The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014, as retained as part of the law of England and Wales. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

Press Release

9 November 2023

Guild Esports PLC

("Guild Esports", "Guild", or "the Company")

Completion of Follow-on Management & Advisor Fundraise

Grant of Warrants

Guild Esports PLC (LSE: GILD; OTCQB: GULDF), a global teams organisation and lifestyle brand, is pleased to announce that it has completed a follow-on fundraising (the "Fundraise"), by way of a share placing and subscription of up to 26,000,000 new ordinary shares at a price of £0.005 per share. The placement follows and was at the same price as the Company's recently announced subscription.

The Company's executive management have subscribed for an aggregate total of 6,000,000 new ordinary shares at the placing price of £0.005 per share representing a total contribution of £30,000, with subscriptions made by Jasmine Skee, CEO; Nick Westwood, SVP of Creative and Strategy; Luke Jones, VP of Commercial, Esports and Gaming; Matthew Charles, Director of Operations; and Kristina Frost, Director of Client Services.

Arkios Limited ("Arkios") acted as bookrunner to the placement. John Lanyon, CEO of Arkios and an experienced investor and active board member of multiple technology companies, subscribed for up to 20,000,000 new ordinary shares. The first tranche is for 10,000,000 new ordinary shares for a total contribution of £50,000, and John Lanyon has conditionally subscribed for an additional 10,000,000 shares for a further contribution of £50,000. The second tranche is subject to mutual agreement between the Company and John Lanyon, and the Company expects the second tranche to complete by 31 December 2023. The ordinary shares held by John Lanyon will be subject to a six-month lock-in period from the date of issuance of the Tranche Two Subscription Shares.

Grant of Warrants

In consideration of their efforts in connection with the previously announced subscription, the Company ​has granted to each of Stephen Duval and John Lanyon warrants to subscribe for 15,000,000 and 5,000,000 ordinary shares respectively. The warrants are exercisable at £0.005 per share (being the price at which the subscription and Fundraise were completed) and are exercisable for a period of three years from the date of grant.

Jasmine Skee, CEO of Guild Esports, commented: "We are pleased that management and advisors have supported the Company, which stands as a vote of confidence in Guild's strategy and solidifies the commitment of our leadership team and advisors. This additional funding will be used together with the injection of capital announced last month opens exciting avenues for Guild and provides us with the means to accelerate our strategic initiatives as we look to build the world's leading gaming-focused media brand."

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

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About Guild Esports:

Guild Esports PLC is a global gaming-focused media business that fields professional players in gaming competitions under the Guild banner. Our in-house training academy aims to attract and nurture the best esports talent, and our goal is to provide the ultimate entertainment experience alongside a distinctive lifestyle brand authentic to the esports community worldwide. Guild is led by an experienced management team of entertainment sector and esports veterans and co-owned by David Beckham. The Company is headquartered in the UK and its shares are listed on the Main Market of the London Stock Exchange (ticker: GILD) and on the OTCQB Venture Market in the United States (ticker: GULDF). Please visit www.guildesports.com for more information.

Forward-looking statements

This Announcement includes forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties, many of which are beyond the Company's control and all of which are based on management's current beliefs and expectations about future events. Forward-looking statements are sometimes identified by the use of forward-looking terminology such as "believe", "expects", "targets", "may", "will", "could", "should", "shall", "risk", "intends", "estimates", "aims", "plans", "predicts", "continues", "assumes", "positioned" or "anticipates" or the negative thereof, other variations thereon or comparable terminology. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this Announcement and include statements regarding the intentions, beliefs or current expectations of management or the Company concerning, among other things, the results of operations, financial condition, prospects, growth, strategies and dividend policy of the Company and the industry in which it operates. In particular, the statements included in the sections entitled "Risk Factors" and "Business" of this Announcement regarding the Company's strategy, targets and expectations in respect of the Company's expected revenue, profit, growth, accounting tax rates, and capital expenditure upon the operating results of the Company as well as other expressions of the Company's targets and expectations and other future events or prospects are forward-looking statements.