Gaming Innovation Group - Issue of new shares

12 Jun 2024 14:08 CEST

Gaming Innovation Group Inc. ("GiG" or the "Company") has today issued 3,408,472
new shares of its common stock. The new shares are issued by the Board of
Directors under the Company's 150,000,000 authorized shares, and the Company
confirms that the new shares have been duly authorized by all necessary
corporate actions and that the new shares have been fully paid and validly
issued. The Company's share capital has increased from USD 131,180,102 to USD
134,588,574, and the number of outstanding shares has increased from 131,180,102
to 134,588,574 (par value USD 1.00). In addition, a total of 1,377,000 options
are outstanding as of today.

The 3,408,472 new shares were distributed as follows:

3,226,418 new shares have been issued in connection with the SEK 100 million
directed share issue at a share price of SEK 31 (NOK 31.31) per share, ref.
announcement from GiG on 4 June 2024.

126,554 new shares have been issued in connection with the option program
entered into in connection with the acquisition of Sportnco Gaming SAS
("Sportnco"), ref. Exemption Document dated 13 July 2022, whereby key employees
in Sportnco, contingent on continued employment, will receive shares in the
Company at EUR 3.16 (NOK 30.85) per share.

55,500 new shares have been issued in connection with exercise of options,
whereof 29,000 shares at a share price of NOK 15.00 and 26,500 at a share price
of NOK 22.00 per share.

For further information, please contact:
Tore Formo, Group CFO, tore@gig.com, +47 91668678

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. www.gig.com

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