X0303 4 2010-04-16 1 0001080359 ALLOY INC ALOY 0001161175 KLEINHEINZ CAPITAL PARTNERS, INC. 301 COMMERCE STREET SUITE 1900 FORT WORTH TX 76102 0 0 0 1 Terminating a 13(d) 10% Group 0001421810 Kleinheinz Capital Partners LDC C/O WALKERS SPV LTD. WALKER HOUSE, 87 MARY STREET GEORGE TOWN E9 KY1-9001 CAYMAN ISLANDS 0 0 0 1 Member of a 10% Group 0001165595 GLOBAL UNDERVALUED SECURITIES MASTER FUND LP C/O BNY MELLON ALTERNATIVE INVESTMENT SE 48 PAR LA VILLE ROAD SUITE 464 HAMILTON HMII D0 0000 BERMUDA 0 0 0 1 Member of a 10% Group 0001306112 Global Undervalued Securities Fund Ltd C/O BNY MELLON ALTERNATIVE INVESTMENT SE 48 PAR LA VILLE ROAD SUITE 464 HAMILTON HM 11 BERMUDA D0 00000 BERMUDA 0 0 0 1 Member of a 10% Group 0001081865 KLEINHEINZ JOHN B 301 COMMERCE STREET SUITE 1900 FORT WORTH TX 76102 0 0 0 1 Member of a 10% Group 0001090351 GLOBAL UNDERVALUED SECURITIES FUND LP C/O BNY MELLON ALTERNATIVE INVESTMENT SE 48 PAR LA VILLE ROAD SUITE 464 HAMILTON D0 HM11 BERMUDA 0 0 0 1 Member of a 10% Group 0001302660 Global Undervalued Securities Fund QP L P C/O BNY MELLON ALTERNATIVE INVESTMENT SE 48 PAR LA VILLE ROAD SUITE 464 HAMILTON N H 11 D0 00000 BERMUDA 0 0 0 1 Member of a 10% Group Common Stock 402061 I See Footnotes Represents shares of common stock ("Common Stock") of Alloy, Inc. (the "Issuer") directly beneficially owned by Global Undervalued Securities Master Fund, L.P. ("Global Master"). Pursuant to a Group Termination Agreement dated April 16, 2010, Kleinheinz Capital Partners, Inc. ("Kleinheinz"), Kleinheinz Capital Partners LDC ("LDC"), Global Undervalued Securities Fund, L.P. ("Global, L.P."), Global Undervalued Securities Fund (QP), L.P. ("Global QP"), Global Undervalued Securities Fund, Ltd. ("Global Ltd."), Global Master and John B. Kleinheinz ("Mr. Kleinheinz", and collectively with Kleinheinz, LDC, Global, L.P., Global QP, Global Ltd. and Global Master, the "Reporting Persons") terminated their "group" for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act") with (see Footnote 3) (cont. Footnote 2) BD Media Investors LP, SRB Greenway Opportunity Fund, (QP), L.P., SRB Greenway Opportunity Fund, L.P., SRB Management, L.P., BC Advisors, LLC, Steven R. Becker and Matthew A. Drapkin (the "Greenway Parties") and terminated the Joint Filing Agreement entered into on December 17, 2009 by and between the Reporting Persons and the Greenway Parties. After giving effect to such termination, the Reporting Persons are no longer subject to Section 16 of the Exchange Act. Kleinheinz, as the investment manager of Global, L.P., Global QP, Global Ltd. and Global Master; LDC, as the general partner of Global, L.P. and Global QP; Global, L.P., as a general partner of Global Master; Global QP, as a general partner of Global Master; Global Ltd., as a general partner of Global Master; and Mr. Kleinheinz as the sole director and President of Kleinheinz and a director of LDC, may in each case be deemed to be beneficial owners of the securities reported herein for purposes of Rule 16a-1(a) of the Exchange Act. Kleinheinz, LDC, Global, L.P., Global QP, Global Ltd. and Mr. Kleinheinz disclaim any beneficial ownership of any Common Stock listed herein, except to the extent of any pecuniary interest therein. See Exhibit 99.1 2010-04-19