Trading Update

24 May 2013

                         TITANIA INTERNET VENTURES PLC

                         ("Titania" or "the Company")

                                Trading Update

The board of Titania (the "Board") announces that Playasol Limited, the
Company's wholly owned Cyprus incorporated trading subsidiary, has suspended
the operation of Titania's "BIDPANDA.COM" business-to-consumer penny auction.
The Board has taken this decision in light of recent low levels of sales from
the business-to-consumer penny auction and recent reductions of employees at
Playasol Limited.

On 28 March 2013, the Company stated that during the six month period ended 31
December 2012, the Company had shifted the focus of its software licensing
strategy, specifically by offering the Company's capabilities as a white-label
service to third parties.

It has been the Board's overall strategic intention to reduce the Company's
emphasis on business-to-consumer penny auctions and to concentrate on offering
white-label business-to-business penny auction services.

At this stage, the Board believes that the suspension of the BIDPANDA.COM
business-to-consumer penny auction should have no immediate material impact on
the underlying business of Titania, or on the auction assets owned by the
Company. The Board is examining alternative options for BIDPANDA.COM, including
potentially selling the business-to-consumer penny auction service to a third
party whilst retaining the core auction technological assets. Further
announcements will be made as and when appropriate.

THE DIRECTORS OF THE COMPANY ACCEPT RESPONSIBILITY FOR THIS ANNOUNCEMENT.

                                   --ENDS--

Enquiries:

TITANIA INTERNET VENTURES PLC
Pasi Marjanen
Tel: +357 22 030470
pasi.marjanen@titaniaplc.com

SVS Securities plc - PLUS Corporate Adviser
Peter Ward / Alexander Brearley
Tel: +44 (0)20 7638 5600

END

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