Matomy Media Group Ltd Update regarding EGM (1862O)

TIDMMTMY

RNS Number : 1862O

Matomy Media Group Ltd

02 November 2016

FOR IMMEDIATE RELEASE

2 November 2016

Update Regarding Matomy Shareholders' Request

For Convention of An Extraordinary General Meeting of Shareholders

LONDON and TEL AVIV, November 1, 2016 - Matomy Media Group Ltd. (LSE: MTMY; TASE: MTMY.TA) (the "Company") announced on September 30, 2016 that it had issued a notice of Extraordinary General Meeting (the "EGM") pursuant to a request of Brosh Funds Management Ltd. and Exodus Management Israel Ltd. (collectively, "Brosh"), two affiliated shareholders of the Company.

The EGM is convened to seek Shareholder votes on the following proposed resolutions:

Resolution 1: To increase the number of Directors (as defined in the Articles) from eight to ten;

Resolution 2: Subject to and conditional upon the adoption of Resolution 1, to appoint Mr. Amir Efrati as a member of the Board; and

Resolution 3: Subject to and conditional upon the adoption of Resolution 1, to appoint Mr. Nir Tarlovsky as a member of the Board,

(together, the "Brosh Resolutions").

This announcement is in furtherance to the strategic review to evaluate opportunities to maximise shareholder value which was initiated by the Company's board of directors (the "Board") in June 2016 (the "Strategic Review") which led to the engagement of RBC Capital Markets, LLC as its financial advisor to consider strategic alternatives as part of a Strategic Review, as indicated in the Company's announcement of October 18, 2016.

Following the announcement of the Strategic Review, certain members of the Board met and held discussions with Mr. Amir Efrati and Mr. Nir Tarlovsky, pursuant to which they established that Mr. Efrati and Mr. Tarlovsky are aligned with the Strategic Review's goals set by the Board, and they will contribute positively to the Board as the Company continues its Strategic Review. Therefore, the Board is in favour of the Brosh Resolutions and is looking forward to having Mr. Efrati and Mr. Tarlovsky join the Board.

About Matomy Media Group Ltd.

Matomy Media Group Ltd. (LSE: MTMY, TASE: MTMY.TA) is a world leading media company delivering smart technology solutions and a personalized approach to advertising. By providing customized performance and programmatic solutions supported by internal media capabilities, "big data" analytics and optimization technology, Matomy empowers advertising and media partners to meet their evolving growth-driven goals. Matomy offers a single gateway to digital media channels including mobile, video, display, social, email marketing, search marketing (SEM, SEO, and ASO) anddomain monetization. Founded in 2007, with headquarters in Tel Aviv, growing presence in the USA and six offices around the world, Matomy is dual listed on the London and Tel Aviv Stock Exchanges. Learn more about Matomy at www.matomy.com.

For more information:

www.Matomy.com

Facebook: www.facebook.com/MatomyMediaGroup

Follow Matomy on Twitter: @MatomyGroup

LinkedIn: www.linkedin.com/company/matomy-media-group

Enquiries:

Matomy Media Group

Lipaz Kloper, Head of Investor Relations

[e-mail]

[phone]

KCSA

Investor Relations

Elizabeth Barker / Garth Russell

[e-mail]

This information is provided by RNS

The company news service from the London Stock Exchange

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November 02, 2016 13:10 ET (17:10 GMT)