Team17 Regulatory News (TM17)

16 July 2020

Team17 Group plc

("Team17", the "Group" or the "Company")

Publishing Agreement

Team17, a global games entertainment label, creative partner and developer of independent ("indie") premium video games, is pleased to announce it has signed a publishing agreement with Tencent Games' NExT Studios for its roguelike adventure, Crown Trick , launching on PC and Nintendo Switch™ later this year.

Following the successful launch of My Time at Portia and Neon Abyss, both of which were developed in China, Team17 is delighted to announce a new partnership with NExT Studios which will see Team17 leveraging its unique blend of commercial and game developer expertise to provide NExT Studios with support to maximise the game's global appeal outside mainland China.

Crown Trick, a finalist in the Indie Prize (Asia) 2019 Awards, is set in a procedurally generated maze-like dungeon and is focused on strategic, synchronous, turn-based gameplay where enemy decisions and actions are only revealed when players make their moves. The game features hundreds of weapons, skills, and items on hand to customise and evolve the combat style as the quest progresses.

Debbie Bestwick MBE, Chief Executive Officer, commented:

"We are delighted to be building on our successful track record of attracting Chinese game developers to our games label and in Tencent Games' NExT, we have another high quality partner.

Our team is very excited to be working on Crown Trick and we look forward to helping to fully leverage our commercial and games developer expertise and continuing to grow the reputation of our games label in Asia."

Enquiries:

About Team17

Team17 is a leading games entertainment label and creative partner for independent ("indie") developers, focused on the premium, rather than free to play market, and creating games for the PC home computer market, the video games console market and the mobile and tablet gaming markets. Alongside developing the Company's own games in house ("first party IP"), Team17 also partners with independent developers across the globe to add value to their games in all areas of development and production alongside bringing them to market across multiple platforms for fixed percentage royalties ("third-party IP"). Since foundation in 1990, we have launched over 100 games, including the iconic Worms franchise, the Overcooked franchise, the Escapists franchise, Yooka-Laylee, Yoku's Island Express, My Time at Portia, Hell Let Loose and Blasphemous, making Team17 one of the most prolific developers and partners of games for the indie market.

 Visit www.team17.com for more info.

Nintendo Switch is a trademark of Nintendo.