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New shares issued following conversion of convertible loan

Published on (01-09-2017)

Reference is made to the stock exchange announcement made by Funcom N.V. (the “Company”) on 4 January 2017.

Today, the Company has issued 2,413,127 new shares to KGJ Investment S.A. SICAV-SIF following the conversion of the remaining USD 250,000 under the Restated and Amended Convertible Loan Agreement dated 13 April 2016 (as amended from time to time) (the “Convertible Loan”).

The issued share capital of the Company after this capital increase is EUR 10,067,801.96 divided into 251,695,049 shares.

After this transaction, no balance remains under the Convertible Loan, and the only remaining financial liability of the Company relates to the 6,899,194 outstanding bonds with a face value of USD 1 each, a conversion price of USD 0.1036 per share and bearing an interest rate of 3.5% per annum under the Ten per cent Senior Unsecured Convertible Bond Issue 2011/2014 (as amended from time to time).

Funcom N.V.

Badhoevedorp, the Netherlands, 9 January 2017

This information is subject to the disclosure requirements acc. to § 5-12 vphl (Norwegian Securities Trading Act)

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