AFERIAN PLC

("Aferian", the "Company" or the "Group")

Completion of acquisition of remaining 8% minority interest in 24i

Cambridge - 16 August 2021 - Aferian plc (LSE AIM: AFRN), a software-led global media technology company that delivers modern TV experiences, is pleased to announce that it has completed the acquisition of the remaining 8% minority interest in 24i Unit Media B.V and its subsidiaries ("24i").

Further to the Company's announcement on 3 August 2021, the Company has entered into a deed of transfer regarding the remaining shares held by the founders of 24i. The total amount payable by the Company of €3,305,248 ($3,900,193) will be settled by:

-     €1,000,000 ($1,180,000) in cash ("Cash Consideration"); and

-     €2,305,348 ($2,720,193) through the issue of 1,320,042 new Ordinary Shares of 1p each in the Company ("Ordinary Shares") at a price of £1.4969 per Ordinary Share.

The Cash Consideration is expected to be paid within five business days of this announcement.

An application has been made for the admission of the Ordinary Shares to trading on the AIM market of London Stock Exchange plc ("Admission"). It is expected that the Admission will take place at or around 8.00 a.m. (London time) on 20 August 2021. The Ordinary Shares will, when issued, be credited as fully paid and will rank pari passu in all aspects with the Company's existing issued Ordinary Shares.

On Admission, the Company will have 86,419,410 Ordinary Shares in issue. There are 1,661,644 Ordinary Shares held in treasury. Therefore the total number of voting rights in the Company is 84,757,766. This number may be used by shareholders as the denominator for the calculation by which they may determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under FCA's Disclosure Guidance and Transparency Rules.

-ENDS-

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About Aferian plc

Aferian plc (AIM: AFRN) is a software-led, global Media Technology company. We deliver modern TV experiences the way viewers want them, seamlessly integrating streaming and Pay TV services. Our award-winning Next Generation technology platforms enable operators, broadcasters and content owners to provide viewers the choice, usability and convenience they expect.

It is our belief that successful media companies and services will be those that are most consumer-centric, data driven and flexible to change. We focus on innovating technologies that enable our customers stay ahead of evolving viewer demand by providing smarter, more cost-effective ways of delivering end-to-end modern TV and video experiences to consumers. By anticipating technological and behavioural audience trends, our software solutions empower our customers to heighten viewer enjoyment, drive growth in audience share and ultimately, their profitability.

Aferian plc has two operating companies: 24i, which focusses on streaming video experiences, and Amino, which connects Pay TV to streaming services. Our two complementary companies combine their products and services to create solutions which ensure that people can consume TV and video how and when they want it. Our solutions deliver modern TV and video experiences every day to millions of viewers globally, via our growing global customer base of over 500 service providers.

Aferian plc is listed on the London Stock Exchange Alternative Investment Market (AIM: symbol AFRN). Headquartered in Cambridge, UK, the company has over 350 staff located in offices in San Francisco, Amsterdam, Helsinki, Copenhagen, Madrid, Porto, Brno, Buenos Aires, and Hong Kong. For more information, please visit www.aferian.com.