Exercise of warrants & Issue of Equity & TVR

27 January 2021

Sumo Group plc

("Sumo Group", the "Group" or the "Company")

Exercise of warrants and issue of equity

and

Total voting rights 

The Board of Sumo Group announces that it has made an application to the London Stock Exchange for the admission to trading on AIM ("Admission") of 1,450,000 new ordinary shares of 1p each in the Company ("New Ordinary Shares").

The New Ordinary Shares are being issued pursuant to the exercise of warrants to subscribe for new Ordinary Shares at a price of 100p per Ordinary Share, generating proceeds of £1,450,000 for the Company.

The warrants were granted to Zeus Capital (Sumo's NOMAD and Broker) at the time of the Company's IPO in 2017. Following this exercise, the Company now has no warrants in issue.

The New Ordinary Shares will rank pari passu in all respects with the Company's existing ordinary shares and Admission is expected to become effective on 2 February 2021.

Total Voting Rights

From Admission the issued share capital of the Company will consist of 170,757,758 Ordinary Shares, with one voting right per share. As the Company does not hold any Ordinary Shares in treasury, the total number of Ordinary Shares and voting rights in the Company will be 170,757,758.

From Admission, the above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Enquiries:

About Sumo Group plc

Sumo Group's businesses provide acclaimed development and design services to the video games and entertainment industries from studios in the UK, India, Canada, and the US.

Sumo Digital, as the Group's primary business, is one of the UK's largest independent developers of AAA-rated video games, having studios in Sheffield, Newcastle, Nottingham, Leamington Spa, Warrington and Pune, India. The business has acquired three studios since IPO, which operate under their own names, BAFTA award-winning The Chinese Room in Brighton, Red Kite Games in Leeds, and Lab42 in Leamington Spa. Sumo Digital provides turnkey and co-development solutions to a global blue-chip client base.

Atomhawk is a multi-award-winning visual design company, with studios in Newcastle and in Vancouver (Canada), servicing the games, film, and visual effects industries.

Pipeworks is an innovative, well-established, and respected US video games developer based in Eugene, Oregon. It provides full development, co-development, and live operations to premier video game publishers and other partners.