Investor Presentation Q4 2014 February 12, 2015

NEXON Co., Ltd.

(Unit: ¥ billions)

Revenue Operating Income1 Net Income2

172.9

155.3

50.7 45.5

30.1 29.3

2013 2014 2013 2014 2013 2014

1 2014 and 2013 Operating Income includes impairment loss of ¥14.7 billion (including impairment loss of gloops’ goodwill of ¥11 billion) and ¥11.6 billion respectively on goodwill and tangible/intangible assets related to game IP and publishing rights. 2 Net Income refers to net income attributable to owners of the parent company, as stated in Nexon’s consolidated financial results. 3 © 2015 NEXON Co., Ltd. All Rights Reserved. 2014 Highlights

. Two-year strategy of focusing on game quality and longevity is underway

. China: Introduced series of high-quality content updates for Dungeon&Fighter throughout 2014; Q4 China revenues were up 36% year-over-year

. Korea: Very strong performance resulting from execution of quality-first strategy ‒ 52% year-over-year revenue growth ‒ Mobile: revenue up more than 8x year-over-year with launches of high quality titles ‒ PC Online: strong due to high quality live operations ‒ Boosted the already successful title EA SPORTSTM FIFA Online 3 ‒ All other titles collectively grew year-over-year

. Japan: Games did not consistently meet high standards for quality as we worked in rapidly changing mobile browser and native game market dynamics

. North America: Green shoots of growth. Revenue returned to growth in 2H 2014 with improving operations and marketing under new management team

. Pipeline: Best in years – and getting stronger ‒ DomiNations (mobile), MapleStory2 (PC), Ghost in the Shell Online (PC), and many more ‒ Recently announced licensing agreement with Warner Brothers Group for mobile game based on successful LEGO® franchise

. Focus on quality demonstrated some early successes in 2014, validating our strategy

. Continue to prioritize game quality as best way to create long-term financial growth and shareholder value

. Focusing development resources only on games that matter ‒ Fun and highly differentiated ‒ Long life cycles

. Focusing live game operations on long-term growth and player retention

. Richest pipeline in Nexon’s history

1H 2015 2H 2015 and onward

Counter Strike Online 2 Tree of Savior Ghost in the Shell by Neople Sudden Attack 2 (Co-development, China) (Publishing, Korea) (In-house, Korea) (In-house, Korea)

Dirty Bomb by Splash Damage AIMA

PCOnline (Publishing, U.K.) (Publishing, Korea)

MapleStory2 Ar:piel Peria Chronicles TBA by Boss Key Productions (In-house, Korea) (Publishing, Korea) (In-house, Korea) (Strategic Partnership, US)

Gwanggaeto the Great Super Fantasy War Mabinogi: Duel TianLongBaBu TBA by gloops

(In-house, Korea) (In-house, Korea) (In-house, Korea) (Publishing, Korea) (In-house, Japan) Mobile DomiNations by Big Huge Games2 TBA by Shiver Entertainment Kartrider Mobile Durango TBA by Envision Entertainment (Strategic Partnership, US) (Strategic Partnership, US) (In-house, China) (In-house, Korea) (Strategic Partnership, Germany)

Legion of Heroes TBA by TURBO Studios Legion of Heroes: Raid TBA by Social Spiel (In-house, China and Japan) (Strategic Partnership, US) (In-house, Korea) (Strategic Partnership, Austria)

2014 Recap . gloops ‒ Developed several new mobile native games; launched four1 during Q4 2014 ‒ Games did not consistently meet high standards for quality as we worked in rapidly changing mobile browser and native game market dynamics . Right strategy, but not executed well enough . Recorded ¥11 billion impairment loss of gloops’ goodwill

Focus for 2015 . gloops ‒ Development: ‒ Mobile native games: pare down pipeline to focus on quality ‒ Mobile browser games: selective focus on high quality games ‒ Live operations: focus on game longevity . Leverage our global pipeline, including high quality titles developed in Korea / U.S. . Secure publishing rights of high quality games

