THQ Nordic AB (publ) acquires

Investor Presentation May 22, 2019

THQ Nordic acquires iconic studio Piranha Bytes

THE THE THE STUDIO DEAL FUTURE

REMAINING AN VETERAN GAMES STUDIO THREE (3) ASSET DEALS INDEPENDENT STUDIO

Legendary team with decades of I+II). All Trademarks, IPs and With creative freedom experience from creating award-winning Game Title rights atmospheric RPG games III). Personnel, Office equipment and Development Engine OPPORTUNITY TO PORTFOLIO INCLUDES FURTHER DEVELOP ICONIC IP PIRANHA’S EXISTING IPS

With many years of proven performance, To leverage on successful franchises still generating cash flows across all IPs and build on strong connection with its’ large and loyal fan base

STRONG FINANCIAL CONTRIBUTION TO THQ PURCHASE PRICE OPPORTUNITY TO INVEST NORDIC FROM DAY ONE NOT DISCLOSED IN NEW TITLES

Portfolio IPs having generated equals c. three years of management’s Based on Piranha’s unique proprietary c. EUR 18m net revenue to estimated royalty payments to Piranha RPG game engine and THQ the last three years for upcoming titles decades of experience in their niche

3 Solid portfolio consisting of critically acclaimed RPG IPs

Developer: Piranha Bytes Developer: Piranha Bytes Developer: Piranha Bytes Publisher: THQ Nordic Publisher: Publisher: THQ Nordic Genre: RPG, Sci-Fi, Action Genre: RPG, Sci-Fi, Action Genre: RPG, Sci-Fi, Action Modes: Single-player Modes: Single-player Modes: Single-player Release date: 17 Oct, 2017 Release date: Release date: : 2 Oct, 2009 Gothic I: 15 Mar, 2001 Risen 2 Dark Waters: 24 Apr, 2012 Gothic II: 29 Nov, 2002 Risen 3 Titan Lords: 12 Aug, 2014 Gothic III: 13 Oct, 2006

Metascore Userscore Metascore Userscore Metascore Userscore

67 6.9 77* 8.1* 81** 8.7**

Note: *) Refers to the Risen 1 **) Refers to the Gothic1 4 Award-winning veteran team with “legendary status” within RPG community

THE STUDIO

▪ Games development studio founded 1997 ▪ Piranha Bytes’ games published by THQ Nordic since 2002 ▪ THQ Nordic teamed up with Piranha Bytes in 2014, collaborating on a new IP ELEX (released Oct 2017) ▪ Portfolio of excellent RPG game series set in atmospheric open worlds playable on PC/Console

AWARDED: People’s choice award 2018 NOMINATED: Best Game Design 2018 31 FTEs

AWARDED: Best German Game 2013 AWARDED: People’s choice award 2012 NOMINATED: Best Game Design 2012 MICHAEL RÜVE BJÖRN PANKRATZ CEO Head of Games 26+ years games 20+ years games Essen experience experience Germany AWARDED: Best RPG Game 2003

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