THQ Nordic AB (publ) acquires

Investor Presentation Aug 14, 2019

THQ Nordic acquires experienced studio Gunfire Games

THE THE THE STUDIO DEAL FUTURE

TEAM BEHIND THE UNDISCLOSED PURCHASE SERIES PRICE REMAIN INDEPENDENT

Core team has worked together THQ Nordic expects to recoup Maintain creative freedom for over a decade its investment over the with focus on developing course of 3-4 years successful games

FINANCIAL CONTRIBUTION EXPANDING FOOTPRINT TOP TIER DEVELOPMENT TO THQ NORDIC IN THE US STUDIO New IP generating cash flow from THQ Nordic’s first owned studio in Creates first-class games day one and savings on royalty Austin, Texas, the third largest and development cost game industry hub in the US

FOUNDERS AND PIPELINE LEADING VR DEVELOPER MANAGEMENT Owned IP “Remnant - From the Successful collaborations Strongly incentivized to ashes” releasing 20th Aug 2019 with execute on plan

3 Note: *Net revenue equals revenue after returns and price protections Skilled RPG experts and award-winning VR developers

THE STUDIO

▪ Independent developer of action adventure games and online/coop experiences playable on PC/console and VR ▪ Owned IP: From Other Suns, Remnant and Chronos – Awarded Game Informer’s VR Game of The Year ▪ THQ Nordic teamed up with Gunfire Games with the publishing of Darksiders in 2015 ▪ Collaboration with other publishers expected to continue

POST-DEAL

2014 Austin Founded USA

THQ Nordic Coffee stain GmbH / David Adams President/ Game Director c. 70 +20 FTEs Years in Gaming Seven released games since inception

THQ Nordic IP Licensed title THQ Nordic IP Review* “All-in-all this game is amazing and a must play Userscore* Metascore Userscore for any owner” 7.3 9/10 70 7.3 38% 62% 100% 59% 41% DIGITAL PHYSICAL vs DIGITAL PHYSICAL vs DIGITAL

2015 2016 2017 2018 2019

Licensed title Gunfire Games IP Gunfire Games IP Gunfire Games IP Review “It is a fully fleshed out game Releasing making use of VR in a visually 20th Aug 2019 appealing way that many other Metascore Userscore Metascore Userscore experiences don’t utilize.” 8/10 77 8.8 78 8.5 Published by 100% 100% 100% DIGITAL DIGITAL DIGITAL

5 Note: *No Metascore available.