GIG: Issue of new shares

Gaming Innovation Group Inc. ("GIG") has today 
issued 301,146,000 new shares of its common stock as 
follows:

1. 290,000,000 new shares for the purchase of all
   outstanding shares in Gaming Innovation Group
   Ltd., ref announcements from February 16, 2015
   and Information Memorandum dated March 27, 2015.
2. 5,000,000 new shares for the conversion of a  
   EUR 500,000 loan from Gaming Innovation Group 
   Ltd. to GIG's subsidiary Candid Gaming Ltd.
3. 5,125,000 new shares for the exercise of warrants
   at a share price of NOK 1.30 per share, ref. 
   announcement from February 25, 2015.
4. 1,021,000 new shares for the purchase of an 
   affiliate network, ref announcement from June 16,
   2015.

Gaming Innovation Group Inc. confirms that the new 
shares have been duly authorized by all necessary 
corporate action and that the new shares have been 
fully paid and validly issued. The Company's share 
capital has increased from USD 20,097,495 to USD 
50,212,095, and the number of outstanding shares has 
increased from 200,974,952 to 502,120,952 (par value 
USD 0.10). The new shares are issued under the 
Company's 750,000,000 authorized shares. 

Of the new shares issued as consideration for all 
outstanding shares in Gaming Innovation Group Ltd., 
274,000,000 shares will be subject to a two-year lock-
up period, whereof shares with a trading value of 
NOK 10 million will be released after 12 months. The 
lock-up undertaking shall also apply to 9,061,867 
existing GIG shares held by GIG shareholders.

Gaming Innovation Group Ltd.'s existing holding of 
22,000,000 GIG shares and the new shares received 
from the loan conversion, a total of 27,000,000 Nio 
shares will be used for the purchase of online 
marketing firm Spaseeba AS as earlier announced. 
These shares are subject to a lock-up until May 1, 
2017.

In connection with the share issue, a warrant to 
purchase 5 million GIG shares at a share price of 
NOK 1.20, held by Gaming Innovation Group Ltd., has 
been cancelled. 

After the share issue, GIG's current holding of own 
shares (22,000,000) will be reduced from 10.95% of 
the outstanding shares to 4.38% of the new number of 
outstanding shares. Further, the shares held by a 
trust for the benefit of the management team in 
Candid Gaming (14,000,000) will reduce its holding 
from 6.97% of the outstanding shares to 2.79% of the 
new number of outstanding shares.

Super Innovative Limted, a company owned by Robin 
Reed, CEO and primary insider of GIG, will receive 
52,468,528 new GIG shares as consideration for its 
shares in Gaming Innovation Group Ltd. After this 
transactions, close associates of Robin Reed owns 
52,468,528 shares in GIG, increasing his holding of 
shares in GIG from 0.00% to 10.45% of the 
outstanding shares in GIG.

For further information:
Robin Reed, CEO, +356 9999 0382, email:  
Robin.Reed@guts.com 

About GIG
Gaming Innovation Group Inc. is a rapidly growing 
gambling solutions and entertainment provider. The 
group provides three bespoke revenue models; cutting-
edge Cloud based Services, B2B Performance 
Marketing, and B2C gambling operators offering games 
from the best-of-breed suppliers across the online 
sports betting and casino industry. Gaming 
Innovation Group operates out of Malta, and is 
listed on the Oslo Stock Exchange with the 
ticker "GIG". 

For more information about the Group and our 
services, visit:
https://www.GamingInnovationGroup.com
https://www.iGamingCloud.com
https://www.Guts.com
https://www.Betspin.com