 Investors owning over 40 of the issued and outstanding shares of Leaf Group Ltd. Leaf Group or the Company NYSE: LEAF including Osmium Partners LLC, PEAK6 Investments LLC, Boyle Capital Opportunity Fund, LP, Oak Management Corp., Generation Capital Partners II LP, Generation Partners II LLC, Spectrum Equity Investors V, L.P. and Spectrum V Investment Managers Fund, L.P. together, the Investor Group today issued the following statement: 