MindArk

Dear Shareholders,

As the new year unfolds, it's an opportune time to reflect on our journey and look ahead to the possibilities that 2024 brings. Something that is close on the horizon is the upcoming Q4 report, which will detail MindArk’s performance following the strategic changes we embarked upon in 2023.

Our engagement with Artificial Intelligence (AI) continues to be a key focus, drawing attention in the national media as it covers the significant technological advancements that the tech sector is experiencing now. MindArk was featured on SVT’s Rapport and Aktuellt at the beginning of January. The ongoing work we are doing underscores our commitment to leveraging technology for both operational efficiency as well as with time being able to provide an enhanced user experience within Entropia Universe.

In parallel, our work with Unreal Engine progresses steadfastly according to the enhanced plan we've communicated in the Q3 report. This move is designed to lower risks with the game engine transition while continuously improving the experiences in Entropia Universe. The transition is more than just a technological upgrade, and doing the upgrade step by step ensures that we continue to provide and improve our universe for our users to explore in the meantime. 

We are also preparing to release a significant User Interface update in the coming weeks. This enhancement is designed to improve user interaction with our platform, both to improve performance and to achieve a cohesive design and a visual upgrade. We are confident it will be well-received by our community.

Following last year’s implementation of new strategies and a redefined organisation, MindArk has entered into the new year more streamlined and efficient than ever before. We will now aim to expand our presence on the market and engage with investor communities both in the physical and digital in order to tell our story. These events will provide valuable opportunities for direct communication with existing and new potential shareholders.

Finally, we would like to express our appreciation to the MindArk team for their adaptability and commitment to integrating AI into our processes. Our thanks also go to you, our shareholders, for your ongoing support, and to our user community for your continued engagement with Entropia Universe.

We are optimistic about the year ahead and hope you are too!

Best regards,

Henrik Nel Jerkrot

CEO, MindArk PE AB (publ)

hennel@mindark.com

Tel: 031 607 260