Mr. Hans Peter Jebsen controls the company Kristian Gerhard Jebsen Group Ltd. that in turn controls the company Stelt Holding N.V. Mr. Jebsen also controls the company Tom Dahl AS.

Companies directly and indirectly controlled by Mr. Jebsen (Stelt Holding N.V. and Tom Dahl AS), hold 12,133,075 shares and votes in Funcom N.V., representing 22.51 % of the shares and votes in the company in addition to 5,000,000 warrants to subscribe for shares in the company (one warrant giving the right to subscribe for one share). The warrants can be exercised at a strike price of USD 1.67 per warrant. Of the aggregate number of shares held, Stelt Holding N.V. holds 11,950,525 shares and Tom Dahl AS holds 182,550 shares. Stelt Holding N.V. holds all 5,000,000 warrants.

On 12 January 2012, an Extraordinary General Meeting of Funcom N.V. approved the issuance of a convertible bond loan by Funcom N.V. Stelt Holding N.V. has been allocated an amount of USD 6 million of the loan (equal to 60 bonds). Stelt Holding N.V. has a right to convert the allocated bonds into a total of 4,379,562 shares in the company at a conversion price of USD 1.37 per share (subject to adjustments stipulated in the bond loan agreement). The amount of bonds held can be converted partly or in full. The conversion right will be exercisable at any time during the period commencing on the 41st banking day following the issue date (22 December 2011) and ending on the tenth (10) banking day prior to the Maturity Date (22 December 2014) or, if earlier, the tenth (10) banking day prior to the date for redemption of the bonds.

In total, Mr. Jebsen's direct and indirect current holding of shares and rights to shares (in the form of the warrants and convertible bonds mentioned above) in Funcom N.V. amounts to 39.91 % of the currently issued shares and votes in the company.