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Funcom Plans Listing at the Oslo Stock Exchange

Posted on: Thursday, 3 November 2005, 06:00 CST

Funcom, Europe's largest developer of subscription-based Massively Multiplayer Online games (MMO's), has applied for public listing on the Oslo Stock Exchange (OSE). The company's Board of Directors has informed the OSE of their intent to list the company in the near future. The listing is subject to market conditions and final approval from the OSE.

"There is a considerable market potential for MMO's, and Funcom is a world leader in both technology and quality within the segment," said Torleif Ahlsand, Chairman of the Board of Directors in Funcom. "The listing and subsequent issue will strengthen Funcom's financial position, its flexibility and enables the company to further strengthen its product pipeline, as well as pursue attractive investment opportunities in the years to come."

"An application for a stock exchange listing is a natural next step for Funcom and demonstrates the maturity of our company" said Trond Arne Aas, CEO of Funcom. "Access to a regulated and efficient market will enable us to pursue our strategy of becoming a global leader in subscription-based online gaming, and increases Funcom's strategic opportunities."

Funcom has grown to become internationally recognized for its expertise in developing compelling online games. Over the last few years the company has gained a unique experience in operating and developing MMO's. More than one million players are now registered in the Funcom community. Funcom is currently developing three MMO's, including the award-winning 'Age of Conan - Hyborian Adventures' and 'Anarchy Online'. The company's listing at the stock exchange combined with a cost efficient and experienced organization will further improve Funcom's overall opportunities in the global marketplace.

ABOUT FUNCOM - Funcom is an independent developer and publisher of online games for PC, consoles and mobile platforms. Funcom has provided outstanding entertainment since 1993 and continues to expand its track-record of 24 released games to date. Recent successes include 'The Longest Journey' and 'Anarchy Online'. For corporate information please visit www.funcom.com. For information about Funcom games visit www.anarchy-online.com, www.dreamfall.com or www.ageofconan.com. Funcom is backed by Northzone Ventures, Stelt Holding, Teknoinvest and Nordic Venture Partners.

Source: Business Wire

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