DATA Group Ltd. announced that Michael Sifton, the President and Chief Executive Officer of DATA, has tendered his resignation as an officer of the company for personal reasons, with an effective date of July 3, 2016. The board of directors of the company will commence a search for Mr. Sifton's successor and expects to announce his replacement prior to the effective date of his resignation. Under the terms of the credit facilities made available to the company by the Integrated Private Debt division of Integrated Asset Management Corp.

if the Chief Executive Officer of the Company voluntarily resigns as an officer of DATA, the Company will have 60 days from the effective date of the officer's resignation to replace such officer, such replacement officer to be satisfactory to IAM, acting reasonably.