JumpTV Completes US$100,000,000 Common Share Offering

JumpTV Inc. announced today that it has completed the previously announced public offering of 13,043,479 of its common shares the with a syndicate of underwriters led by joint bookrunners Canaccord Capital Corporation and Morgan Stanley Canada Limited and including Paradigm Capital Inc., Loewen, Ondaatje, McCutcheon Limited and GMP Securities L.P..

Panmure Gordon (Broking) Limited provided UK and European capital markets advice in addition to advice received by JumpTV from the Underwriters. The TSX has conditionally approved the listing of the Common Shares subject to the Offering and application has been made for admission of the Common Shares for trading on AIM, with admission to AIM that occured on Monday, February 26, 2007.

Gross proceeds of the Offering are C$117,391,311 (US$100,000,000). The Company has granted the Underwriters an over-allotment option (the "Over-Allotment Option"), exercisable for a period of 30 days following the closing of the Offering, to purchase up to 1,956,521 additional common shares. If the Over-Allotment Option is exercised in full, then JumpTV will receive aggregate gross proceeds of approximately C$135,000,000 (US$115 million).

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 rights to broadcast 270 channels from over 70 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 in over 90 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.

With respect to the United Kingdom (the "U.K.") the proposed offering is only being and may only be made to and directed at persons in the U.K. who are (a) a "Qualified investor" within the meaning of Section 86(7) of the Financial Services and Markets Act 2000 of the U.K. as amended from time to time ("FSMA") and (b) within the categories of persons referred to in Article 19 (Investment professionals) or Article 49 (High net worth companies, unincorporated associations, etc.) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 of the U.K. ("Financial Promotion Order") (all such persons together being referred to as "relevant persons"). The common shares are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such common shares will be engaged in only with, relevant persons in the UK.

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. -- www.cnxmarketlink.com