Gamenet S p A : EXERCISE OF THE OPTION RIGHTS GRANTED UNDER THE STOCK OPTIONS PLAN 2017-2020. AMENDMENT OF SHARE CAPITAL

PRESS RELEASE

EXERCISE OF THE OPTION RIGHTS GRANTED UNDER THE STOCK OPTIONS

PLAN 2017-2020

AMENDMENT OF SHARE CAPITAL

Rome, 10 February 2020 - Gamenet Group S.p.A. (MTA; Bloomberg ticker: GAME: IM) a company listed on the STAR segment of the Mercato Telematico Azionario organised and managed by Borsa Italiana S.p.A., LEI code 81560046335277E43118, (hereinafter "Gamenet Group" or the "Issuer"), announces that today (i) all the beneficiaries of the Stock Option Plan 2017 - 2020 ("SOP") have exercised the option rights granted to each of them under the above mentioned Plan; (ii) the share capital increase resolved by the Board of Directors on 23 January 2020 has been fully subscribed and executed upon the exercise of the option rights under the Stock Option Plan 2017-2020 and (iii) a total of 1,500,000 ordinary shares of Gamenet Group have been assigned to the SOP beneficiaries.

Exercise of the option rights granted under the Stock Options Plan 2017-2020

Further the press relaeases of 13 December 2019 and 23 January 2020, it is hereby announced that today all the beneficiaries of the Stock Option Plan 2017 - 2020, approved by the Issuer's Shareholders' Meeting on 20 October 2017 and subsequently amended on 27 April 2018, have exercised the option rights granted to them under the SOP, at the exercise price of Euro 6.25, and, therefore, they have been assigned a total of n. 1,500,000 ordinary shares of Gamenet Group, made by 1,131,900 treasury shares (representing all the treasury shares held by the Issuer) and, for the balance, all the shares resulting from the share capital increase approved by the Board of Directors on 23 January 2020.

Change in share capital

Pursuant to art. 85-bis of Consob Regulation no.11971/99, notice is hereby given of the new composition of the Gamenet Group's fully subscribed and paid-in share capital, following the complete subscription of the capital increase to service of the Stock Option Plan 2017 - 2020 resolved by the Board of Directors on 23 January 2020, which exercised the authority granted, according to article 2443 of the Italian Civil Code, by the Shareholders Meeting on 23 August 2017.

Gamenet Group's share capital therefore amounts to EUR 32,300,625.00 divided into 30,368,100 shares with no indication of par value.

Below the representation of the current share capital composition compared with the previous one:

		Current share capital	Previous share capital
		Euro	no.	of	Unit	Euro	no. of Shares		Unit
			Shares		Value				Value
Total of which:	32,300,625.00	30,368,100	-	30,000,000.00	30,000,000		-
Ordinary	shares	32,300,625.00	30,368,100	-	30,000,000.00	30,000,000		-
(regular	entitlement: January

1, 2020) current coupon number: 3

The certification under art. 2444 of the Italian Civil Code was filed with the Companies' Register of Rome today.

The Company also informs that the updated By-Laws of the Company will be made available to the public on the Company's website (www.gamenetgroup.com), in the section "Governance" and through the authorized storage mechanism "1info", in accordance with applicable law.

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Gamenet Group, a company listed on the STAR segment of the Italian Stock Exchange, is one of the leading operators in the Italian gaming industry in terms of revenues, which amounted to Euro 531.2 million in the nine-month period ended September 30, 2019, as a result of its wide and diversified offer of gaming products operated under a multi-license regime in five different business sectors: (i) amusement with prize machines (AWPs); (ii) video lottery terminals (VLTs); (iii) sports betting and gaming through the retail network (Retail Betting); (iv) online sports betting and gaming (Online Betting); and (v) management of gaming halls and owned AWPs (Retail & Street Operations). With effect from October 9, 2018, 100% of the activities of GoldBet are included within Group operations.

As of September 30, 2019, the Group's portfolio of granted concessions comprised 29,954 AWP licenses and 8,570 VLT licenses, along with 1,732 betting licenses and 68 proprietary gaming halls distributed across Italy.

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For further information:
Josef Mastragostino - Investor Relations	+39 06.89865700
	[e-mail]
Gennaro Schettino - Press Office	+39 06.89865834
	[e-mail]
Image Building - Media Relations	+39 02.89011300
	[e-mail]

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