The board of directors in Heroic Group AS ("Heroic" or the "Company") has decided to terminate the employment relationship with the Company's CEO, Mr. Joachim Haraldsen. Ms. Memnia Papadoupoulou has been hired to replace Mr. Haraldsen as new/interim CEO following his termination. The board of directors will initiate a succession for the CEO position.

Furthermore, with reference to the extraordinary general meeting held on 21 July 2023, where Ms. Memnia Papadoupoulou and Mr. Michalis Neokleous were elected as new board members, the board has decided that Ms. Memnia Papadoupoulou shall act as the board's chairperson.

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 pro teams at elite level in three 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, Rainbow 6 and ESL R1 (simracing).

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, UK and among other European countries.