5th Planet Games A/S — M&A Activity 2022

Jun 28, 2022

Result of mandatory offer to acquire all shares in 5th Planet Games A/S

Result of mandatory offer to acquire all shares in 5th Planet Games A/S

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL

Reference is made to the mandatory offer dated 27 May 2022 (the "Mandatory Offer") to acquire all shares in 5th Planet Games A/S ("5PG") that are not already owned by Skybound Game Studios, Inc. ("Skybound") at an offer price of NOK 0.60968 per share. The acceptance period for the Mandatory Offer expired on 27 June 2022 at 16:30 CEST.

Upon expiry of the acceptance period for the Mandatory Offer, Skybound had received valid acceptances for in total 41,756 shares, corresponding to approximately 0.025% of the registered share capital and voting rights in the Company.

Following completion of the Mandatory Offer and subject to due settlement of the shares for which acceptances are received, Skybound will own 57,849,129 shares, representing approximately 35.25% of the total registered share capital and voting rights in the Company.

The number of acceptances for which shares are received in the Mandatory Offer may change based on final counting at the time of settlement.

In accordance with the terms of the Mandatory Offer, settlement of the Mandatory Offer will be made in NOK as soon as reasonably possible and no later than 14 calendar days after expiry of the offer period. The latest date on which settlement of the Mandatory Offer will be made is 11 July 2022.

Advisors

Norne Securities AS is acting as receiving agent in connection with the Mandatory Offer. Wikborg Rein Advokatfirma AS is acting as Norwegian legal advisor to Skybound, while Kromann Reumert is acting as Danish legal advisor to Skybound in connection with the Mandatory Offer