World Chess PLC

Capital/Financing Update • Apr 29, 2025

National Storage Mechanism | Additional information

RNS Number : 6724G

World Chess PLC

29 April 2025

World Chess Plc

("World Chess" or the "Company" or the "Group")

Amendment to Loan Facility

World Chess PLC (LSE: CHSS), a leading chess organisation committed to expanding the global appeal of chess, announces that its subsidiary, World Chess Events Limited, has agreed certain amendments to the €6 million loan facility, originally entered into on 27 December 2024.

The loan maturity date has been extended to 31 December 2026. In addition, the interest rate applicable to the facility will increase from 4 per cent. per annum to 12 per cent. per annum with effect from 1 May 2025. Certain other minor terms of the facility have also been amended.

Ilya Merenzon, Chief Executive Officer of World Chess, commented:

"We are pleased to have agreed to these amendments, which provide additional flexibility for the Company to pursue its growth strategy while maintaining a supportive funding structure."

This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended).

For more information, visit: www.worldchess.com or contact:

World Chess Ilya Merenzon, CEO	merenzon@worldchess.com
Novum Securities Limited - Financial Adviser David Coffman / Anastassiya Eley	+44 (0) 20 7399 9400

Notes to Editors

About World Chess Plc

World Chess (LSE: CHSS) is a London-based chess gaming and entertainment company and Fédération Internationale des Échecs ('FIDE') official commercial partner. World Chess organised the FIDE Championship Matches in the USA, and the UK, and revolutionised the sport by signing the biggest media partnerships in history. World Chess develops Armageddon, the chess league for prime-time television. World Chess also runs FIDE Online Arena, the exclusive official chess gaming platform. More at worldchess.com .

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