5th Planet Games A/S — Share Issue/Capital Change 2016

Jan 26, 2016

Increase in share capital by Private Placement No 3-2016

Increase in share capital by Private Placement No 3-2016

COPENHAGEN, January 26th 2016. Hugo Games A/S (OAX: HUGO), a

mobile interactive entertainment developer and publisher of

mobile games is today commencing a Private Placement issue

of maximum 274.148 new shares. The Private Placement will be

performed at market price without pre-empting rights for

current shareholders.

Background

The increase in share capital is done in order to further

secure the company's ongoing strategy to become a "Tier 1"

mobile company in the Nordic region.

The Issue

The issue is performed as a Private Placement to certain

limited investor(s) without pre-empting rights for current

shareholders of the company. The decision to carry out the

issue through a Private Placement without preferential

rights is considered necessary in the interest of time and

successful completion with respect to contemplated signing

of potential contracts with celebrities and/or subscriptions

by institutional or strategic investors.

Reference is made to the authorisation in the company's

articles of association paragraph 2.5 adopted at the

company's Extraordinary General Meeting of shareholders on

January 6th 2016.

The company will issue maximum 274.148 new shares of DKK

0.5, corresponding to approx. 1% of the registered share

capital of Hugo Games prior to the capital increase. The

board of directors of Hugo Games has received underwriting

agreements for the entire amount of shares. The subscription

price per share is DKK 3,64 calculated as the average

official NOK listing price at closing for the last three

trading days converted into DKK using the official exchange

rate between DKK and NOK on the date of subscription. The

expected proceeds of the Private Placement will be DKK

1,000,000.

The new shares shall carry the same right to dividends and

other rights as the existing shares. The new shares shall

carry such rights from the time of registration of the

capital increase with the Danish Business Authority.

The board of directors may chose to perform subsequent

capital increases on similar terms and this Private

Placement may therefore be the first in a number of rounds

within the scope of the above mentioned authorization. Due

to the volatility of the share prize and the limited

resources of the company it is not necessarily possible to

time and pool all investors in one round and therefore it

may be necessary for the company to carry out a number of

separate rounds as opposed to one common round.

Expected time schedule

The subscription period shall run from today and end on

January 27th 2016. The board of directors may choose to end

the Private Placement before the subscription period has

lapsed.

The capital increase shall be registered with the Danish

Business Authority as soon as the subscription amount has

been received, expected no later than Monday February 1st.

About Hugo Games

Hugo Games A/S (OAX: HUGO) is a Danish global mobile game

developer and publisher located in Copenhagen, Denmark. Hugo

Games is committed to creating compelling and original IP

games such as the Hugo Troll Race series Axe in Face and

Flower Flush. Hugo Games releases games on a wide range of

platforms including iOS, Android, Windows, Amazon and

Facebook.