from website of Funimation. The date listed represents the US release of this title.