25.10.2022 08:45:01 CEST | Play Magnus AS | Non-regulatory press releases

(Oslo, 25 October 2022) - On October 20, 2022, Hans Moke Niemann filed a
complaint against Play Magnus AS.

The company is surprised by this complaint and finds no merit in the claims.
Play Magnus is conferring with legal counsel regarding any potential actions.

For purposes of clarity, Magnus Carlsen is an indirect shareholder of Play
Magnus AS holding 8.5% of shares through MagnusChess AS.

DISCLOSURE REGULATION

This release is an announcement issued pursuant to legal information obligations
and is subject of the disclosure requirements pursuant to the Market Abuse
Regulation (MAR) Article 17 no. 1 and section 5-12 of the Norwegian Securities
Trading Act, and was submitted for publication by Arkus Fredriksson, Chief
Strategy Officer of Play Magnus Group.

CONTACTS

 * Investor Relations, ir@playmagnus.com 

ABOUT PLAY MAGNUS AS

Play Magnus Group is a global leader in the chess industry focused on providing
premier digital experiences for millions of chess players and students. The
company offers elearning and entertainment services via its market leading
brands: chess24, Chessable, iChess, New In Chess, Everyman Chess, Magnus
Academy, Aimchess, the Play Magnus App Suite, and the Meltwater Champions Chess
Tour. The Group's mission is to grow chess to make the world a smarter place by
encouraging more people to play, watch, study, and earn a living from chess.


Play Magnus Group is listed on Euronext Growth Oslo under the ticker PMG and
OTCQX® Best Market under the ticker PMGMF. For more information visit pmg.me -
http://pmg.me/.

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/16823864/1830/2475/Download%20announcement
%20as%20PDF.pdf