JumpTV Exercise of Option

RNS Number:2748I
JumpTV Inc.
30 August 2006


The 'JumpTV Exercise of Option' announcement for JumpTV Inc. released today at
16.46 under RNS No 2639I has been re-released to facilitate onward 
transmission by third party vendors.

The announcement is unchanged and is reproduced in full below.



JumpTV Announces Exercise of Underwriters' Option to Purchase Additional
1,273,500 Shares


Approximately $7 Million in Additional Gross Proceeds


TORONTO -- (MARKET WIRE) -- August 30, 2006 -- Further to the announcement dated
10 August 2006, JumpTV Inc. ("JumpTV" or the "Company") (AIM: JTV) (TSX: JTV) 
(www.jumptv.com), the world's leading broadcaster of ethnic television over the
Internet, announced that the underwriters of the Company's recent initial public
offering have exercised in part their over-allotment option referred to in the
prospectus issued by the Company on 10 August 2006, by purchasing 1,273,500
shares of common stock at the offering price of Cdn$5.50.


The exercise of the over-allotment option increases the number of shares sold in
the initial public offering from 12,000,000 shares to 13,273,500 shares,
resulting in aggregate gross proceeds to the Company of approximately Cdn$73
million (an increase of approximately Cdn$7m).


JumpTV expects to use the net proceeds of the offering to fund:

-- the continued roll-out of the JumpTV delivery infrastructure;
-- further investment in product development and technology;
-- JumpTV's subscriber acquisition strategy; and
-- general corporate expenditure and working capital requirements of
   JumpTV's business including possible acquisitions.

Morgan Stanley Securities Limited and Canaccord Adams Limited acted as
underwriters for the Company.


Application has been made for the over-allotment shares to be admitted to AIM.


For more information, please contact:

JumpTV
G. Scott Paterson, CEO                     [phone]

Canaccord Adams Limited                    [phone]
Neil Johnson/Chris Bowman/
Andrew Chubb

Morgan Stanley Securities Limited          [phone]
Henrik Gobel

Catullus Consulting (UK)                   [phone]
Alex Mackey

KCSA (North America)                       [phone]
Todd Fromer

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE IN OR INTO THE UNITED STATES, THE
REPUBLIC OF IRELAND, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR AUSTRALIA, OR THEIR
RESPECTIVE TERRITORIES OR POSSESSIONS


About JumpTV


JumpTV (AIM: JTV) (TSX: JTV) is the world's leading subscription-based
broadcaster of ethnic television over the Internet (as measured by number of
channels). With over 200 channels from 60+ countries, JumpTV delivers its
subscribers full-screen news, sports and entertainment content on a real-time
basis from all corners of the globe. JumpTV has subscribers from over 80
countries who view channels on the JumpTV online network via high-speed Internet
connections on their home computers, laptops, Internet-enabled televisions and
mobile phones. For additional information, visit www.jumptv.com


This press release is not for publication or distribution or release in the
United States of America (including its territories and possessions, any State
of the United States of America and the District of Columbia), the Republic of
Ireland, the Republic of South Africa, Australia or Japan. The information
contained herein does not constitute or form part of an offer or solicitation of
an offer to purchase or subscribe for securities for sale in the United States,
the Republic of Ireland, the Republic of South Africa, Australia or Japan or any
other jurisdiction. The securities referred to herein have not been and will not
be registered under the United States Securities Act of 1933, as amended and may
not be offered or sold in the United States unless registered or pursuant to an
exemption from such registration. No public offering of securities is being made
in the United States.


This announcement is directed only at persons who (i) are outside the United
Kingdom or (ii) are in the United Kingdom and either have professional
experience in matters relating to investments falling within Article 19(5) of
the Financial Services and Markets Act 2000 (Financial Promotion Order) 2005
(the "Order") or are high net worth companies, unincorporated associations etc
for the purposes of Article 49 of the Order or (iii) are persons to whom it
would otherwise be lawful to direct it (all such persons together being referred
to as 'relevant persons'). This announcement must not be acted on or relied on
by persons who are not relevant persons. Any investment or investment activity
to which this announcement relates is available only to relevant persons and
will be engaged in only with relevant persons.


This announcement does not constitute or form part of an offer to sell, exchange
or transfer any securities, or any solicitation or recommendation of an offer to
sell, exchange or transfer any securities. The price and value of, and income
from, shares may go down as well as up. Persons needing advice should consult a
professional adviser.


The distribution of this announcement in certain jurisdictions may be restricted
by law and persons into whose possession any document or other information comes
should inform themselves about and observe any such restriction. Any failure to
comply with such restrictions may constitute a violation of the securities laws
of any such jurisdiction.


Shares in JumpTV have not been and will not be registered under the applicable
securities laws of Australia or Japan and may, subject to certain exemptions,
not be offered or sold within Australia or Japan or to, or for the account or
benefit of, citizens or residents of Australia, or Japan.


Canaccord Adams Limited and Morgan Stanley Securities Limited are acting for
JumpTV and no one else in connection with JumpTV's admission to AIM and related
securities offering (the "Offering") and will not be responsible to any other
person for providing the protections afforded to their respective clients or for
providing advice in relation to the Offering.


Certain statements herein may constitute forward-looking statements, including
those identified by the expressions "may", "will", "should", "could",
"anticipate", "believe", "plan", "estimate", "potential", "expect", "intent" and
similar expressions to the extent they relate to the Company or its managements.
These statements reflect the Company's current expectations and are based on
information currently available to management. These forward-looking statements
are subject to a number of risks, uncertainties, assumptions and other factors
that could cause actual results or events to differ materially from current
expectations, including the matters discussed under "Risk Factors" contained in
the Company's prospectus (admission document) dated August 1, 2006. These
forward-looking statements are made as of the date hereof, and the Company
assumes no obligation to update or revise them to reflect new events or
circumstances.

Contact:
Lewis Goldberg / Todd Fromer
KCSA Worldwide
[phone] / [phone]
[e-mail] / [e-mail]




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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