PLAYSIDE AND 2K GAMES SIGN LANDMARK WORK-FOR-HIRE DEVELOPMENT AGREEMENT

HIGHLIGHTS

PlaySide signs early eight-figure (AUD) work-for-hire development agreement with 2K Games, a label of leading global Publisher Take-Two Interactive Software (NASDAQ: TTWO, US$21b market cap).

This is the largest work-for-hire agreement PlaySide has signed since listing.

2K Games is developing a forthcoming franchise with PlaySide acting as a key partner.

The development cycle will be over 23 months, with a 12-month maintenance period post- launch.

PlaySide CEO Gerry Sakkas said:

“This is an extremely pleasing outcome for PlaySide, representing the largest work for hire contract since listing. We are excited to be working with 2K Games, a label from one of the world’s largest Publishers, Take- Two Interactive Software.”

“Our ability to secure this agreement with 2K Games underlines our position as Australia’s largest publicly listed game developer. We are looking forward to starting work on this project to demonstrate our capabilities in AAA game development on a franchise that we are extremely passionate about.”

”This deal is reflective of the quality of Age of Darkness: Final Stand which has been the catalyst for companies like 2K Games to recognise the Company’s world class development capabilities.”