Remedy Entertainment Oyj - Major shareholder announcements

Remedy Entertainment Plc: Tencent Holdings Limited's shareholding in Remedy has gone above the 10 percent threshold

Remedy Entertainment Plc    Stock Exchange Release      April 26, 2024, at 11:00
a.m. EEST

Tencent Holdings Limited's shareholding in Remedy has gone above the 10 percent
threshold


Remedy Entertainment Plc has on April 25, 2024, received a notification under
Chapter 9, Section 5 of the Finnish Securities Markets Act according to which
Tencent Holdings Limited's indirect shareholding of Remedy shares and voting
rights has gone above the 10 percent threshold on April 24, 2024.

According to the notification, Tencent Holdings Limited's indirect shareholding
in Remedy has increased to 2,005,716 shares, corresponding to 14.80 percent of
Remedy's shares and voting rights. Remedy's registered total number of shares
and voting rights amounting to 13,552,651 has been used in the calculation of
percentages for the notification.

Total positions of Tencent Holdings Limited through the shareholder:

+----------------+----------+------------------+------+----------------------+
|                |% of      |% of shares and   |Total |Total number of shares|
|                |shares and|voting rights     |of    |and voting rights of  |
|                |voting    |through financial |both  |issuer                |
|                |rights    |instruments (total|in %  |                      |
|                |(total    |of B)             |(A +  |                      |
|                |of A)     |                  |B)    |                      |
+----------------+----------+------------------+------+----------------------+
|Resulting       |14.80%    |                  |14.80%|13,552,651            |
|situation on the|          |                  |      |                      |
|date on         |          |                  |      |                      |
|which threshold |          |                  |      |                      |
|was crossed or  |          |                  |      |                      |
|reached         |          |                  |      |                      |
+----------------+----------+------------------+------+----------------------+
|Position of     |5.01%     |                  |5.01% |                      |
|previous        |          |                  |      |                      |
|notification    |          |                  |      |                      |
|(if applicable) |          |                  |      |                      |
+----------------+----------+------------------+------+----------------------+

Details of the resulting situation on the date on which the threshold was
crossed or reached:

A: Shares and voting rights

+------------+----------+---------+--------------------+---------------+
|Class/type  |Number of           |% of shares and                     |
|of shares   |shares and          |voting rights                       |
|ISIN code   |voting              |                                    |
|(if         |rights              |                                    |
|possible)   |                    |                                    |
+------------+----------+---------+--------------------+---------------+
|Direct      |Indirect  |Direct   |Indirect            |
|(SMA 9:5)   |(SMA 9:6  |(SMA 9:5)|(SMA 9:6 and 9:7)   |
|            |and 9:7)  |         |                    |
+------------+----------+---------+--------------------+---------------+
|FI4000251897|2,005,716 |2,005,716|14.80% (Image Frame |14.80% (Tencent|
|            |(Image    |(Tencent |Investment (HK) Ltd)|Holdings       |
|            |Frame     |Holdings |                    |Limited)       |
|            |Investment|Limited) |                    |               |
|            |(HK)      |         |                    |               |
|            |Ltd)      |         |                    |               |
+------------+----------+---------+--------------------+---------------+
|SUBTOTAL A  |2,005,716           |14.80%                              |
+------------+----------+---------+--------------------+---------------+

B: Financial Instruments according to SMA 9:6a

+--------------+----------+----------+-----------+-----------------+-----------+
|Type of       |Expiration|Exercise/ |Physical or|Number of shares |% of shares|
|financial     |date      |Conversion|cash       |and voting rights|and voting |
|instrument    |          |Period    |settlement |                 |rights     |
+--------------+----------+----------+-----------+-----------------+-----------+
|Not applicable|          |          |           |                 |           |
+--------------+----------+----------+-----------+-----------------+-----------+
|                                    |SUBTOTAL B |                 |           |
+--------------+----------+----------+-----------+-----------------+-----------+

Full chain of controlled undertakings through which the shares, voting rights
and/or financial instruments are effectively held starting with the ultimate
controlling legal entity:

+---------------+-----------+-----------------------------+-------------+
|Name           |% of shares|% of shares and voting rights|Total of both|
|               |and voting |through financial instruments|             |
|               |rights     |                             |             |
+---------------+-----------+-----------------------------+-------------+
|Tencent        |0.00%      |0.00%                        |0.00%        |
|Holdings       |           |                             |             |
|Limited        |           |                             |             |
+---------------+-----------+-----------------------------+-------------+
|Image Frame    |14.80%     |0.00%                        |14.80%       |
|Investment (HK)|           |                             |             |
|Ltd            |           |                             |             |
+---------------+-----------+-----------------------------+-------------+

More information

Veli-Pekka Puolakanaho, Head of Corporate Development and IR

Phone: +358 50 430 0936

Email: veli-pekka.puolakanaho@remedygames.com

Liisa Eloranta
Senior Investor Relations Specialist
Phone:  +358 50 4334 992
liisa.eloranta@remedygames.com

Remedy in brief

Remedy Entertainment Plc is a pioneering, globally renowned video game company
founded in 1995 and headquartered in Finland with an office in Stockholm,
Sweden. Known for its story-driven and visually stunning action games, Remedy
has created multiple successful, critically acclaimed franchises such as
Control, Alan Wake and Max Payne. Remedy also develops its own Northlight game
engine and tools technology that powers many of its games. Remedy's shares are
listed on Nasdaq Helsinki's official list. www.remedygames.com