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08/02-2018 11:20:01: (FUNCOM) Funcom N.V. - Completed Cabinet Transaction and disclosure of shareholding

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR
INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES

Reference is made to the stock exchange announcement by Funcom N.V. ("Funcom" or
the "Company", ticker "FUNCOM") on 18 December 2017 regarding, inter alia, (i)
the entry into an agreement regarding the establishment of a joint venture with
Cabinet Group LLC and the issuance of 22,300,000 new shares in Funcom, each with
a par value of EUR 0.04, at a subscription price of NOK 2.6 per share (the
"Consideration Shares"), to Tranicos LLC (the "Cabinet Transaction"), and (ii) a
private placement of 34,000,000 new shares, each with a par value of EUR 0.04,
at a subscription price of NOK 2.6 per share (the "New Shares"), directed
towards SwedBank Robur Ny Teknik and SwedBank Robur Microcap funds, both funds
managed by Swedbank Robur Fonder AB (the "Private Placement").

The Cabinet Transaction has now been completed. As a result of the reverse share
split resolved by the Company's extraordinary general meeting on 30 January
2018, the amount of Consideration Shares that have been issued to Tranicos LLC
is 4,460,000, each with a par value of EUR 0.20 and at a subscription price of
NOK 13.00 per Consideration Share. The share capital increase related to the
Consideration Shares has been formalized today through a deed of issuance
pursuant to Dutch law.

The Consideration Shares will initially be registered on a separate ISIN. The
listing of the Consideration Shares is subject to a prospectus being approved by
the Netherlands Authority for the Financial Markets, passported into Norway and
published by the Company in accordance with applicable law. Following such
approval and publishing, the Consideration Shares will be converted to the
ordinary ISIN of the Company's shares and be made tradable on the Oslo Stock
Exchange. The prospectus, expected to be published in the middle of February
2018, will contain further details about, inter alia, the Consideration Shares.

Disclosure of shareholding and primary insider notification

Tranicos LLC will hold 4,460,000 shares in Funcom after the distribution of the
Consideration Shares, corresponding to 6.45% of the total outstanding shares.
Tranicos LLC is a company controlled by Cabinet Group LLC. Cabinet Group LLC is
controlled by Fredrik Malmberg, a member of the Supervisory Board of Funcom.
Fredrik Malmberg did not hold any shares in Funcom, neither directly or
indirectly, prior to the Cabinet Transaction.

* * *

Any enquiries may be addressed to: investor@funcom.com 

Badhoevedorp,  8 February 2018
Funcom N.V.

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

External link: http://www.newsweb.no/index.jsp?messageId=443765

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Tuesday 20/02-2018 02:48:53