. Quality matters – best way to create shareholder value – New games: fun and highly differentiated

– Live game operations: focus on game longevity

. Requires focus. Performance based on strong execution of core strategy

. Focus on game quality and longevity drives long-term success – shareholder value

2014 Revenue by Region Long-term Growth Vision

West M&A M&A

Asia Revenue

2014 Year

Existing New PC / mobile West

. Nexon management is strongly committed to driving growth and shareholder value

. Continue to focus on shareholder returns through growing earnings as well as returning capital through dividends and share repurchases

. Scheduled to pay ¥5 per share dividend for the year-end despite gloops impairment charge

. Revenues were ¥42.9 billion, up 25% year-over-year on an as-reported basis, up 14% on a constant currency basis – Exceeded high end of our outlook – Outperformance was primarily driven strong results from China

. Operating loss was ¥0.7 billion and net loss1 was ¥4.5 billion, both below the low end of our outlook – Operating income underperformance was primarily due to impairment loss on gloops’ goodwill of ¥11 billion – Net income underperformance was primarily due to the impairment loss in addition to higher-than- expected tax expenses (one-time factor), while having FX gains in foreign currency-denominated cash deposits and account receivables

1 Net loss refers to net loss attributable to owners of the parent, as stated in Nexon’s consolidated financial results 16 © 2015 NEXON Co., Ltd. All Rights Reserved. Impairment Loss / Year-end Dividend

. Recorded ¥11 billion impairment loss of gloops’ goodwill – Due to the continued slowdown of mobile browser games and lack of hits in new mobile native games, recorded the impairment loss of gloops’ goodwill – The balance of gloops’ goodwill as of December 31st 2014 is ¥20.3 billion

. Scheduled to pay ¥5 per share dividend for the year-end despite gloops impairment charge

(Unit: ¥ millions, except per share data)

1 PC revenue includes revenues other than PC / mobile revenues 2 Net income / (loss) refers to net income / (loss) attributable to owners of the parent, as stated in Nexon’s consolidated financial results. 18 © 2015 NEXON Co., Ltd. All Rights Reserved. Regional Revenues

(Unit: ¥ millions) Q4 2014 Revenue by Platform

Q4 2014 YoY % Change Mobile (As- (Constant (As- (Constant 21% Q4 2013 Reported) Currency) Reported) Currency) Revenue by Region1 China ¥12,065 ¥16,441 ¥14,761 36% 22% PC 79% Korea 11,654 16,749 15,051 44% 29% Japan 8,274 6,929 6,929 (16%) (16%) North America 1,201 1,623 1,424 35% 19% Europe and Others2 1,273 1,190 1,102 (7%) (13%) Nexon Total 34,467 42,932 39,267 25% 14%

Revenue by Platform PC3 27,750 34,041 30,737 23% 11% Q4 2014 Revenue by Region1 Mobile 6,717 8,891 8,530 32% 27% Japan 6,260 5,384 5,384 (14%) (14%) Europe North ex-Japan 457 3,507 3,146 667% 588% and America Others Nexon Total 34,467 42,932 39,267 25% 14% 4% 3% FX Rate 100 KRW/JPY 9.48 10.55 9.48 Japan CNY/JPY 16.40 18.59 16.40 16% China USD/JPY 100.46 114.54 100.46 38% Korea 39%

1 Based on the regions in which revenues originate; not a representation of revenues according to Nexon entities. 2 Europe and Others includes other Asian countries and South American countries. 3 PC revenue includes revenues other than PC / mobile revenues. 4 For the KPIs (MAU, Pay Rate and ARPPU) of PC online games, please refer to appendix of this presentation. 19 © 2015 NEXON Co., Ltd. All Rights Reserved. China – Highlights

(Unit: ¥ millions) YoY% change: . Dungeon&Fighter As Reported: +36% Constant Currency: +22% – Strong performance supported by well-received content 21,302 update and item sales, particularly during November and December

