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Times Internet CFO Rajesh Kunnath resigns; joins OnMobile

Rajesh Kunnath, Chief Financial Officer of Times Internet Limited
has resigned from the company and has joined mobile VAS company OnMobile Global
Limited as its CFO.

Rajesh Kunnath, Chief Financial Officer of Times Internet Limited
has resigned from the company and has joined mobile VAS company OnMobile Global
Limited as its CFO.

OnMobile has informed the Bombay Stock Exchange that the
Board of Directors of the Company at its meeting held on May 25, 2012 has inter
alia considered and approved the resignation of  Amit Rastogi as the Chief Financial Officer of
the Company submitted on April 10, 2012 and accepted by the Board w.e.f. May
25, 2012. The board has also accepted the appointment of  Rajesh Kunnath as the Chief Financial Officer
of the Company w.e.f. May 23, 2012.

Kunnath joined Benett Coleman & Co Limited
as CFO of Private Treaties in June 2008 and was named the CFO of Times Internet
Limited in April 2009. Prior to that, Rajesh Kunnath has worked with Heinz
India and Hindustan Unilever.

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