Capital increase - Rights Issue No 23-2016

Announcement no. 23/2016
Copenhagen, 27 May 2016

Capital increase - Rights Issue

The board of directors of Hugo Games A/S has decided to carry
out an increase of the Company's share capital in July 2016.

The capital increase will be carried out as a rights issue,
i.e. with preferential rights for existing shareholders. The
share price in the rights issue will be at market price or
below market price.

The board of directors expects to increase the share capital
by up to a total nominal amount of DKK 15,000,000 by cash
payment, provided that the above mentioned proposal for grant
of authorization from the general assembly to the board of
directors is passed.

Any queries regarding this company announcement may be
addressed to
- Henrik Kølle, CEO +45 4028 5054 or ir@hugogames.com
- Søren Kokbøl Jensen, IR manager +45 29 44 50 01 or
ir@hugogames.com


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