Ann: S/HOLDER: SNK: SNK - Share Purchase Plan & M

• Release Date: 22/04/13 18:58
• Summary: S/HOLDER: SNK: SNK - Share Purchase Plan & Market Information
• Price Sensitive: No
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SNK
22/04/2013 16:58
S/HOLDER

REL: 1658 HRS Snakk Media Limited

S/HOLDER: SNK: SNK - Share Purchase Plan & Market Information

SNK - Share Purchase Plan & Market information

22 April 2013

Snakk reveals details of May capital raising initiative, unveils Brisbane
office and Edison research report
New research report values stock at up to $0.20c

AUCKLAND, New Zealand, 22 April 2013 -Snakk Media Ltd., (NZAX: SNK) the
future-focussed 'new screen'start-up that announced a record-breaking
unaudited third quarter  last month, is today announcing the date and terms
of its Share Purchase Plan (SPP), as well as the official opening of its new
Brisbane office.

The company, which generates revenue every time an advertisement is delivered
across its networks on a smartphone or tablet, is offering its shareholders
the opportunity to increase their holdings for a fixed price of 12 cents per
share. The SPP offer represents approximately a 20% discount to the volume
weighted average price of the last 30 days and shareholders will have the
exclusive opportunity to buy a maximum of $15,000 worth of ordinary shares in
the company up to a total of $2m .

This deal is only available to shareholders registered prior to 5pm on 1 May
(the Record Date) and will be open from May 6-21.

Snakk is looking to raise capital to fund expansion into new regions, growing
the sales team, adding new technology platforms, and exploring strategic
investment opportunities.

The first independent research report on the company, by London-based Edison
Investment Research Limited, will be released overnight on April 22, New
Zealand time. Once released the report will be available here. Edison
outlined a valuation range of up to 20.6c based on Snakk's current activities
and reported historic take-out multiples on sector transactions.

Since announcing the appointment of Mark Ryan as Group CEO earlier this
month, Snakk has also welcomed a new sales executive, Charlie Raper, to head
its Brisbane office, which officially opens today.

"We are very happy to have Mark on board to take us through this next
exciting phase of growth," says Chairman and company co-founder Derek
Handley. "The SPP is a fantastic opportunity for existing shareholders to
increase their stake in Snakk at a discount to the average trading price.
With a new round of capital raising on the go, increasing revenues and new
offices planned, it is essential we have someone of Mark's calibre leading
the management team and implementing the company's growth strategy."

Mark joined Snakk a year ago as Executive Director. Prior to this he was he
was Chief Operating Officer at Ogilvy Australia, a newly created role at what
was then Australia's largest advertising agency.

"Snakk is at the intersection of brands, technology and the new screens in
our lives, and the business has an amazing journey ahead of it," says Mr
Ryan. "The reality is that mobile advertising spend is vastly
under-represented - as little as one percent of the total digital advertising
budget in our key markets - and we're seeing enormous opportunity out there.
I couldn't be more enthusiastic about the team we have and the results we're
achieving for our clients and shareholders."

All Snakk shareholders on the register as at Record Date (May 1st) will be
sent material and application forms to participate in the SPP. These will
also be available at the Snakk investor website, www.snk.co.nz from the
Opening Date (6 May).

ENDS

For media inquiries, please contact: Julie Landry, Snakk Media, 021 895 098

For investor inquiries, please email: [email protected]

About Snakk Media Limited
Snakk enables brands to reach their consumers on smartphones and tablets,
delivering engaging ads across a network of mobile websites, applications,
and games in a way that is highly targeted, measurable and scalable. The
company's expertise and portfolio of technology aggregates a publisher's
supply of ad space and matches it with an advertiser's demand. Snakk is
deeply committed to building a purpose-driven business that balances
commercial outcomes with a higher social purpose.

Follow Snakk for investor and market updates on twitter.com/snakkir
End CA:00235432 For:SNK    Type:S/HOLDER   Time:2013-04-22 16:58:52