Reference is made to the announcement published by Heroic Group AS (NOTC: HEROIC) (the "Company") on 9 February 2022 regarding a share capital increase by issue of 330,000 new shares in the Company. 

The issuance of 330,000 new shares has been registered with the Norwegian Register of Business Enterprises. Following this registration, the share capital of the Company is NOK 278,150.00 divided into 13,907,500 shares, each share having a par value of NOK 0.02 and carrying one vote in the Company's general meeting. 

For further information, please contact:

Joachim Harg, Head of Finance and Investor Relations
harg@heroic.gg
+47 911 25 560

About Heroic
Heroic Group is a leading European esports organization with roots in the Nordics, with four pro teams at elite level in four different game titles, reaching millions of viewers globally. Founded in Denmark in 2016 as a promising challenger in the professional esports scene in Counter-Strike: Global Offensive, the organization currently competes in leading titles such as Counter-Strike: Global Offensive, PUBG, Rainbow 6 and Rocket League.

Heroic was acquired by Omaken Sports in February 2021, providing a strong platform for additional growth and expansion. In November 2021 Omaken Sports changed its name to Heroic Group to better reflect the long-term ambitions of the company. Today, Heroic Group is headquartered in Oslo, Norway, with rosters including players and coaches from Norway, Denmark, Sweden, Finland, Netherlands, UK and among other European countries.

With rapid growth as Heroic's main objective, Heroic is quickly entering new games, signing new elite teams, positioning for franchise stakes in top leagues, and attracting world-class commercial partners. The timing is now, and the opportunities are many. Initially, our main target is to conquer the elite esports segment under the Heroic banner. Over time, Heroic group will grow into other gaming verticals.