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") as
described in the offer document dated 19 February 2020 (the "Offer Document")
and the announcements made by the offeror on 16, 19 and 23 March 2020 regarding
extensions of the acceptance period for the Offer, in total until 25 March 2020
at 16:30 CET. 
Preliminary counting shows that shareholders holding 54,982,850 shares in
Funcom, representing approximately 67.59% of the issued and outstanding shares
in Funcom, had accepted the Offer upon expiry of the acceptance period today at
16:30 CET. 
As a result of the above and previous acquisition of shares, the Offeror owns,
or has, through acceptances, rights to, in total 77,324,071 shares in Funcom,
representing in total approximately 95.06% of the issued and outstanding shares
and voting rights in Funcom.
As previously announced, the condition of minimum 90% acceptance has been
fulfilled. The Offeror hereby declares that the Offer is unconditional, meaning
that any remaining Conditions for Completion (as set out in section 4.3 of the
Offer Document) are either fulfilled or waived by the Offeror and the Offeror
will proceed towards completion of the Offer. The settlement of the Offer will
take place on or about 8 April 2020.
Please note that the calculation of the number of shares tendered in the Offer
is preliminary and remains subject to potential adjustments through a
verification process currently being undertaken by the receiving agent for the
Offer. The final result of the Offer will be announced once confirmed by the
receiving agent. Such announcement is currently expected on 27 March 2020. 
The complete terms and conditions for the Offer are set out in the Offer
Document which have been sent to shareholders and 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. Baker McKenzie and AGP Advokater AS (Norway) are
acting as legal advisors to Tencent and the Offeror in connection with the
Offer.
For further information, please contact:
Tencent
Investor Relations
Jane Yip
Tel: (86) 755 8601 3388/ (852) 3148 5100 ext. 868961
Email: janeyip@tencent.com/ ir@tencent.com

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.