The Board of EG7 presents revised proposals for the Annual General Meeting 2022

The Board of Directors of Enad Global 7 AB (publ) (the “Company”) has, following discussions with institutional shareholders in the Company, revised its proposals regarding the proposed incentive programs and the proposed authorization to issue new shares etc. for the Annual General Meeting to be held on 21 June 2022. The revised proposals include limitations compared to the initial proposals presented in the notice to the Annual General Meeting.

The Board of Directors of the Company has decided to present revised proposals for the Annual General Meeting to be held on 21 June 2022. The updated proposals include limitations compared to the initial proposals presented in the notice to the Annual General Meeting. The revised proposals include the following main changes:

Proposals for resolutions to implement an employee stock option program (“ESOP 2022/2025") and a warrant-based incentive program (“Warrant Program 2022/2025") through issue and transfer of warrants (item 12–14 on the agenda):

• The maximum number of employee stock options under ESOP 2022/2025 is reduced from 2,519,890 to 1,584,000. The maximum number of warrants under Warrant Program 2022/2025 is reduced from 380,110 to 216,000.
• The maximum number of employee stock options per participant under ESOP 2022/2025 is changed from 438,000 to 558,000 for senior executives and from 100,000 to 126,000 for other key employees. The maximum number of warrants per participant under Warrant Program 2022/2025 is changed from 350,870 to 162,000 for senior executives and from 29,239 to 54,000 for other key employees.
• The maximum number of employee stock options per category under ESOP 2022/2025 is changed from 438,000 to 558,000 for senior executives and from 2,081,890 to 1,080,000 for other key employees. The maximum number of warrants per category under Warrant Program 2022/2025 is changed from 350,870 to 162,000 for senior executives and from 29,239 to 54,000 for other key employees.
• The exercise price for each employee stock option under ESOP 2022/2025 and each warrant under 2022/2025 is changed from SEK 20.51 (corresponding to 130 per cent of the volume weighted average price for shares in the Company according to Nasdaq First North Growth Market during a period from and including 6 May 2022 to, and including, 18 May 2022) to an exercise price corresponding to 130 per cent of the volume weighted average price for shares in the Company according to Nasdaq First North Growth Market during a period from and including 25 July 2022 to, and including, 5 August 2022.
• Should all the employee stock options under ESOP 2022/2025 and all the warrants under Warrant Program 2022/2025 be exercised, the maximum increase of share will be 1,800,000, which means that the maximum dilution is reduced from 3.17 per cent to 2,03 per cent.
• The preliminary calculation of the valuation of the warrant premium is changed from SEK 3.03 to SEK 3.87.

Proposal for resolution to authorize the Board of Directors to resolve on issues of shares, warrants and convertibles (item 15 on the agenda):

• The maximum increase of the Company’s share capital after dilution following the utilization of the proposed authorisation for the Board to issue shares, warrants and convertibles is reduced from 20 per cent to 10 per cent.

No further amendments to the Board’s proposals have been made. For the complete revised proposals, please see www.enadglobal7.com.

For more information, please contact:

Ji Ham, Acting CEO

Phone: +46 70 065 07 53

ji@enadglobal7.com

Fredrik Rüdén, Deputy CEO and CFO

Phone: +46 733 117 262

fredrik.ruden@enadglobal7.com

About EG7

EG7 is a group of companies within the gaming industry that develops, markets, publishes and distributes PC, console and mobile games to the global gaming market. The company employs 470+ game developers and develops its own original IPs, as well as acts as consultants to other publishers around the world through its game development divisions Daybreak Games, Piranha Games, Toadman Studios, Big Blue Bubble and Antimatter Games. In addition, the group's marketing department Petrol has contributed to the release of 1,500+ titles, of which many are world famous brands such as Call of Duty, Destiny, Dark Souls and Rage. The group's publishing and distribution departments Innova and Sold Out hold expertise in both physical and digital publishing. EG7 is headquartered in Stockholm with approximately 880 employees in 16 offices worldwide.

Nasdaq First North Growth Market Ticker Symbol: EG7

Certified Adviser: Eminova Fondkommission AB, Phone: +46 8 684 211 00

IMPORTANT INFORMATION

This disclosure contains information that Enad Global 7 AB (publ) is obliged to make public pursuant to the Swedish Securities Markets Act (2007:528). The information was submitted for publication, through the agency of the contact person, on 14-06-2022 13:15 CET.