– MAUs decreased in November and December; overall Q4 MAUs flat quarter-over-quarter 16,441 15,685

– Tier 1 content update “Kunoichi” update introduced 13,530 during Q4 12,065

Dungeon&Fighter Dungeon&Fighter “Kunoichi Update” Game Play

Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014

(Unit: ¥ millions) YoY% change: . Presented 15 high quality new titles, including 9 PC As Reported: +44% games and 6 mobile games, at G-STAR (November) Constant Currency: +29%

. Launched mobile game Pocket MapleStory for Kakao 19,976 (10/27) and PC online game Closers (12/23)

16,749

. Year-over-year growth from key PC titles: 15,251 – Solid performance from EA SPORTSTM FIFA Online 3, 13,433 Sudden Attack, MapleStory and Mabinogi Heroes 11,654 – Content updates and promotions well-received 15,882

1 13,492 PC

14,167 10,965

11,257

4,094 Mobile 2,468 3,257 397 1,084 Pocket MapleStory for Kakao Closers Game Play Game Play Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014

(Unit: ¥ millions) YoY% change: . Mobile revenue was ¥5.4 billion, down 3% quarter- As Reported: -16% over-quarter primarily due to declining browser Constant Currency: -16% game revenues 8,274 8,121 7,656

1 7,232 2,014 . PC revenue was down 7% quarter-over-quarter 2,021 6,929 1,697

1,662 1 1,545 PC . gloops launched 4 native games in Q4

6,260 6,100 5,959 5,570 5,384 Mobile

Skylock Skylock TV mass promotion

Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014

. North America – Achieved year-over-year revenue growth from key PC titles, MapleStory, Mabinogi, and Vindictus, supported by improved operations and marketing – Launched Legion of Heroes on Android (10/23)

(Unit: ¥ millions) YoY% change: (Unit: ¥ millions) YoY% change: As Reported: +35% As Reported: -7% Constant Currency: +19% Constant Currency: -13%

North America Europe and Others

1,623 1,420 1,472 1,345 1,273 1,300 1,201 1,131 1,144 1,190

Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014

(Unit: ¥ millions, except per share data)

. Expect revenues to be down 7% to up 1% year-over-year on an as-reported basis

Q1 2014 Q1 2015 Outlook YoY Revenues ¥47,491 ¥44,259 ~ ¥47,728 (7%) ~ 1% PC1 40,297 36,859 ~ 39,641 (9%) ~ (2%) Mobile 7,194 7,400 ~ 8,087 3% ~ 12% Operating income 21,171 14,715 ~ 18,138 (31%) ~ (14%) Net income2 16,144 12,793 ~ 15,669 (21%) ~ (3%)

Earnings per share 36.74 29.66 ~ 36.33 n/a ~ n/a

FX Rate Assumptions 100 KRW/JPY 9.63 10.55 10.55 CNY/JPY 16.83 18.59 18.59 USD/JPY 102.78 114.54 114.54

. Forex sensitivity: every one Japanese yen move against the U.S. dollar would have the following impact on our financials for the first quarter of 20153

Revenue 0.28 billion yen Operating Income 0.14 billion yen

1 PC revenue includes revenues other than PC / mobile revenues. 2 Net income refers to net income attributable to owners of the parent, as stated in Nexon’s consolidated financial results. 3 In most situations, the exchange rates of both the South Korean won and the Chinese yuan are linked to the U.S. dollar. 25 © 2015 NEXON Co., Ltd. All Rights Reserved. 2015 Q1 and Full-Year Regional Outlook

China Korea

Q1 Q1 . Expect high teens to high single digit % YoY decrease on an as- . Expect high teens to 20+% YoY increase on an as-reported basis reported basis . Tier 1 content update scheduled for major PC titles . Dungeon&Fighter: introduced a high quality tier 1 content update (Lunar New Year update) on February 10th Full-Year . Multiple PC / mobile titles to be launched in 2015 across genres Full-Year . Global launches scheduled for several mobile titles Mobile . Preparing for Legion of Heroes launch (publisher: Chukong) . Scheduled to launch Kartrider Mobile (publisher: Tiancity) PC . Counter Strike Online 2 scheduled for CBT in 1H 2015

