Exercise of Warrants and TVR

For Immediate Release

20 July 2012

TOP LEVEL DOMAIN HOLDINGS LIMITED

("TLDH" or the "Company")

Exercise of Warrants and TVR

TLDH announces that it has issued 1,000,000 new ordinary shares pursuant to an exercise of 1,000,000 warrants at an exercise price of 4p each.

The new shares will rank, pari passu, with the existing ordinary shares. Application will be made for these new ordinary shares to be admitted to trading on AIM and admission is expected to take place on or around 26 July 2012.

Following the exercise of warrants, the Company's issued share capital consists of 517,708,246 ordinary shares, with voting rights. This figure may be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Service Authority's Disclosure and Transparency Rules.

For further information, please contact:

Top Level Domain Holdings Limited

North America

Antony Van Couvering Tel: +1 917 406 7126

Beaumont Cornish Limited (Nomad) Tel +44 (0) 20 7628 3396

Roland Cornish

Michael Cornish

XCAP Securities plc (Joint Broker) Tel: +44 (0) 20 3216 2661/2667

Karen Kelly

Halimah Hussain

Daniel Stewart & Company plc (Joint Broker) Tel: +44 (0) 20 7776 6550

Martin Lampshire

gth media relations

Toby Hall /Suzanne Johnson Walsh Tel: +44 (0) 20 3103 3903/2

Or visit the group's website at www.tldh.org

ENDS