5th Planet Games A/S — Capital/Financing Update 2015

Jun 4, 2015

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, HONG KONG OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL

PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS STOCK EXCHANGE NOTICE

Hugo Games A/S launches Initial Public Offering on 8 June 2015

-- 4 June 2015

Reference is made to the stock exchange notice of 20 May 2015 where Hugo Games A/S ("Hugo Games" or the "Company") announced that the Company had sent an application for listing on Oslo Axess.

The board of directors of Hugo Games has on 3 June 2015 resolved to do an initial public offering of minimum of 3,168,730 and a maximum of 5,000,000 new shares at a subscription price of NOK 11 per share, corresponding to minimum NOK 35 million and maximum NOK 55 million in gross proceeds (the "IPO"). The company has entered into underwriting and pre-commitment agreements with guaranteed allocation for a total of NOK 50.5 million.

The Financial Supervisory Authority of Denmark has approved a prospectus dated 3 June 2015 (the "Prospectus") that has been prepared in connection with the IPO and listing of the Company's shares on Oslo Axess. The Prospectus will be passported to Norway and will, subject to regulatory restrictions in certain jurisdictions, be available from 8 June 2015 at www.hugogames.com and www.norne.no and will also be available free of charge at the business offices of the Company and the Manager.

The Company will publish a stock exchange notice together with publication of the Prospectus on 8 June 2015, detailing the structure of the Offering. The listing application of Hugo Games will be considered at the board meeting of Oslo Børs on 17 June 2015.

Norne Securities AS is acting as manager in connection with the Offering.

Henrik Kølle CEO and founder of Hugo Games A/S www.hugogames.com

About Hugo:

Hugo Games A/S is a mobile gaming and licensing company located in Copenhagen, Denmark. Hugo Games develops mobile games and interactive cross-media entertainment content based on the company's intellectual property Hugo the Troll, as well as other IP´s. Hugo Games will launch the character Hugo and other IP's on the mobile gaming platform in 2015, mainly within the casual gaming genre. The launch and focus of Hugo Games is global.

Important notice:

The contents of this announcement have been prepared by, and are the sole responsibility of, the Company. The Company's financial advisors are acting exclusively for the Company and no one else, and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients, or for advice in relation to the Offering, the contents of this announcement or any of the matters referred to herein. The Offering and the distribution of this announcement and other information in connection with the Offering may be restricted by law in certain jurisdictions. The Company assumes no responsibility in the event there is a violation by any person of such restrictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about, and to observe, any such restrictions. This announcement may not be used for, or in connection with, and does not constitute, any offer of securities for sale in the United States or in any other jurisdiction.

The Offering will not be made in any jurisdiction or in any circumstances in which such offer or solicitation would be unlawful. This announcement is not for distribution, directly or indirectly in or into any jurisdiction in which it is unlawful to make any such offer or solicitation to such person or where prior registration or approval is required for that purpose. No steps have been taken or will be taken relating to the Offering in any jurisdiction outside of Norway or Denmark in which such steps would be required. Neither the publication and/or delivery of this announcement shall under any circumstances imply that there has been no change in the affairs of the Company or that the information contained herein is correct as of any date subsequent to the earlier of the date hereof and any earlier specified date with respect to such information.

This announcement does not constitute an offering circular or prospectus in connection with an offering of securities of the Company. Investors must neither accept any offer for, nor acquire, any securities to which this document refers, unless they do so on the basis of the information contained in the prospectus made available by the Company only to qualified persons in certain jurisdictions where an offer may be made (if an offer is made). This announcement does not constitute an offer to sell or the solicitation of an offer to buy or subscribe for, any securities and cannot be relied on for any investment contract or decision.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.