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Gaming Innovation Group

Gaming Innovation Group

GIG: Disclosure of shareholding in Gaming Innovation Group Inc ? completion of equity investment

12:40 / 1 April 2022 Gaming Innovation Group Press release

During December 2021, SkyCity Entertainment Group Limited (SkyCity) entered into
a binding agreement with Gaming Innovation Group Inc (GiG) to provide Euro 25
million of new equity to support the funding of its acquisition of Sportnco
Gaming SAS (as announced by GiG to Oslo Børs and NASDAQ Stockholm on 22 December
2021 Central European time) (the Transaction).

Following confirmation of settlement of the Transaction earlier today, SkyCity
confirms that it has completed its equity investment with the issue of
13,487,500 common shares in GiG (at a share price of 18.00 NOK) (New Shares).
The New Shares correspond to around 11% of GiG's total issued capital.
Consequently, SkyCity has crossed a 10% reportable threshold in the shares and
voting rights in GiG requiring disclosure to Oslo Børs ASA. SkyCity confirms
that it holds no additional rights to the shares or voting rights in GiG.

This notification is made pursuant to Section 4-2 of the Norwegian Securities
Trading Act.

For more information, please contact:
Ben Kay
General Manager, Strategy & Capital Markets
DDI: +64 9 363 6067
Oslo Børs

This information was distributed by Oslo Børs