Ann: RELINT: SNK: Snakk Chair Clarifies Shareholding

• Release Date: 18/09/14 11:19
• Summary: RELINT: SNK: Snakk Chair Clarifies Shareholding
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					SNK
18/09/2014 11:19
RELINT

REL: 1119 HRS Snakk Media Limited

RELINT: SNK: Snakk Chair Clarifies Shareholding

SNK - INFORMATION

18 September 2014

Dear Shareholders,

At our Annual Meeting held this week, I was asked about my personal holdings
in Snakk. For those not at the meeting, this note clarifies comments made. (A
video recording of the Annual Meeting will be available for viewing on the
Snakk Investor website later this month).

August 2013 - Snakk Annual Meeting

- At the 2013 AGM I verbally indicated that I intended to my Snakk holdings
by approximately 10% (as at that date) via transfers to a charitable
foundation, as well as a range of other charities and investors through a
combination of on and off-market transactions.

- At this meeting I had also indicated that a transfer of 2,000,000 shares
had already recently been made to Snakk co-founder Andrew Jacobs as part of a
long-term retention plan. The relevant disclosure notice is attached
herewith.

Jan 2014 - Snakk Chair completes initial share transfer

- I advised the board and the market that I had completed the transaction of
a further 2,000,000 shares to my charitable foundation as per my guidance at
the August 2013 AGM. In addition, I indicated I had begun to transfer
approximately 10% of my holdings (held under Far East Associated Traders
Limited, "FEAT") as at January 2014 as per previous guidance at the 2013 AGM.
It was also noted a reduction totalling 1,466,187 had already taken place, on
market, leaving interests associated with FEAT at 41,132,634 (as at Jan 13th
2014).

- A small parcel of transfers took place between 14 and 24 January 2014,
leaving interests associated with FEAT at 40,772,634 shares (as at Jan 2014).
50,000 of those were off-market and the remainder on-market. As the change in
shareholding was not greater than 1%, there was no requirement to file a
substantial security holding update to the market. While we didn't file a
disclosure of directors and officers relevant interests notice at that time,
we kept the market informed via our regular shareholder letter updates. The
relevant disclosure notice is now attached herewith.

- There has been no change in the holding, and no on or off-market transfers
since 24 of January 2014.

- As at 17 Sept 2014, holdings associated with FEAT remain unchanged from the
levels as at January, and stand at 40,772,634 shares, 8.6% down from the
holding of 44,598,821 as at the 2013 AGM when my intentions were shared.

- As at 17 Sept 2014, The Handley Foundation's holdings remain unchanged at
2,000,000.

I remain a significant investor and committed to the success of the company,
providing significant strategic governance as well as hands-on input in my
role as Chair, investor and Co-Founder.

I will continue to keep the market informed of my plans and shareholdings as
they develop.

Derek
ENDS

Media
Julie Landry, 021 895 098, [email protected]
Investors
Malcolm Lindeque, Company Secretary, 021 464 392, [email protected]
www.snk.co.nz, www.twitter.com/snakkmedia

About Snakk Media Ltd
NZAX-listed Snakk Media helps brands find and reach consumers using apps,
games and social media on their smartphones, tablets and other smart screens.
The company generates revenue every time it successfully targets and delivers
an ad across its networks of mobile websites, apps and games. The ads are
targeted to ensure the right audiences see them at the right time and place.

Snakk is one of the first public companies in the world that has met the
rigorous social and environmental performance standards required to become a
certified B Corporation.
End CA:00255388 For:SNK    Type:RELINT     Time:2014-09-18 11:19:05