Asmodee

The prospectus
Asmodee has in connection with the Distribution and the admission to trading of the class B shares on Nasdaq Stockholm prepared a Swedish as well as an English language prospectus. The Swedish language prospectus has today been approved by the SFSA. Both language versions are published on Asmodee's website.

The prospectus has been prepared in accordance with Regulation (EU) 2017/1129 of the European Parliament and of the Council (the "Prospectus Regulation"). The Swedish language prospectus has been approved by the SFSA, which is the Swedish national competent authority under the Prospectus Regulation. The SFSA only approves the Swedish language prospectus as meeting the standards of completeness, comprehensibility and consistency imposed by the Prospectus Regulation. The approval should not be considered as an endorsement of Asmodee or of the securities described in the prospectus. The SFSA does not guarantee the accuracy or completeness of the factual information contained in the prospectus. Each investor is advised to make its own assessment of whether it is appropriate to invest in the shares of Asmodee.

Timetable for the Distribution:

Advisors
BNP PARIBAS, J.P. Morgan SE, Skandinaviska Enskilda Banken and Société Générale are acting as lead financial advisors, while DNB Markets, part of DNB Bank ASA, Sweden branch and Swedbank AB are acting as financial advisors to Asmodee in connection with the Distribution. Baker McKenzie is acting as legal advisor to Asmodee and Embracer Group while White & Case is acting as legal advisor to the financial advisors.

For more information, contact
Nathalie Redmo, Head of Investor Relations, Asmodee
Tel: +46 768 10 22 43
E-mail: ir@asmodee.com

Asmodee Corporate Communications team
E-mail: press@asmodee.com

About Asmodee
Asmodee is an entertainment leader specialized in tabletop games, committed to bringing people together through great games and amazing stories. Thanks to its global and passionate workforce of over 2,200 people, players around the world enjoy one of the largest tabletop game IP catalogs with CATAN, Ticket to Ride®, Dobble/Spot it!, Exploding Kittens and hundreds more across a variety of digital and physical platforms. With its operational headquarters in France, Asmodee operates across Europe, North America, South America, Asia and Oceania.

Important information
The publication, release or distribution of this press release may be restricted by law in certain jurisdictions and persons in the jurisdictions where this press release has been published or distributed should inform themselves about and observe any such legal restrictions. The recipient of this press release is responsible for using this press release and the information contained herein in accordance with the applicable rules in each jurisdiction. This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any Asmodee securities in any jurisdiction, neither from Asmodee nor from anyone else.

This press release does not constitute a prospectus for the purposes of the Prospectus Regulation. Investors should not invest in the securities described in this announcement on the basis of anything other than the information contained in the prospectus that Asmodee has prepared and published on its website. Prospective investors should read the prospectus before making an investment decision so that they fully understand the potential risks and rewards associated with the decision to invest in the securities.

This press release does not constitute an offer or invitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States absent registration or an applicable exemption from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of such securities in the United States.

BNP PARIBAS, J.P. Morgan SE, Skandinaviska Enskilda Banken, Société Générale, DNB Markets, part of DNB Bank ASA, Sweden branch and Swedbank AB are acting on behalf of Asmodee in connection with the Distribution and not on behalf of anyone else. BNP PARIBAS, J.P. Morgan SE, Skandinaviska Enskilda Banken, Société Générale, DNB Markets, part of DNB Bank ASA, Sweden branch and Swedbank AB will not be responsible to anyone else for providing the protections afforded to its clients or for providing advice in relation to the Distribution or in relation to any other matter referred to herein.

This press release does not constitute an invitation to underwrite, subscribe or otherwise acquire or transfer securities in any jurisdiction. This press release does not constitute a recommendation for any investor's decision regarding the Distribution. Each investor or potential investor should conduct its own investigation, analysis and evaluation of the business and information described in this announcement and any publicly available information. The price and value of the securities may go down as well as up and past performance is no guide to future results. Neither the contents of Asmodee's website nor any other website accessible through hyperlinks on Asmodee's website are incorporated into or form part of this announcement.

[1] The date by which shareholders of Embracer Group must be registered to receive Asmodee shares, with no further action required.