Manydev Studio SE — M&A Activity 2023

Aug 2, 2023

Current report no. 20/2023

Subject

Expiration of the letter of intent

Legal basis

Article 17 par. 1 MRA - confidential information.

With reference to current reports No. 12/2023 and 19/2023, theManagement Board of ManyDev Studio SE (hereinafter referred to as:_quot;Company_quot;) hereby informs that yesterday, i.e. on August 1, 2023, theIssuer was informed about the expiry of the deadline to conclude sharesale agreements, as at July 31, 2023, resulting from the annexed Letterof Intent concluded between the shareholders: PlayWay S.A. with itsregistered office in Warsaw (holding 6,899,999 series I sharesconstituting 30.53% of the share capital of the Company), CapemanInvestments LTD with its registered office in Nicosia (holding 7,278,900series H shares constituting 32.21% of the share capital of theCompany), Marek Parzyński ( holding 735,000 series H shares constituting3.25% of the Company's share capital) and Bartosz Graś (holding 735,000series H shares constituting 3.25% of the Company's share capital), andInvestors: ASI Gaming Investment Group sp. z o.o. s.k.a. based inKatowice and Softix Technologies LLC based in Tbilisi.

As a result of the expiry on July 31, 2023 of the deadline forconcluding share purchase agreements resulting from the above-mentionedof the Letter of Intent, the said share sale agreements were ultimatelynot concluded, and the Letter of Intent itself expired.