5th Planet Games A/S — Capital/Financing Update 2018

Jan 8, 2018

Hugo Games - Approved prospectus and start of subsequent offering 02/2018

Hugo Games - Approved prospectus and start of subsequent offering 02/2018

Announcement no. 02/2018

Copenhagen, 8 January 2018

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES.

Reference is made to the announcement on the Oslo Stock Exchange dated 20 November 2017 regarding the completion of a private placement (the "Private Placement") of approximately NOK 44 million in Hugo Games A/S (the "Company").

The Financial Supervisory Authority of Denmark has approved the prospectus in connection with listing of the 18,523,361 New Shares issued in the Private Placement and the subsequent offering and listing of up to 1,476,000 Offer Shares (the "Subsequent Offering"). The prospectus has been passported to Norway and will be made available at www.hugogames.com and www.norne.no today.

The subsequent offering (the "Subsequent Offering") comprises up to 1,476,000 offer shares (the "Offer Shares") at a subscription price of NOK 2.40 per Offer Share aimed at shareholders of the Company as at 20 November 2017 as registered in the Norwegian Central Securities Depositary (the "VPS") on 22 November 2017 (the "Record Date") with the exception of (i) shareholders who were allocated New Shares in the Private Placement and (ii) shareholders who are resident in a jurisdiction where such offering would be unlawful or, for jurisdictions other than Norway or Denmark, would require any filing, registration or similar action (the "Eligible Shareholders").

Each Eligible Shareholder will be granted approximately 0.0949 non-transferrable subscription rights (the "Subscription Rights") for each existing share registered as held by such Eligible Shareholder as at the Record Date (adjusted for the reverse split as announced 27 November 2017). The number of Subscription Rights granted to each Eligible Shareholder will be rounded down to the nearest whole Subscription Right. Each Subscription Right gives the right to subscribe for, and be allocated, one Offer Share in the Subsequent Offering. Over-subscription and subscription without Subscription Rights is not permitted.

The Subscription Rights will be registered in the VPS with ISIN DK0060945541 and be distributed in the VPS-accounts of Eligible Shareholders on or about today, 8 January 2018. Please note that the non-transferable Subscription Rights must be used during the subscription period set out below. After the expiry of the subscription period, the Subscription Rights will have no value and will be deleted from their registration in the VPS.

The subscription period for the Subsequent Offering will commence at 09.00 hours (CET) today, 8 January 2018, and close at 16.30 hours (CET) on 15 January 2018.

Norne Securities AS is manager for Private Placement and Subsequent Offering. DELACOUR Advokatpartnerselskab is legal advisor for the transaction.

The Prospectus, including the Subscription Form, is available at www.norne.no.

For further information, contact:

Peter Ekman, CFO & Investor Relations

Phone: +45 20 65 00 12

Mail: ir@hugogames.com

About Hugo Games

Hugo Games is a Nordic mobile games publisher and developer located in Copenhagen. At Hugo Games we are passionate about games and we are committed to making titles that will engage and bring genuine joy to people for years. We have a consistent portfolio of games globally available across a wide range of platforms including iOS, Android, Windows, Amazon and Facebook. More information available at www.hugogames.com