On September 24, 2015, each of Messrs. Andrew Roberto, James Nelson and Hunter Gary notified Voltari Corporation (the Company) of his resignation from the Board of Directors of the Company and each committee of the Board on which he served, effective September 25, 2015. None of the resignations of Messrs.

Roberto, Nelson and Gary was a result of any disagreement with the Company or the Company's Board. On September 24, 2015, the Board appointed Mr. Peter Shea as a director of the Company, effective September 25, 2015. The Board also appointed Mr. Shea as Chairperson of the Board, Chairperson of the Compensation and Governance and Nominating Committees and as a member of the Audit Committee.

Mr. Shea, age 64, has served as an operating partner of Snow Phipps, since 2013. Mr. Shea has served as an operating advisor for OMERS Private Equity (private equity division of the Ontario Municipal Retirement System) since 2011. Mr. Shea has served as the Chairman of FeraDyne Outdoors, LLC, and Teasedale Foods Inc., since 2014.

Mr. Shea has also served as a director of: Hennessy Capital Partners II, since 2015; CVR Partners LP (UAN), since 2014; Give and Go Prepared Foods, since 2012; and Viskase Companies (VKSC), since 2006. Mr. Shea was previously a director of: Hennessy Capital Partners I, from 2014 to February 2015; Sitel World Wide Corp., from 2011 to September 2015; and CTI Foods, from 2010 to 2014. On September 28, 2015, the Board appointed Kenneth Goldmann, age 68, as Chief Administrative and Accounting Officer of the Company, effective as of October 5, 2015.

Mr. Goldmann is a founding partner of Vantage CFO Partners LLC. Mr. Goldmann served as a partner at Cohn Reznick, from 2004 until his retirement in 2013.