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

Item 5.

Interest in Securities of the Issuer.

Item 5 is hereby amended
and restated to read as follows:

The aggregate
percentage of Shares reported owned by each person named herein is based upon 48,565,886 Shares outstanding as of September
1, 2017, which is the total number of Shares outstanding as reported in the Issuer’s Quarterly Report on Form 10-Q
filed with the Securities and Exchange Commission on August 4, 2017, less the three-million Shares that were repurchased by
the Issuer pursuant to the Repurchase Agreement defined and described in Item 4.

A.

Okumus Fund Management

(a)

Okumus Fund Management, as the investment manager of Opportunistic Value Fund may be deemed the beneficial owner of the 6,526,833 Shares owned by Opportunistic Value Fund.

Percentage: Approximately
13.4%

(b)

1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 6,526,833 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 6,526,833

(c)

Okumus Fund Management has not entered into any transactions in the Shares during the past sixty days. The transactions in the Shares by Opportunistic Value Fund during the past sixty days are set forth in Schedule A and are incorporated herein by reference.

B.

Opportunistic Value Fund

(a)

As of the close of business on September 1, 2017, Opportunistic Value Fund beneficially owned 6,526,833 Shares.

Percentage: Approximately
13.4%

(b)

1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 6,526,833 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 6,526,833

(c)

The transactions in the Shares by Opportunistic Value Fund during the past sixty days are set forth in Schedule A and are incorporated herein by reference.