Trader Media East Limited will seek shareholder approval for a share repurchase program at its Annual General Meeting to be held on June 12, 2014. Under the program, the company will repurchase up to 2,500,000 shares, representing 5% of its ordinary share capital. The minimum price which may be paid for such shares is $0.16 per share and the maximum price which may be paid for a share shall not be more than five per cent above the average of the middle market quotations for a share as derived from the London Stock Exchange (“LSE”) Daily Official List for the five (5) business days immediately preceding the date on which the share is purchased.

Unless previously renewed, varied or revoked, the authority conferred shall expire at the conclusion of the company's next AGM or twelve (12) months from the date of passing this resolution, if earlier; and the company may make a contract or contracts to purchase shares under the authority conferred prior to the expiry of such authority which will or may be executed wholly or partly after the expiry of such authority and may make a purchase of shares in pursuance of any such contracts provided that such purchase is completed before the date which is eighteen (18) months from the date of passing this resolution.