Gentoo Media Inc. - distribution of Platform completed

30 Sep 2024 22:00 CEST

It's with great pleasure Gentoo Media announces that the restructuring process
of dividing Gentoo Media Inc.'s (formerly Gaming Innovation Group Inc.) media
and platform division into two independently listed companies, has been
finalised as of 30 September 2024.

Following a final approval of the Board of Directors of Gentoo Media, all
necessary legal steps have been completed, and the assets and subsidiaries of
the platform business have been extracted from Gentoo Media Inc. and distributed
to the shareholders. The platform business will continue as an independent B2B
company under the name GiG Software PLC, providing its proprietary platform and
sportsbook technology across the global iGaming sector.

Gentoo Media continues as an independent public company and a pure media
business, continuing the business's journey as a market-leading affiliate in the
iGaming industry.

In addition, Gentoo Media also announces it has entered into a EUR 25 million
Revolving Facility Agreement with Citibank Europe plc., securing financial
flexibility and operational excellence in its daily operations. Gentoo is very
pleased to have Citi as its official main bank and looks forward to working
closely with them.

Mikael Harstad, Chairman of the Board in Gentoo Media, expressed his
satisfaction with the completion of the split, stating: "This marks a new
chapter in the ongoing evolution of our media affiliate business. Gentoo Media
is now well-positioned to continue its remarkable growth journey as an
independent and vertical focused company within iGaming."

Jonas Warrer, CEO of Gentoo Media, stated: "We are thrilled by the opportunities
this split presents, allowing us to strengthen our market leadership while
enhancing shareholder value."

The distribution of the platform business to the shareholders is in the form of
depository receipts in GiG Software PLC, i.e. Norwegian Depository Receipts
(NDRs) to investors holding shares in Euronext Securities Oslo (VPS), and
Swedish Depository Receipts (SDRs) to investors holding shares in Euroclear
Sweden.

GiG Software PLC's SDRs will be listed on Nasdaq First North Premier Growth
Market with the first day of trading 1 October 2024. Neither the SDRs nor the
NDRs will be listed on any stock exchange in Norway, however, holders of NDRs
will have the possibility to convert the NDRs to SDRs by contacting their banks
or brokers. In addition, GiG Software PLC aims to list the NDRs on the Euronext
NOTC market.

GiG Software PLC has been funded with a starting cash balance sufficient to
secure its operations and in addition, Gentoo Media Inc. has used part of the
proceeds from the share issue in June 2024 to repay the EUR 5.9 million bank
loans held by Sportnco prior to the spin-off.

The media division will operate as an independently listed company under the
name Gentoo Media Inc. and continues its dual listing on the Oslo Stock
Exchange, Norway, with the ticker symbol G2MNO, and on Nasdaq Stockholm, Sweden,
with the ticker symbol G2M.

For further information, please contact:
Mikael Riese Harstad, Chairman of the Board, mikael.harstad@g2m.com, +44
7984183850
Jonas Warrer, CEO of Gentoo Media, jonas.warrer@g2m.com, +45 30788450

About Gentoo Media
Gentoo Media is a market-leading affiliate connecting operators and players in
the online gambling and sports betting industry. Gentoo Media offers an array of
iGaming affiliate solutions, such as paid marketing expertise and quality
traffic through our prominent industry sites including AskGamblers, Time2Play,
CasinoTopsOnline, WSN and Casinomeister. In 2024, Gentoo Media (formerly GiG
Media) became Gentoo Media Inc. following a legal split separating the Media and
Platform and Sportsbook business in Gaming Innovation Group into two
independently listed companies. Gentoo Media Inc. is dual-listed on the Oslo
Stock Exchange (ticker "G2MNO") and Nasdaq Stockholm (ticker "G2M").
www.gentoomedia.com

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