Evolution completes acquisition of Nolimit City

As Evolution AB (publ) published on 22 June 2022, Evolution AB (publ)’s wholly‑owned subsidiary, Evolution Malta Holding Limited (“Evolution”), has entered into an agreement to acquire the entire issued share capital of Nolimit City Holding Ltd for a consideration payable in cash (the “Transaction”). All regulatory approvals that the Transaction was conditional upon have been received, and Evolution has today completed the Transaction and acquired Nolimit City.

For further information, please contact:

Jacob Kaplan, CFO, ir@evolution.com

The information was submitted for publication by the above contact person on 8 August 2022 at 20:35 CEST.

Evolution AB (publ) (”Evolution”) develops, produces, markets and licenses fully-integrated B2B Online Casino solutions to gaming operators. Since its inception in 2006, Evolution has developed into a leading B2B provider with 600+ operators among its customers. The group currently employs 15,000+ people in studios across Europe and in North America. The parent company is based in Sweden and listed on Nasdaq Stockholm with the ticker EVO. Visit www.evolution.com for more information.

Evolution is licensed and regulated by the Malta Gaming Authority under license MGA/B2B/187/2010. Evolution is also licensed and regulated in many other jurisdictions such as the United Kingdom, Belgium, Canada, Romania, South Africa, and others.