Ultimate Games S.A.

Capital/Financing Update • Oct 1, 2025

Report Content The Management Board of Ice Code Games S.A., with its registered officein Warsaw (the "Company"), hereby informs that on the date hereof iteffected repayment of two loans in the aggregate principal amount of PLN430,000, together with all costs related to their servicing. Therepayments were made to a shareholder holding more than 5% of theCompany's shares, as a result of which, following today's repayments,the Company continues to hold one outstanding loan from this shareholderin the principal amount of PLN 170,000, with maturity on 31 March 2026(the Management Board reminds that this loan remains subject to theconversion mechanism into the Company's shares, as described in ESPIreport No. 22/2025 dated 23 September 2025).The Management Boardinforms that for the entirety of the amount so received, the shareholdersubscribed for the Company's series K shares issued in connection withthe increase of the Company's share capital. In consequence of the aboverepayments, the relevant loan agreements have been terminated, and thesubscription for the series K shares by the said shareholder did notconstitute the exercise of the conversion mechanism of those loans, onthe terms described in ESPI report No. 22/2025 dated 23 September 2025.