Japan North America, Europe and Others

Q1 Q1 . Expect 20+% YoY decrease on an as-reported basis North America . Expect high teens to 20+% YoY increase on an as-reported basis . gloops launched Gururin Quest (native) on 1/27 . Dirty Bomb (PC): CBT in progress on STEAM . Nexon Japan to publish Kemono Friends (native) on 3/12 Europe and Others Full-Year . Expect 20+ to high teens % YoY decrease on as-reported basis . Scheduled to launch LINE Legion of Heroes . gloops to launch 5+ mobile titles in 2015 Full-Year . Scheduled to launch DomiNations / Legion of Heroes on iOS (mobile) in North America 26 © 2015 NEXON Co., Ltd. All Rights Reserved. Q1 2015 Operating Income Margin Outlook

YoY Operating Income Margin Comparison

Expect Q1 2015 operating margin of 33% to 38% due to: 2% . Variable costs, including royalty costs 4% associated with third-party licensed games, 1% such as FIFA Online 3 and FIFA Online 3 M

. HR costs associated with increase in salary 45% and headcount primarily in Korea

38% . Marketing costs related to new title releases in Korea and North America

. Revenue mix and Others – Revenue mix change with increased revenue

OI Margin Royalty HR Cost Marketing OI Margin contribution from Korea, which has lower Q1 2014 Q1 2015 margin than China, as well as mobile (High-end)

Game Title Q1 2015 Q2 2015 2H 2015

Winter Content Update 7th Anniversary Update Summer Update Lunar New Year Update National Holiday Update

Dungeon&Fighter

China Lunar New Year Update TBD TBD

Counter-Strike Online

Lunar New Year Update TBD Summer Update Roster Update

EA SPORTSTM FIFA Online 3

MapleStory Ice & Burn Update 12th Anniversary Update Summer Update

MapleStory

Korea Lunar New Year Update Children’s day Package 10 Anniversary Update Chuseok Package Rare Avatar & Christmas Package Dungeon&Fighter

Winter Update (continued from Q4 TBD TBD 2014)

Sudden Attack

(Unit: ¥ millions except per share data)

Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 YoY% (By Region) China ¥20,409 ¥15,477 ¥15,962 ¥12,065 ¥21,302 ¥13,530 ¥15,685 ¥16,441 36% Korea 10,589 8,605 12,151 11,654 15,251 13,433 19,976 16,749 44% Japan 9,927 9,398 8,755 8,274 8,121 7,656 7,232 6,929 (16%) North America 1,418 1,446 1,364 1,201 1,345 1,131 1,420 1,623 35% Europe and Others 2,021 1,698 1,651 1,273 1,472 1,144 1,300 1,190 (7%) (By Business) PC online1 36,877 29,333 32,995 27,750 40,297 28,459 35,931 34,041 23% Mobile 7,487 7,291 6,887 6,717 7,194 8,435 9,682 8,891 32% Japan 7,217 7,054 6,482 6,260 6,100 5,959 5,570 5,384 (14%) ex-Japan 270 237 405 457 1,094 2,476 4,112 3,507 667% Revenue 44,364 36,624 39,883 34,467 47,491 36,894 45,613 42,932 25% Operating income/(loss) 20,716 13,425 16,237 327 21,171 9,962 15,124 (748) n/a Net income/(loss)2 15,150 11,365 8,054 (4,437) 16,144 4,085 13,585 (4,498) n/a

Earnings/(loss) per share 34.77 25.98 18.35 (10.10) 36.74 9.33 31.49 (10.45) n/a

Cash and deposits 110,510 112,235 103,820 138,843 149,040 140,157 114,155 117,729

