Market Overview

Perion Network to Affect a Reverse Stock Split on August 24, 2018

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Perion Network Ltd. (NASDAQ:PERI), a global innovator in delivering
digital marketing solutions for brands that are relentlessly focused on
their consumer relationships, announced on August 9th,
following the approval of Perion's shareholders, that Perion will affect
a reverse split of Perion's ordinary shares at the ratio of 3:1, such
that each three ordinary shares, par value NIS 0.01 per share, shall be
consolidated into one ordinary share, par value NIS 0.03 (the "Reverse
Split
"). The record date for determining which holders of Perion's
ordinary shares will have their holdings adjusted as a result of the
reverse share split will be the close of business on Friday, August 24,
2018.

The first date when Perion's ordinary shares will begin trading on the
Tel Aviv Stock Exchange Ltd. ("TASE") after implementation of the
Reverse Split will be Sunday, August 26, 2018.

The first date when the Perion's ordinary shares will begin trading on
the NASDAQ Global Select Market after implementation of the Reverse
Split will be Monday, August 27, 2018.

About Perion Network Ltd.

Perion is a global technology company that delivers advertising
solutions to brands and publishers. Perion is committed to providing
data-driven execution, from high-impact ad formats to branded search and
a unified social and mobile programmatic platform. More information
about Perion may be found at www.perion.com,
and follow Perion on Twitter @perionnetwork.

Forward Looking Statements

This press release contains historical information and forward-looking
statements within the meaning of The Private Securities Litigation
Reform Act of 1995 with respect to the business, financial condition and
results of operations of Perion. The words "will", "believe," "expect,"
"intend," "plan," "should" and similar expressions are intended to
identify forward-looking statements. Such statements reflect the current
views, assumptions and expectations of Perion with respect to future
events and are subject to risks and uncertainties. Many factors could
cause the actual results, performance or achievements of Perion to be
materially different from any future results, performance or
achievements that may be expressed or implied by such forward-looking
statements, or financial information, including, among others, the
failure to realize the anticipated benefits of companies and businesses
we acquired and may acquire in the future, risks entailed in integrating
the companies and businesses we acquire, including employee retention
and customer acceptance; the risk that such transactions will divert
management and other resources from the ongoing operations of the
business or otherwise disrupt the conduct of those businesses, potential
litigation associated with such transactions, and general risks
associated with the business of Perion including intense and frequent
changes in the markets in which the businesses operate and in general
economic and business conditions, loss of key customers, unpredictable
sales cycles, competitive pressures, market acceptance of new products,
inability to meet efficiency and cost reduction objectives, changes in
business strategy and various other factors, whether referenced or not
referenced in this press release. Various other risks and uncertainties
may affect Perion and its results of operations, as described in reports
filed by Perion with the Securities and Exchange Commission from time to
time, including its annual report on Form 20-F for the year ended
December 31, 2017 filed with the SEC on March 27, 2018. Perion does not
assume any obligation to update these forward-looking statements.

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