Outcome of Court Hearing on Capital Reduction

Team Internet Group Plc (AIM: TIG), the global internet company that generates recurring revenue from creating meaningful and successful connections: businesses to domains, brands to consumers, publishers to advertisers, announces that the proposed cancellation of its share premium account (the "Capital Reduction"), details of which were set out in the circular published by the Company on 7 September 2023 and which was approved by shareholders on 28 September 2023, was sanctioned earlier this week by the High Court of Justice of England and Wales (the "Court").