June 26, 2023

Name of Company:

NEXON Co., Ltd.

Representative:

Owen Mahoney, Representative Director,

President and Chief Executive Officer

(Stock Code: 3659, TSE Prime Market)

Contact:

Shiro Uemura, Representative Director and

Chief Financial Officer

Telephone:

03-6629-5318

Notice of Change in Major Shareholder

NEXON Co., Ltd. ("Nexon") today made an announcement regarding a change in its major shareholder as of June 23, 2023. The details are as follows:

1. Background of the change

Nexon has confirmed a change in its major shareholder due to the filing of a large shareholding report (change report) to the Kanto Financial Bureau as of June 23 by the shareholder indicated below.

2. Overview of shareholder subject to change

(1)

Name

Public Investment Fund

(2)

Location

The Public Investment Fund Tower

King Abdullah Financial District, Al Aqiq, Riyadh 13519

Kingdom of Saudi Arabia

(3)

Name/title of the

Yasir Othman Al Rumayyan, Governor

representative

(4)

Business description

Investments in various sectors and assets, domestically and in foreign

countries

3. Number of voting rights (shares) held and the ratio against the total number of voting rights of the relevant shareholder before and after the change

Number of voting rights

Ratio against the total number of

Major

shareholder

(shares held)

voting rights

rank

Before change

822,264 units (82,226,400 shares)

9.22%

After change

885,489 units (88,548,900 shares)

10.23%

(Note) 1. The information above is based on the large shareholding report (change report) filed by the relevant shareholder and Nexon has confirmed no beneficial ownerships of the number of shares held in the name of said shareholder. Major shareholder rank is also not stated as the information cannot be confirmed.

2. The ratio against the total number of voting rights before the change is calculated based on the

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total number of voting rights (8,916,829 units) as of December 31, 2021.

  1. The ratio against the total number of voting rights after the change is calculated based on the total number of voting rights (8,653,451 units) as of June 30, 2022.
  2. The ratio against the total number of voting rights is rounded to the nearest hundredth.

4. Future outlook

This matter is based on the large shareholding report (change report) and there is no item of special note concerning the future outlook.

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Disclaimer

Nexon Co. Ltd. published this content on 26 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 June 2023 11:22:06 UTC.