Tremor Video, Inc. (NYSE:TRMR), the premium video marketplace that provides buyers and sellers with software for video ad effectiveness, announced today that its Board of Directors has approved a share repurchase program, under which the Company is authorized to purchase up to $15 million of its common stock over the eighteen month period commencing March 25, 2016.

"Our Board of Directors and executive team believe that Tremor Video’s growth prospects, long-term strategy and successful execution of its business are not reflected in the Company’s current stock price, which represents an attractive investment opportunity,” said Bill Day, Tremor Video Chief Executive Officer. “We believe that our strong balance sheet and cash position enable us to return value to shareholders through share repurchases while still affording us the ability to pursue disciplined investments in our future growth."

The repurchase program allows the Company to repurchase its common stock using open market stock purchases or privately negotiated transactions in compliance with Rule 10b-18 of the Securities Exchange Act of 1934, as amended. Due to applicable securities laws, the Company’s repurchase of shares will not begin before the release of the Company’s financial statements for the quarter ending March 31, 2016, which is expected to be in mid-May. The number of shares repurchased and the timing of repurchases will depend on a number of factors, including, but not limited to, share price, trading volume and general market conditions, along with working capital requirements, general business conditions and other factors. The share repurchase program may be suspended, modified or discontinued at any time at the Company’s discretion. The Company intends to finance the share repurchase program through cash on hand.

The Company had approximately 52.2 million shares of common stock outstanding as of December 31, 2015.

About Tremor Video

Tremor Video provides software for video advertising effectiveness. Our buyer and seller platforms enable seamless transactions in a premium video marketplace by offering control and transparency to clients. We employ patented all-screen technology to make every advertising moment more relevant for consumers and deliver maximum results for buyers and sellers.

Forward-Looking Statements

This press release contains forward-looking statements that involve risks, uncertainties, assumptions and other factors that could cause actual results and the timing of certain events to differ materially from those set forth in or implied by such forward-looking statements, including the ability of the Company to consummate the repurchases under the share repurchase program due to changes in its stock price, the nature of other investment opportunities presented to the Company from time to time, the Company's cash flows from operations, general economic conditions, and other factors identified under the caption "Risk Factors" in the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission for the year ended December 31, 2015. Forward-looking statements are not guarantees of future performance or events and investors are cautioned not to place undue reliance on any forward-looking statement. Furthermore, forward-looking statements speak only as of the date on which they are made, and, except as required by law, Tremor Video disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.

Investor Relations:Tremor Video, Inc.Andrew Posen, 212-792-2315Senior Director Investor RelationsIR@TremorVideo.com

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