Risk factors

Prior to a possible investment decision, it is important to carefully analyse the risk factors that are deemed to be of importance to Thunderful Group and the future development of the share. The risk factors that are deemed to be significant for the Group are described below.

Thunderful Group has, in cases where a risk could not be quantified, assessed the materiality of the risk factors on the basis of the probability of their occurrence and the expected extent of their negative effects on the Group’s operations, earnings and/or financial position and the risk factors have therefore been graded on a qualitative scale with the designations low, medium and high. The statement below is based on information available as of the date of the Prospectus. The risk factors have been divided into the categories Risks related to the market and the business for the development and publishing of games (the Games business segment), Risks related to the market and the business for distribution of games, gaming accessories and toys (the Distribution business segment), Risks related to the Group as a whole and internal control, Financial risks, Legal risks and Risks related to the shares and the Offer. The risk factors currently considered most significant are presented first in each category, while the risk factors are then presented without any specific ranking.

See prospectus below for more information: