Update on Convertible Loan Agreement

Guild Esports PLC (LSE: GILD; OTCQB: GULDF), a global gaming-focused media business, announces that following the convertible loan agreement announced on 2 April 2024, Compassare Holdings ("Compassare") has exercised its right to convert the principal amount of £250,000 into new ordinary shares of £0.001 each in the Company ("Ordinary Shares").

The agreed conversion price was £0.00375, and as such Compassare has been issued and allotted 66,666,667 new Ordinary Shares in full satisfaction of Guild's obligations (other than admission) under the convertible loan agreement.

Prospectus and Admission

The Ordinary Shares to be issued to Compassare will rank pari passu in all respects with the existing Ordinary Shares. However, Guild does not currently have sufficient headroom for the Ordinary Shares issued pursuant to the conversion to be admitted to the Official List maintained by the FCA and to trading on the London Stock Exchange PLC's Main Market without the publication of a prospectus. The Company will use its reasonable endeavours to procure admission of the Ordinary Shares within 12 months, as permitted and required by the Listing Rules.

The Company is in the process of preparing a new prospectus and, subject to approval by the FCA, Guild will publish this in due course. Once the prospectus has been published, application will be made for the 66,666,667 Ordinary Shares to be admitted to the Standard List segment of the Official List and to trading on the Main Market of the London Stock Exchange PLC.

Following the issue and allotment of these shares, the total number of issued shares and total number of voting rights will be 804,984,029. The Company does not hold any shares in treasury.

Change of Company Secretary

Guild is pleased to announce that Westend Corporate LLC has been appointed as Company Secretary.