17.5.2021 14:00:01 CEST | Play Magnus AS | Non-regulatory press releases

(Oslo, May 17, 2021) - Play Magnus Group (Euronext Growth Oslo: PMG), a global
leader in the chess industry, and FTX, a leading cryptocurrency exchange, have
entered into a long-term agreement for FTX to become the Official Cryptocurrency
Exchange Partner of the Meltwater Champions Chess Tour and the presenting
partner of the next Major of the Tour, the FTX Crypto Cup.

"We are thrilled to announce that FTX is partnering with the Tour to bring the
communities of chess fans and crypto enthusiasts together in celebration of
these two fast growing industries. We look forward to bringing first-of-its-kind
crypto-themed activations for chess and sports to our Meltwater Champions Chess
Tour and broadcasts," said Andreas Thome, CEO of Play Magnus Group. "For Play
Magnus Group, this is a big moment as we, along with many chess players around
the world, have been following cryptocurrencies for many years and are
passionate about celebrating this fast-growing industry in its very own
tournament, the upcoming FTX Crypto Cup."

The FTX Crypto Cup is the final Major of the year-long Meltwater Champions Chess
Tour, featuring the world's best chess players competing for the largest prize
fund in online chess. On top of the $220K fund, there will be a bonus prize of
$100K set in bitcoin that fans will be able to track throughout the broadcast in
real time to see the ultimate final prize of the tournament. The winner of the
FTX Crypto Cup will be guaranteed a spot in the Final of the Tour in San
Francisco in September.

 "Both online chess and digital finance are growing rapidly." said CEO and
Founder of FTX, Sam Bankman-Fried. "Play Magnus Group has pushed the boundaries
of chess and established itself as the leading professional circuit