--  Creates the largest online marketing solutions company focused on the
      $19 billion web services market for small and medium sized businesses
      (SMBs)
  --  Expects to generate strong accretion and substantial unlevered free cash
      flow to service debt and invest in growth
  --  Triples customer base to approximately 3 million subscribers for
      significant cross-sell and upsell opportunities to drive growth
  --  Unique opportunity to leverage increased scale to create a leading
      national brand




JACKSONVILLE, Fla., Oct. 27, 2011 (GLOBE NEWSWIRE) -- Web.com Group,
Inc. (Nasdaq:WWW), a leading provider of internet services and online
marketing solutions for small businesses, today announced the
successful completion of the acquisition of Network Solutions from
NetSol Holdings LLC, a Delaware limited liability company (the
"Seller"), under the terms of the Acquisition Agreement previously
announced on August 3, 2011.

"The acquisition of Network Solutions is an historic event in our
mission to become the go-to provider for everything small- and
medium-sized businesses need to succeed online and leverage
social-local-mobile strategies," David Brown, chairman and chief
executive officer of Web.com, noted. "This transaction more than
doubles our revenue, triples the size of our customer base, and
provides the expanded scale to invest greater resources in growth and
branding initiatives."

Web.com paid NetSol Holdings LLC $405 million in cash and 18 million
shares of Web.com common stock. In addition, Web.com refinanced certain
credit facilities of Network Solutions and paid certain expenses of
Network Solutions relating to the transaction. The cash portion of the
acquisition was funded with new credit facilities, consisting of a
six-year, $600 million first lien term loan, a five-year, $50 million
first lien revolving credit facility (of which $21 million was funded
at closing) and a seven-year, $150 million second lien term loan.

"While the interest expense on our newly issued debt is greater than
previously forecast due to recent deterioration of the debt markets, we
also expect cost synergies to be greater than originally anticipated.
We intend to use the significant free cash flow of our combined company
to aggressively de-lever our balance sheet as well as invest in
growth," noted Brown. "We continue to expect the transaction to be
approximately 20 percent accretive in 2012, with significantly greater
accretion in future years. We believe the positive impact on our
financial profile has the potential to drive a significant increase in
shareholder value over the next 12 to 24 months."

Earlier this week, Web.com stockholders overwhelmingly approved the
issuance of 18 million shares of Web.com common stock, or approximately
37% of the Company, to NetSol Holdings LLC. Anton J. Levy, a member of
the board of directors of the Seller and a Managing Director of General
Atlantic LLC, an affiliate of the Seller, has joined the Web.com board
of directors.

"In addition to greatly expanding the pool of customers that can
benefit from our full suite of Web.com and Network Solutions services,
this transaction also brings us the talents of hundreds of Network
Solutions' employees who are devoted to helping small- and medium-sized
businesses," Brown continued. "Our respect for their professionalism
and passion for excellence was a key component in our pursuit of this
combination, and we are proud to have them join our organization."

Web.com is scheduled to release its 3Q'11 financial results and provide
more details regarding the financial outlook of the combined company
after the U.S. financial markets close on Thursday, November 3, 2011.
More information can be found at http://ir.web.com.

About Web.com

Web.com Group, Inc. (Nasdaq:WWWW) is a leading provider of internet
services and online marketing solutions for small businesses. Web.com
meets the needs of small businesses anywhere along their lifecycle by
offering a full range of online services and support, including domain
name registration services, website design, logo design, search engine
optimization, search engine marketing and local sales leads, general
contractor leads, franchise and homeowner association websites,
shopping cart software, eCommerce web site design and call center
services. For more information on the company, please visit
http://www.web.com/ or call 1-800-GETSITE.

Forward-Looking Statements

This press release includes certain "forward-looking statements"
including, without limitation, statements regarding the acquisition of
Network Solutions and the combined company's forecasted financial
results, anticipated reach, capabilities and opportunities for the
combined company, expected benefits to merchants and other customers,
market opportunities, and expected customer base, that are subject to
risks, uncertainties and other factors that could cause actual results
or outcomes to differ materially from those contemplated by the
forward-looking statements. These forward-looking statements include,
but are not limited to, plans, objectives, expectations and intentions
and other statements that are not historical facts. These statements
are sometimes identified by words such as "believe," "potential,"
"will," "forecast," "expect," "opportunities," or words of similar
meaning. As a result, Web.com's actual results could differ materially
from those anticipated in these forward-looking statements. These
statements are based on Web.com's current beliefs or expectations, and
there are a number of important factors that could cause the actual
results or outcomes to differ materially from those indicated by these
forward-looking statements, including, without limitation, whether the
Web.com and Network Solutions' businesses are successfully integrated,
disruption from the transaction making it more difficult to maintain
relationships with customers, employees or suppliers; risks related to
the successful offering of the combined company's products and
services; the risk that the anticipated benefits of the acquisition may
not be realized; and other risks that may impact Web.com's and Network
Solutions' businesses. Other risk factors are set forth under the
caption, "Risk Factors," in Web.com's Quarterly Report on Form 10-Q for
the quarter ended June 30, 2011, as filed with the SEC, which is
available on a website maintained by the SEC at www.sec.gov. Web.com
expressly disclaims any obligation or undertaking to release publicly
any updates or revisions to any forward-looking statements contained
herein as a result of new information, future events or otherwise


CONTACT:  Web.com
          Susan Datz Edelman
          Director, Investor Relations and Corporate Communications
          904-680-6909
          sedelman@web.com
         
          ICR for Web.com
          Kori Doherty
          617-956-6730
          Kori.doherty@icrinc.com