FX rate 100 KRW/JPY 8.53 8.81 8.94 9.48 9.63 9.95 10.15 10.55 CNY/JPY 14.73 15.94 16.06 16.40 16.83 16.54 16.87 18.59 USD/JPY 92.42 98.76 98.95 100.46 102.78 102.16 103.92 114.54

Key Performance (Excluding Mobile) MAU (millions) 71.5 71.0 62.6 53.9 55.9 51.9 52.7 50.5 Pay Rate 11.5% 10.2% 10.4% 10.0% 11.0% 10.2% 9.7% 9.3% ARPPU (as-reported) 2,532 2,181 2,447 2,617 3,639 2,781 3,476 3,776 ARPPU (constant currency) 3 n/a n/a n/a 2,492 n/a n/a n/a 3,379

1 PC revenue includes revenues other than PC / mobile revenues 2 Net income/(loss) refers to net income / (loss) attributable to owners of the parent, as stated in Nexon’s consolidated financial results. 3 Using the currency rates of Q4 2013. 30 © 2015 NEXON Co., Ltd. All Rights Reserved. COGS and SG&A

(Unit: ¥ millions)

FY2013 FY2014 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Total Cost of Revenue 1 ¥7,831 ¥7,734 ¥9,229 ¥9,358 ¥10,249 ¥9,839 ¥12,731 ¥11,516 Royalty 2 2,673 2,180 3,539 3,046 4,055 3,317 6,606 4,448 HR cost (COGS) 3 2,875 3,193 3,014 3,219 3,461 3,580 3,372 3,811 Other(COGS) 4 2,283 2,361 2,676 3,093 2,733 2,942 2,753 3,257

Total SG&A 1 15,343 13,945 14,313 15,973 14,855 16,788 17,401 19,556 HR cost 3,004 3,241 2,814 3,063 3,602 4,758 4,025 4,202 PG fee 5 2,259 2,037 2,322 2,202 2,661 2,649 3,645 3,542 R&D 659 860 1,035 1,263 1,120 1,533 1,645 1,533 Marketing / advertising expenses 1,878 3,202 2,211 2,409 1,382 2,069 2,051 3,468 Depreciation and amortization 2,488 2,552 2,556 2,753 2,802 2,792 2,914 2,958 Other 6 5,055 2,052 3,375 4,283 3,288 2,987 3,121 3,853

Other Income 7 164 102 225 1,147 208 209 180 613 Other Expense 8 638 1,622 329 9,956 1,424 514 537 13,221

1 Breakdown of COGS and SG&As are unaudited. 2 Royalty costs include royalties paid to third-party developers for the right to publish their games. 3 HR cost includes salaries, bonuses and benefits for our live game developers, who support post launch servicing, updating and support for our games. 4 Other (COGS) primarily consists of depreciation and amortization of assets related to existing games, connection fees (mainly comprised of co-location and datacenter fees, Internet bandwidth and access fees), and the costs of purchasing and maintaining our servers and computer equipment. 5 PG Fees in SG&A include commissions made to external payment gateway companies when users purchase in-game items in PC Online games that we service. It also includes mobile carrier-related commissions we pay regarding our Japanese browser games and commissions we pay to Apple / Google regarding our native games globally. 6 Other in SG&A includes platform commission fees related to mobile browser games. 7 Other Income includes other non-operating income, reversal of deferred revenue, gain on sale of properties, and gain on change in equity. 8 Other Expense includes other non-operating expenses, loss on sale/disposal of properties, loss on impairment of tangible fixed assets, loss on impairment of intangible assets, loss on impairment of other fixed assets, loss on change in equity, and loss on liquidation of subsidiaries. Q2 2013, Q4 2013, Q1 2014, Q2 2014, Q3 2014 and Q4 2014 Other Expense includes impairment of game IP and impairment of goodwill. 31 © 2015 NEXON Co., Ltd. All Rights Reserved. P&L Below Operating Income

