Update on Strategic Review

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24 April 2026

 Team Internet Group plc

("Team Internet" or the "Company" or the "Group")

Update on Strategic Review, Capital Structure and Current Trading

Team Internet Group plc (AIM: TIG, OTCQX: TIGXF), the global internet company that generates recurring revenue from powering identity and discovery online, is pleased to report progress on the strategic review initiated in November 2025, together with updates on capital structure initiatives and current trading.

Strategic Review of DIS

As previously announced on 11 November 2025, the Company initiated a strategic review of its DIS business following receipt of inbound interest. At that time, the Company indicated its belief that the DIS business could command a valuation materially in excess of the Company's market capitalisation, which was approximately £120 million[1].

Since that announcement, the process has progressed with a number of highly engaged parties. The Board has taken a disciplined approach to ensure broad participation, supporting competitive tension and value maximisation.

In light of the Company's current market capitalisation[2], the Board considers it appropriate to reiterate that, based on indicative levels of interest received to date, it continues to expect that any transaction, if concluded, would be at a valuation materially exceeding the Company's market capitalisation at the time of the initial announcement on 11 November 2025, with the level of engagement observed to date reinforcing this expectation.

There can be no certainty that any transaction will be completed, nor as to the terms of any such transaction.

Financing and Capital Structure

In parallel with the strategic review, the Company is taking proactive steps to optimise its capital structure and enhance optionality in the ongoing process.

The Company has mandated Pareto Securities to arrange a series of fixed income investor meetings. A related investor presentation is available on the Company's website.

Current Trading

The Group's trading performance in 2026 to date has been in line with expectations. The transition of the Search segment from AFD to RSOC is now substantially complete, positioning the segment for more stable performance going forward. The Group continues to take a disciplined approach to cost management across its segments, with a focus on efficiency and operational leverage. The Board therefore believes the Company remains well positioned to continue executing its strategy for each of its divisions independently, while pursuing a potential transaction involving the DIS business, supporting the Group's objective to maximise value for shareholders.

The Company expects to publish its audited full year results for 2025 in late May 2026.

CEO Comment

Michael Riedl, CEO of Team Internet Group, said:

"We have approached the strategic review of DIS in a disciplined and value-driven manner, ensuring broad participation and a competitive process. The level of engagement we are seeing from well-funded counterparties reinforces our conviction in the intrinsic value of the DIS business.

At the same time, our underlying Group continues to trade in line with expectations, with the transition in Search now substantially complete and our core businesses performing well. This gives us the confidence and flexibility to pursue the outcome that delivers the best value for shareholders."

Enquiries

For further information, please contact:

Team Internet Group plc +44 (0) 203 388 0600

Michael Riedl, Chief Executive Officer

William Green, Chief Financial Officer

Zeus Capital Limited (NOMAD and Joint Broker)

James Edis / Dan Bate (Investment Banking) +44 (0) 161 831 1512

Dominic King (Corporate Broking) +44 (0) 203 829 5000

Berenberg (Joint Broker) +44 (0) 203 207 7800

Mark Whitmore / Richard Andrews

SEC Newgate (for media) +44 (0) 203 757 6880

Bob Huxford / Harry Handyside / Gwen Samuel [email protected]

About Team Internet Group plc

Everything begins with a name. Team Internet (AIM: TIG, OTCQX: TIGXF) powers identity and discovery online, enabling businesses, brands and consumers to establish their digital presence and realise their ambitions.

 The Company is a leading global internet solutions business operating in two highly attractive markets: domain name management, identity and software solutions (DIS segment) and digital advertising (Comparison and Search segments).

The DIS segment is a critical component of the global online presence and productivity ecosystem, where the Company serves as a core distribution channel for domain names and a wide range of digital products.

The Company's Comparison and Search segments create privacy-safe, AI-generated consumer journeys that convert general-interest media users into confident, high-conviction consumers through advertorial and review websites.

The Company's high-quality earnings derive from subscription-based recurring revenues in the DIS segment and revenue-share arrangements under rolling utility-style contracts in the Comparison and Search segments.

For more information please visit: www.teaminternet.com

Forward-Looking Statements

This document includes forward-looking statements. Whilst these forward-looking statements are made in good faith, they are based upon the information available to Team Internet at the date of this document and upon current expectations, projections, market conditions and assumptions about future events. These forward-looking statements are subject to risks, uncertainties and assumptions about the Group and should be treated with an appropriate degree of caution.