Update on Strategic Review

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."

[1] Approximately USD 160 million

[2] Approximately £84 million (c. USD 113 million) as of 23 April 2026