(Unit: ¥ millions)

FY2013 FY2014 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Operating Income/(Loss) ¥20,716 ¥13,425 ¥16,237 ¥327 ¥21,171 ¥9,962 ¥15,124 (748) Finance Income 1 2,336 2,342 739 1,244 1,014 1,024 5,122 5,381 Finance Costs 2 196 1,471 3,138 3,819 385 3,655 360 781 Equity income/(losses) of affiliates, (268) (99) 15 258 (32) (73) (93) 0 equity method companies Income/(Loss) before Income Tax 22,588 14,197 13,853 (1,990) 21,768 7,258 19,793 3,852 Tax expense (7,238) (2,875) (5,712) (2,519) (5,446) (3,089) (6,132) (8,583) Net Income/(loss) 3 15,150 11,365 8,054 (4,437) 16,144 4,085 13,585 (4,498)

1 2013 Q1, Q2 and 2014 Q3, Q4 Finance Income are mainly caused by FX. 2014 Q4 Finance Income is primarily due to the US dollar and Chinese yuan to Korean won FX conversion gain related to foreign currency deposits & A/R in Korea. 2 2013 Q2 Finance Costs are primarily due to a loss recorded from the disposal of JCE shares. 2013 Q3 Finance Costs are primarily due to the U.S. dollar to Korean won exchange rate impact chiefly associated with Dungeon&Fighter royalties from China. Finance cost for Q4 2013 includes impairment loss of equity method affiliates, mainly from 6waves. Impairment losses in equity method affiliates are recorded in finance costs under IFRS. 2014 Q2 Finance Costs are primarily due to the US dollar to Korean won FX conversion loss related to foreign currency deposits & A/R in Korea. 3 Net income/(loss) refers to net income attributable to owners of the parent, as stated in Nexon’s consolidated financial results.

(Unit: ¥ millions)

12 months ended 12 months ended December 31, 2013 December 31, 2014

Cash flows from operating activities ¥60,208 ¥58,118

Cash flows from investing activities (6,345) (61,820)

Cash flows from financing activities (13,033) (27,050)

Net increase / (decrease) in cash and cash equivalents 40,830 (30,752)

Cash and cash equivalents at beginning of fiscal year 84,736 138,843

Effect of exchange rate change on cash and cash equivalents 13,277 9,638

Cash and cash equivalents at end of fiscal year 138,843 117,729

(Unit: ¥ millions)

December 31, December 31, 2013 2014 Asset Current Assets Cash and cash equivalents ¥138,843 ¥117,729 Other current assets 78,956 140,396 Total current assets 217,799 258,125 Noncurrent assets Tangible assets 22,080 24,039 Goodwill 45,802 35,426 Intangible assets 26,653 16,574 Others 106,517 102,858 Update Total noncurrent assets 201,052 178,897 5/7 Total assets 418,851 437,022

Liability Current liabilities Current tax liabilities, current 8,502 12,836 Current borrowings 13,408 13,180 Others 28,543 31,007 Total current liabilities 50,453 57,023 Noncurrent liabilities Non-current borrowings 34,605 23,244 Others 20,734 11,278 Total noncurrent liabilities 55,339 34,522 Total liabilities 105,792 91,545

Equity Issued capital 51,952 52,481 Share premium 50,688 40,830 Treasury shares (0) - Other equity interest 74,468 92,044 Retained earnings 131,374 155,025 Non-controlling interests 4,577 5,097 Total equity 313,059 345,477 Total liabilities and total equity 418,851 437,022

Term / Abbreviation Meaning AOS is a sub-genre of the real-time strategy genre, in which two teams of players compete with each other in discrete AOS games, with each player controlling a single character through an RTS-style interface. FPS A game in which the player plays from the point of view of the game character in three-dimensional graphics. (first person shooter) RTS A game that is usually played from a third-person perspective, in which the player controls vast numbers of in-game (real-time strategy) characters in a tactical scenario.

