13D Filing: Okumus Fund Management and Web.com Group Inc. (WEB)

As of the date hereof, Okumus Fund Management
may be deemed to be the beneficial owner of 6,045,360 Shares, constituting 11.7% of
the Shares, based upon 51,565,886 Shares outstanding as of the date hereof. Okumus Fund Management has the sole power to vote or
direct the vote of 0 Shares and the shared power to vote or direct the vote of 6,045,360
Shares. Okumus Fund Management has the sole power to dispose or direct the disposition of 0 Shares and the shared power to dispose
or direct the disposition of 6,045,360 Shares.

As of the date hereof, the Opportunistic Value
Fund may be deemed to be the beneficial owner of 6,045,360 Shares, constituting 11.7%
of the Shares, based upon 51,565,886 Shares outstanding as of the date hereof. The Opportunistic Value Fund has the sole power
to vote or direct the vote of 0 Shares and the shared power to vote or direct the vote of 6,045,360
Shares. The Opportunistic Value Fund has the sole power to dispose or direct the disposition of 0 Shares and the shared power to
dispose or direct the disposition of 6,045,360 Shares.

By virtue of Mr. Okumus’ position as the President
of Okumus Fund Management, as of the date hereof, Mr. Okumus may be deemed to be the beneficial owner of 6,045,360
Shares, constituting 11.7% of the Shares, based upon 51,565,886 Shares outstanding as of the date hereof. Mr. Okumus has the sole
power to vote or direct the vote of 0 Shares and the shared power to vote or direct the vote of 6,045,360
Shares. Mr. Okumus has the sole power to dispose or direct the disposition of 0 Shares and the shared power to dispose or direct
the disposition of 6,045,360 Shares.

Other than (i) the sale of 3,000,000 Shares
to the Issuer pursuant to the terms of the Repurchase Agreement, and (ii) the call options written by the Issuer described in Item
6 below, the transactions in the Shares by the Reporting Persons during the past sixty days are set forth on Exhibit B. Each reported
transaction was an open market transaction.

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