Closing of Placing

THIS ANNOUNCEMENT (INCLUDING THE APPENDIX) AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA), AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

29 July 2016

Stride Gaming plc

("Stride Gaming", or the "Company")

Closing of Placing

Further to the announcement earlier this morning that Stride Gaming (AIM: STR), the multi-branded online gaming operator, has entered into conditional agreements to acquire assets (the "Tarco Assets") of Tarco Limited ("Tarco") with the entire issued share capital of Netboost Media Limited ("Netboost Media"), a marketing business which services the Tarco Assets, and the entire issued share capital of 8Ball Games Limited ("8Ball") (together, the "Acquisitions"), and is conditionally raising £27 million through a placing of new Ordinary Shares in the Company, Stride Gaming is pleased to announce that the Placing has been fully subscribed.

A total of 12,000,000 Placing Shares have been placed at a Placing Price of 225 pence per Placing Share (the "Placing Price"), raising gross proceeds of £27.0 million.

The Acquisitions and the Placing are each conditional upon, amongst other things, the passing of the Resolutions at the General Meeting. However, the Acquisitions are also conditional on a number of other matters (including the receipt of various contractual change of control consents) and are, therefore, expected to complete after Admission. As such, the Placing is not conditional upon completion of the Acquisitions and there is, therefore, a possibility that the Placing Shares might be issued but that none (or not all) of the Acquisitions will complete. In these circumstances, the Directors would consider the Company's options with regard to how best to utilise the balance of the net proceeds of the Placing.

A circular to Shareholders is expected to be posted on or around 3 August 2016, convening a general meeting of the Company to be held on or around 22 August 2016 with Admission expected to occur on or around 23 August 2016.

Directors' participation in the Placing

The Company announces the following independent directors of the Company have subscribed for shares in the Placing at the Placing Price as follows:

All terms in this announcement have the meaning given to them in the announcement made by the Company at 7 a.m. on 29 July 2016 unless otherwise defined herein.

Enquiries:

The person responsible for arranging for the release of this announcement on behalf of the Company is Ronen Kannor, Chief Financial Officer.