Netcall Regulatory News (NET)

29 May 2015

Nektan PLC

("Nektan", the "Company" or the "Group")

Further Financing and Issue of Equity

Secures £8 million in total in new financing following an additional fundraising of £0.9 million under the Fundraising Over-Allotment

Nektan plc (AIM: NKTN), the leading international B2B mobile gaming content developer and platform provider, is pleased to announce that, further to the announcement made on 22 May 2015, it has raised an additional £0.9 million through the Fundraising Over-Allotment to further support the Company's growth strategy. The Company has successfully raised, in aggregate, £8.0 million in new financing.

Nektan will issue Convertible Loan Notes to new investors raising 0.75 million through the issue of non-VCT Loan Notes, subject to the terms as detailed in the announcement of 28 April 2015. Further, a total of 89,552 new Ordinary Shares have been placed at a price of 167.5 pence per new Ordinary Share, raising gross proceeds of approximately £0.15 million for the Company.

In addition, Disruptive Technology Limited ("DTL") has agreed to exchange with the Company £0.45 million of the remaining £0.6 million intended drawdown under the DTL Loan Facility for a subscription of non-VCT Loan Notes of equivalent value.

The Company has today allotted and issued 89,552 new Ordinary Shares, credited as fully paid and being identical to and ranking parri passu in all respects with the existing Ordinary Shares. Accordingly, an application has been made for admission of the new Ordinary Shares to trading on AIM ("Admission"), and it is expected that such Admission will become effective and that dealings will commence on AIM at 8.00 a.m. UK (BST) time on 3 June 2015.

Following Admission, the Company's enlarged issued ordinary share capital will comprise 22,574,377 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury. This figure of 22,574,377 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

David Gosen, Nektan's Chief Executive Officer, said:

"Nektan's strategy is focused on B2B real money gaming in Europe and opening up the North American land based casinos with in-venue mobile technology and this clearly resonates with existing and new investors. Our strengthened balance sheet ensures that we are well positioned to continue to execute on our strategy, scale the business and drive profitable growth."

All defined terms used in this announcement are defined in the "New financing of £7.1 million to support US expansion and continued European growth" announcement made on 28 April 2015.

For further information on the Company, please contact:

Further information on Nektan can be found on the Company's website at www.nektan.com

About Nektan:

Nektan is the leading international B2B mobile gaming content developer and platform provider. The Company designs, builds and operates mobile games in the regulated, interactive real money gaming ("RMG") and freemium gaming space, delivering original and innovative content to large commercial organisations that have established online audiences.

Nektan's full end-to-end technology platform, Evolve, simplifies and supports the route to mobile and desktop gaming revenues, managing the full customer experience and back-office operations, allowing commercial partners to focus solely on marketing the product to their consumers. In 2015, Nektan has announced a number of major white label gaming partnerships to date, including:

· A partnership with News UK to launch Sun Play, an innovative new gaming product for The Sun newspaper in the UK

· A real money gaming agreement with established casino brand 'Kerching'

· A partnership with Channel 4 to launch a freemium bingo game branded with the popular award-winning television programme 'Come Dine With Me'

· An agreement with Independent News & Media to develop and operate a multi-platform real money casino in Ireland

· An agreement with TV3 to develop and operate a multi-platform real money casino in Ireland

Nektan also operates a joint venture, ReSpin, with Spin Games LLC that provides US land-based casinos with in-venue mobile technology and an innovative way of increasing revenue from end-of-life cabinets whilst providing players new and innovative content to play which includes functionality on mobile devices. Eighteen land-based casinos have currently contracted or signed letters of intent for delivery of in-venue mobile enabled gaming during 2015.

Nektan is regulated by the Gibraltar Licensing Authority and has offices in Gibraltar, London and Las Vegas.