On July 10, 2020, Mitchell Stern notified Leaf Group Ltd. (the "Company") of his resignation from the Board of Directors (the "Board") of the Company, and from the Compensation Committee and the Audit Committee (where he served as Chair), effective as of July 10, 2020. Mr. Stern's decision to resign was not related to any disagreement with the Company on any matter relating to the Company's operations, policies or practices.