Chairman subscribes for shares in the Rights Issue. No.44-2016

Copenhagen, July 18, 2016

Chairman Bertel David Maigaard has through his related
company Paw Capital ApS subscribed 2,500,000 shares in the
ongoing Rights Issue in Hugo Games at a subscription price of
NOK 1.50 per share. Bertel David Maigaard, Paw Capital ApS or
other related parties do not currently own shares in the
company.
Depending on the total subscription of shares in the rights
issue, Paw Capital ApS may be allocated up to 2,500,000
shares based on the subscription for shares without
subscription rights.

Hugo Games
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About Hugo Games

Hugo Games is a Nordic mobile games publisher and developer
located in Copenhagen. At Hugo Games we are passionate about
games and we are committed to making titles that will engage
and bring genuine joy to people for years. We have a
consistent portfolio of games globally available across a
wide range of platforms including iOS, Android, Windows,
Amazon and Facebook.

More information available at www.hugogames.com