13D Filing: Edenbrook Capital, LLC and Marchex Inc (MCHX)

As of the date hereof, (i) Edenbrook and Mr.
Brolin may be deemed to be the beneficial owners of 4,120,129 shares of Class B Common Stock, constituting 10.7% of the shares
of Class B Common Stock, based upon 38,613,134 shares of Class B Common Stock outstanding as of November 3, 2017, as set forth
in the Quarterly Report on 10-Q for the quarterly period ended September 30, 2017 filed by the Issuer on November 6, 2017 and (ii)
the Fund may be deemed to be the beneficial owner of 3,229,430 shares of Class B Common Stock, constituting 8.4% of the shares
of Class B Common Stock, based upon 38,613,134 shares of Class B Common Stock outstanding as of November 3, 2017, as set forth
in the Quarterly Report on 10-Q for the quarterly period ended September 30, 2017 filed by the Issuer on November 6, 2017.

Edenbrook has the sole power to vote or direct
the vote of 0 shares of Class B Common Stock; has the shared power to vote or direct the vote of 4,120,129 shares of Class B Common
Stock; has the sole power to dispose or direct the disposition of 0 shares of Class B Common Stock; and has the shared power to
dispose or direct the disposition of 4,120,129 shares of Class B Common Stock.

The Fund has the sole power to vote or direct
the vote of 0 shares of Class B Common Stock; has the shared power to vote or direct the vote of 3,229,430 shares of Class B Common
Stock; has the sole power to dispose or direct the disposition of 0 shares of Class B Common Stock; and has the shared power to
dispose or direct the disposition of 3,229,430 shares of Class B Common Stock.

Mr. Brolin has the sole power to vote or direct
the vote of 0 shares of Class B Common Stock; has the shared power to vote or direct the vote of 4,120,129 shares of Class B Common
Stock; has the sole power to dispose or direct the disposition of 0 shares of Class B Common Stock; and has the shared power to
dispose or direct the disposition of 4,120,129 shares of Class B Common Stock.

The transactions by the Reporting Persons in
the securities of the Issuer during the past sixty days are set forth in Exhibit B. All such transactions were carried out in open
market transactions.

The Reporting Persons specifically disclaim
beneficial ownership in the shares of Class B Common Stock reported herein except to the extent of their pecuniary interest therein.

Exhibit A: Joint Filing Agreement

Exhibit B: Schedule of Transactions in Common Stock