THQ Nordic AB (publ) acquires Piranha Bytes 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 open world RPG games III). Personnel, Office equipment and Development Engine OPPORTUNITY TO PORTFOLIO INCLUDES FURTHER DEVELOP ICONIC IP GOTHIC 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: Deep Silver 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: Risen: 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 5.