NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA,
CANADA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE
WOULD BE UNLAWFUL 

Reference is made to the offer document dated 19 February 2020 (the "Offer
Document") regarding Tencent Holdings Limited ("Tencent"), through the
indirectly owned subsidiary Tencent Cloud Europe B.V. (the "Offeror")
recommended voluntary offer for all the outstanding shares in Funcom SE
("Funcom") against a settlement in cash of NOK 17.00 per share (the "Offer").
Furthermore, reference is made to the stock exchange notice made by the Offeror
on 16 March 2020 and 19 March 2020 regarding extensions of the period during
which the offer can be accepted ("Acceptance Period") until 23 March 2020 at
16:30 hours CET and the stock exchange announcement of 17 March 2020 regarding
update on acceptances.

Pursuant to the Offer Document section 4.2 and section 4.9, the Offeror hereby
extends the Acceptance Period to 25 March 2020 at 16:30 hours CET. As a
consequence of the extension, the settlement of the Offer will be postponed
correspondingly, so that the settlement will be made within reasonable time
after the Offeror announces that the conditions for Completion of the Offer (as
set out in the Offer Document section 4.3) have been met or waived and in no
event more than 10 (ten) Business Days after the date of such announcement. The
Acceptance Period will not be further extended and the Offeror intends upon
expiry of the Acceptance Period, as extended, to proceed towards completion of
the Offer. 

Other than set out above, there are no amendments to the terms of the Offer or
the Offer Document. 

The acceptances already tendered will remain binding and there is no need for
shareholders that have already accepted the Offer to take any action whether to
confirm their acceptances or otherwise.

Preliminary counting shows that the Offeror has, shortly before the time of
release of this announcement, received acceptances of the Offer for a total of
54,559,778 shares, representing approximately 67.02% of the outstanding shares
and voting rights in Funcom. As a result of the above and previous acquisition
of shares, the Offeror owns, or has, through acceptances, rights to, in total
76,900,999 shares in Funcom, representing in total approximately 94.46% of the
share capital (calculated on a Fully Diluted basis as set out in section 4.3 of
the Offer Document). 

Provided that no conditions for completion are breached (see the Conditions for
Completion of the Offer in the Offer Document section 4.3), the Offer is
expected to be completed at the end of the Acceptance Period as adjusted. 

The Offeror would like to point out, as further set out in section 5.9 of the
Offer Document, that the Offeror will be exempted from making a mandatory offer
pursuant to article 5:71 of the Dutch Financial Supervision Act, if the Offer:
(i) has been declared unconditional, and (ii) the Offeror (upon the
unconditional Offer) has more than 50% (fifty per cent) of the issued and
outstanding Shares and voting rights in the Company. 
The complete terms and conditions for the Offer, including procedures for how to
accept the Offer and detailed information regarding settlement, are set out in
the Offer Document, with the amended Acceptance Period for the Offer as
described herein.

The Offer Document is, subject to regulatory restrictions in certain countries,
available at www.dnb.no/emisjoner and www.funcom.com. 

J.P. Morgan Securities Plc is acting as financial advisor to Tencent and the
Offeror and DNB Markets, a part of DNB Bank ASA, is acting as domestic financial
advisor and receiving agent (retail@dnb.no, +47 23 26 81 01). Baker McKenzie and
AGP Advokater AS (Norway) are acting as legal advisors to Tencent and the
Offeror in connection with the Offer.

About Funcom

Funcom is an independent developer and publisher of computer and console games.
Funcom was founded in 1993 and listed on the Oslo Stock Exchange in 2005. Funcom
became one of the pioneers of massively multiplayer online role-playing games
(“MMORPG”) when Funcom released the PC game Anarchy Online. Over the course of
its history, Funcom has developed and published around 30 game titles across
several genres and gaming platforms. Currently, Funcom holds a broad portfolio
of both released games and owned content, with high-degree control of its IPs.
Funcom’s key active game portfolio includes Conan Exiles, Mutant Year Zero,
Secret World Legends, Conan Unconquered as well other games such as Age of
Conan, Anarchy Online, The Park, Hide & Shriek and The Longest Journey.


About Tencent

Tencent uses technology to enrich the lives of Internet users. Tencent’s
communications and social platforms, Weixin and QQ, connect users with each
other and with digital content and services, both online and offline, making
their lives more convenient. Tencent’s targeted advertising platform helps
advertisers reach out to hundreds of millions of consumers in China. Tencent’s
FinTech and business services support its partners’ business growth and assist
their digital upgrade. Tencent invests heavily in talent and technological
innovation, actively promoting the development of the Internet industry. Tencent
was founded in Shenzhen, China, in 1998. Shares of Tencent (00700.HK) are listed
on the Main Board of the Stock Exchange of Hong Kong.


Important information about this release

This is a public announcement by Tencent and contains inside information as
meant in the European Market Abuse Regulation (596/2014) and the Norwegian
Securities Trading Act section 3-2 and is further subject to the disclosure
requirements according to Section 5-12 of the Norwegian Securities Trading Act.

This announcement is for information purposes only and does not constitute an
offer, or any solicitation of any offer, to buy or subscribe for any securities.

The Offer Document contains further details regarding the Offer, and the Funcom
shareholders are advised to review the Offer Document in detail. The Offer and
the distribution of this announcement and other information in connection with
the Offer may be restricted by law in certain jurisdictions. Tencent assumes no
responsibility in the event there is a violation by any person of such
restrictions. Persons into whose possession this announcement or such other
information should come are required to inform themselves about and to observe
any such restrictions. 

The Offer is subject to disclosure and procedural requirements of the Kingdom of
Norway, which are different from those in the United States. In addition, the
payment and settlement procedures with respect to the Offer will comply with the
relevant Norwegian rules, which differ from the United States payment and
settlement procedures. 

This release contains certain forward-looking statements within the meaning of
the securities laws and regulations of various international, federal, and state
jurisdictions. All statements, other than statements of historical fact,
included herein, including without limitation, statements regarding the Offer,
future plans and objectives of Funcom, the Offeror or Tencent Holdings Limited
are forward-looking statements that involve risk and uncertainties. There can be
no assurances that such statements will prove to be accurate and actual results
could differ materially from those anticipated in such statements.

THE OFFER WILL NOT BE MADE IN ANY JURISDICTION IN WHICH MAKING OF THE OFFER
WOULD NOT BE IN COMPLIANCE WITH THE LAWS OF SUCH JURISDICTION. THIS ANNOUNCEMENT
DOES NOT IN ITSELF CONSTITUTE AN OFFER. THE OFFER WILL ONLY BE MADE ON THE BASIS
OF THE OFFER DOCUMENT AND CAN ONLY BE ACCEPTED PURSUANT TO THE TERMS OF SUCH
DOCUMENT.