Rhythmone : PERK INC. ACQUISITION UPDATE

London, England and San Francisco, California - Further to its announcement of 5 December 2016, RhythmOne plc ('RhythmOne' or the 'Company', LSE AIM: RTHM) is pleased to provide an update on its acquisition of Perk Inc. ('Perk').

At a special meeting of the shareholders of Perk held on 12 January 2017, the requisite majority of Perk shareholders voted in favor of the Company acquiring all of the issued and outstanding common shares and class A restricted voting shares of Perk (the 'Acquisition') by way of a court-approved 'Plan of Arrangement'.

Further, a court hearing to approve the Plan of Arrangement took place on 16 January 2017. Following the satisfaction or waiver of all other closing conditions customary for transactions of this nature, it is anticipated that completion of the Acquisition will take place on 19 January 2017 immediately upon admission to trading of the 88,235,410 new RhythmOne ordinary shares, being the total consideration for the Acquisition.

No shares are held in Treasury and accordingly, the total number of voting rights in the Company following the admittance of the new RhythmOne ordinary shares for the Acquisition and exercise of options pursuant to RhythmOne option schemes will be 494,224,203. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, RhythmOne.

Analyst and Investor Contact
Dan Slivjanovski
RhythmOne plc

Financial Media Contacts
Edward Bridges / Charles Palmer
FTI Consulting LLP
(UK) 020 3727 1000

Nomad and Broker for RhythmOne
Nick Westlake (Nomad) / Lorna Tilbian / Mark Lander
Numis Securities Limited
(UK) 020 7260 1000

About RhythmOne

RhythmOne is a technology-enabled digital media company that connects online audiences with brands through premium content across devices. Founded in 2004, the Company pioneered Internet video search and works with digital advertisers, publishers and content providers to offer fully integrated, cross-screen solutions that span desktop and mobile video, rich media, display, social and native advertising, and content formats. Through its fully integrated programmatic platform, RhythmMax, the Company represents digital advertising inventory across owned, controlled and extended supply sources. The RhythmMax platform includes unique brand safety technology, RhythmGuard, which combines leading third-party verification and proprietary filtering technologies to ensure inventory quality in brand safe environments. RhythmOne's goal is to maximize the return on advertising spend and provide the most efficient and effective marketplace for digital advertising. The Company is headquartered in San Francisco, California with offices in the US, UK and Canada. For more information please visit www.rhythmone.com.