Update on Equity Sharing Agreement

4 October 2017

PCG Entertainment Plc

("PCGE" or the "Company")

PCG Entertainment Plc / Index: AIM / Epic: WSBN

Update on Equity Sharing Agreement

On 18 August 2017, the Company announced that it had entered into an Equity Sharing Facility with RiverFort Global Capital ("RiverFort") (the "Announcement"). Further to this announcement, the Company can confirm that it is currently in discussions with RiverFort regarding the exact terms of the first Monthly Payment, which it expects to announce in the second week of October 2017.

Going forward, the Company intends to announce the results of their monthly drawdowns in the second week of the month after each individual drawdown.

For more information on PCGE please visit the Company's website www.pcge.com.

All definitions are as per the Announcement.

Enquiries:

PCG Entertainment PLC

Richard Poulden, Chairman Tel: +44 207 812 0645

Allenby Capital Limited

Nick Naylor/Nick Harriss/James Thomas Tel: +44 20 3328 5656

Beaufort Securities Limited

Elliot Hance Tel: +44 20 7382 8300

Damson Communications

Abigail Stuart-Menteth/Amelia Hubert Tel: +44 20 7812 0645