Vivid Games S.A.

Business and Financial Review • Jun 26, 2025

Report Content With reference to Current Report No. 19/2025 dated June 9, 2025, theManagement Board of Vivid Games (hereinafter referred to as the "Issuer"or "Company") announces that it has reviewed the progress of thedevelopment and release of Real Boxing 3 and, together with the projectteam, has updated the project schedule.

In view of the postponement of the release of Real Boxing 3 and thedeclining revenue from the distribution of the other games, especiallyReal Boxing 2, the Management Board decided on June 26, 2025, toinitiate a review of strategic options, as a result of which it willdetermine, by the end of July 2025, the most optimal source of financingfor the Company until the distribution of Real Boxing 3 begins.

As part of the review of strategic options, the Company's ManagementBoard intends to evaluate, among other things, the following options:

- Sale of the rights to the Real Boxing 2 game to an industry entity,excluding participation in future profits from the distribution of thegame (continuation of negotiations reported by the Issuer in ESPICurrent Report No. 11/2025).

- Sale of part or all of the rights to Real Boxing 2 and/or Real Boxing3 games to an entity that will provide financing for further work onReal Boxing 3 and cover or participate in marketing and user acquisitionexpenses.

- Entering into a loan agreement or increasing the current credit limitwith mBank.

As of the date of publication of this report, the Company's ManagementBoard has not made any decisions related to the selection of a specificoption, and it is uncertain whether it will proceed with any of theoptions presented.

The Company will inform about the further execution of theaforementioned process and the selection of specific options in separatereports.

Disclaimer: This English translation, including all attachments, hasbeen prepared solely for the convenience of English-speaking readers.Despite all efforts devoted to this translation, there may be somediscrepancies, omissions or approximations. In the event of anydifferences between the Polish and English versions, the Polish versionshall prevail. Vivid Games S.A., its representatives and employeesdisclaim all liability in this regard.