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Gaming Innovation Group

Gaming Innovation Group

GIG: Richard Brown steps down as CEO of Gaming Innovation Group

08:00 / 18 September 2023 Gaming Innovation Group Press release

With reference to the announcement from Gaming Innovation Group Inc. ("GiG") on
29 May 2023, GiG announces today that Richard Brown will leave his position as
CEO of GiG effective today and move to a Board advisory position until 31
December 2023.

GiG initiated a strategic review earlier this year with the intention to split
the Company into two separate companies, to fully optimise growth opportunities
and ensure each business can benefit from the strategic and financial
flexibility of their distinctive business models. The split will form two
industry leading businesses with the potential to grow faster than in the
current corporate structure. Richard Carter was appointed as CEO for Platform &
Sportsbook in August, securing a strong and experienced leader for this business
unit ahead of the planned split of the Company. Jonas Warrer will continue to
lead GiG Media as CEO for this business unit.

Petter Nylander, Chairman of the Board, will take on the role of Executive
Chairman during the period until the proposed split under the strategic review
is completed.

Mr. Brown will help support the handover to Richard Carter and provide ongoing
support to the Board of Directors until the year end. The move will enable both
new CEOs with a full mandate to take their respective business units forward
while providing adequate background support from Mr. Brown.

Petter Nylander says: "We are very pleased with the progression of splitting GiG
into two distinct entities to enhance future expansion and drive shareholder
value. We now have two strong CEOs in Jonas Warrer for Media and Richard Carter
for Platform & Sportsbook with full operational responsibility for each business
unit. Richard Brown has been instrumental in making this possible and the Board
wants to thank Richard for his valuable contribution to GiG over the years. We
are pleased that Richard will be available until year end to secure the

Richard Brown says: "GiG is in a tremendous position strategically and
operationally, and with Jonas and Richard now in place to drive the business
units towards further success, it is a good time for me to move to a supportive
but non-operational role until the end of the year."

For further information, please contact:
Petter Nylander, Chairman of GiG, +46 76 525 09 55

About Gaming Innovation Group (GiG)
Gaming Innovation Group is a leading iGaming technology company, providing
solutions, products and services to iGaming Operators. Founded in 2012, Gaming
Innovation Group's vision is 'To be the industry leading platform, sportsbook
and media provider delivering world class solutions to our iGaming partners and
their customers.  GiG's mission is to drive sustainable growth and profitability
of our partners through product innovation, scalable technology and quality of
service. Gaming Innovation Group operates out of Malta and is dual-listed on the
Oslo Stock Exchange under the ticker symbol GIG and on Nasdaq Stockholm under
the ticker symbol GIGSEK.
Oslo Børs

This information was distributed by Oslo Børs