MMORPG An online role-playing game that has a “massive” number (usually several hundred or more) of players who play (massively multiplayer online role playing game) concurrently. Update MAU The total number of accounts of users who log in and play a particular game in a given month.5/7 (monthly active user)

ARPPU Online game net revenues for any given period divided by the average number of paying players of such games during the (average revenue per paying user) period.

Pay Rate The number of paying users divided by monthly active users for any given period of time.

MCCU The maximum number of users concurrently accessing a game at a particular moment. MCCU is generally used to (maximum concurrent users) measure the popularity of a game.

Closed Beta A trial period during which a trial model (beta version) of a game is tested by a limited number of users or groups.

Open Beta A trial period during which a trial model (beta version) of a game is tested without restrictions on participation.

Tier One Update Large scale updates to existing PC games typically launched in Q1 or Q3 around peak season.

Tier Two Update Smaller updates to existing PC games released throughout the year.

Games that are designed to be played continuously for hours and enable thousands of concurrent users to interact with Immersive Games each other in real time. Our games are architected to evolve over years, in contrast to packaged goods games, which often have finite story lines and comparatively less open-ended player engagement.

This presentation is prepared to offer reference information about NEXON group to the investors and is intended to generally provide investors and analysts with financial and operational information about Nexon, but not to solicit or recommend any sale or purchase of stock or other securities of Nexon. NEXON Co., Ltd. (“Nexon”) has not verified and would assume no responsibility for the accuracy, appropriation, or completeness thereof. This presentation does not contain all relevant information relating to Nexon or the sale of its shares, including, without limitation, the information that would be stated under the captions “Risk Factors”, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Business” in an annual report. Any investment decision with respect to any shares of Nexon should be made solely upon the basis of the information contained in the disclosure documents and is qualified in its entirety by reference to the detailed information appearing in the disclosure documents.

This presentation includes non-GAAP and non-IFRS financial measures, including but not limited to key performance indicators, as well as ratios calculated on the basis thereof. These non-GAAP and non-IFRS financial measures should not be considered in isolation or as a substitute for the most directly comparable financial measures included in our consolidated financial statements and presented in accordance with IFRS.

This presentation includes forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “anticipate”, “assume”, “believe”, “estimate”, “expect”, “forecast”, “may”, “plan”, “potential”, “predict”, “seek”, “should”, or “will”, or by other similar terminology. These statements discuss expectations, identify strategies, contain projections of Nexon’s financial condition or results of operations or state other forward- looking information. The forward-looking statements in this presentation are subject to various risks, uncertainties and assumptions about Nexon’s business and results of operations. The expectations expressed in these forward-looking statements may not be achieved, and actual results could differ materially from and be worse than expectations. Potential risks and uncertainties that could cause actual results to differ materially from expectations include, without limitation:

 Continued growth and popularity of Nexon’s key titles;  Nexon’s ability to maintain favorable relationships with key licensing partners;  Nexon’s continued ability to offer games in China, through local partners or otherwise;  Nexon’s ability to compete effectively in the online games industry;  Nexon’s ability to address hacking, viruses, security breaches and other technical challenges;  Fluctuations in currency exchange rates;  Nexon’s ability to maintain and further develop its brand name;  Effective acquisition of new companies, businesses, technologies and games from third parties and the possibility of recognizing impairment losses;  Continued growth of the online games market, including the underlying infrastructure, and free-to-play/item-based revenue generation model;  Nexon’s ability to adapt to new technologies;  Nexon’s ability to enter into licensing arrangements for third-party titles on terms favorable to it;  Effective defense of Nexon’s intellectual property; and  Legislative, regulatory, accounting and taxation changes in the countries in which Nexon operates.

Nexon does not intend, and disclaims any duty, to update or revise any forward-looking statements contained in this presentation to reflect new information, future events or otherwise. We caution you not to place undue reliance on the forward-looking statements contained in this presentation. 36 © 2015 NEXON Co., Ltd. All Rights Reserved.