Tranche Update on CTPartners Executive Search Inc.'s Equity Buyback Plan announced on February 1, 2012.

CTPartners Executive Search Inc. (CTPartners) is a provider of retained executive search services to clients on a global basis. SearchSigma is the Company's retained executive search process. SearchSigma also enables its executive search consultants and the clients to actively monitor the status of each search and make adjustments to the search process as necessary. The Company also offers ClientNet, a system for client communication. The Company's primary six industry practice groups are financial services, professional services, life sciences, technology/media/telecom, consumer/retail, and industrial. The Company helps its clients build leadership teams by facilitating the recruitment and hiring of C-level executives, other senior executives and board members. The Company's retained executive search services focuses on making placements for its clients in a timely manner. During the year ended December 31, 2014, the Company was engaged to perform 1,742 searches.