Completion of Follow-On Fundraise

Guild Esports PLC (LSE: GILD; OTCQB: GULDF), a global teams organisation and lifestyle brand, is pleased to announce that it has completed a follow-on fundraising (the "Fundraise"), by way of a share placing and subscription of up to 26,000,000 new ordinary shares at a price of £0.005 per share. The placement follows and was at the same price as the Company's recently announced subscription.

The Company's executive management have subscribed for an aggregate total of 6,000,000 new ordinary shares at the placing price of £0.005 per share representing a total contribution of £30,000, with subscriptions made by Jasmine Skee, CEO; Nick Westwood, SVP of Creative and Strategy; Luke Jones, VP of Commercial, Esports and Gaming; Matthew Charles, Director of Operations; and Kristina Frost, Director of Client Services.

Arkios Limited ("Arkios") acted as bookrunner to the placement. John Lanyon, CEO of Arkios and an experienced investor and active board member of multiple technology companies, subscribed for up to 20,000,000 new ordinary shares. The first tranche is for 10,000,000 new ordinary shares for a total contribution of £50,000, and John Lanyon has conditionally subscribed for an additional 10,000,000 shares for a further contribution of £50,000. The second tranche is subject to mutual agreement between the Company and John Lanyon, and the Company expects the second tranche to complete by 31 December 2023. The ordinary shares held by John Lanyon will be subject to a six-month lock-in period from the date of issuance of the Tranche Two Subscription Shares.

Grant of Warrants

In consideration of their efforts in connection with the previously announced subscription, the Company ​has granted to each of Stephen Duval and John Lanyon warrants to subscribe for 15,000,000 and 5,000,000 ordinary shares respectively. The warrants are exercisable at £0.005 per share (being the price at which the subscription and Fundraise were completed) and are exercisable for a period of three years from the date of grant.

Jasmine Skee, CEO of Guild Esports, commented: "We are pleased that management and advisors have supported the Company, which stands as a vote of confidence in Guild's strategy and solidifies the commitment of our leadership team and advisors. This additional funding will be used together with the injection of capital announced last month opens exciting avenues for Guild and provides us with the means to accelerate our strategic initiatives as we look to build the world's leading gaming-focused media brand."