Evine Live Inc. (EVLV): Cannell Capital Trims Exposure

* Based on information set forth on the Form 10-K of EVINE Live Inc.,
(the “Company”) as filed with the Securities and Exchange Commission on
April 1, 2016, there were 57,170,245 shares of Common Stock par value $0.01
per share (the “Shares”), of the Company issued and outstanding as of
March 28, 2016.

   As of April 6, 2016 (the “Reporting Date”), the Cuttyhunk Master Portfolio
(“Cuttyhunk”), Tristan Partners, L.P. (“Tristan”),
the Tristan Offshore Fund Ltd. (“Tristan Offshore”),
Tonga Partners, L.P. (“Tonga”), and sundry separately managed accounts, over
which J. Carlo Cannell has investment discretion (the “Cannell SMAs” and collectively
with Cuttyhunk, Tonga, Tristan and Tristan Offshore, the “Investment Vehicles”),
held in the aggregate 3,997,549 Shares.