Digital Bros S p A : Stock option plan approved

PRESS RELEASE

GENERAL MEETING OF SHAREHOLDERS OF DIGITAL BROS S.P.A. APPROVAL OF "2016-2026 STOCK OPTION PLAN" RESERVED FOR THE DIRECTORS AND MANAGEMENT OF THE COMPANY AND OF DIGITAL BROS GROUP

Milan, 11 January 2017 - The shareholders in general meeting of Digital Bros Group, which is listed on the Star segment of Borsa Italiana and which operates in the digital entertainment sector, today approved the "2016-2026 Stock Option Plan".

The ordinary general meeting approved, pursuant to Art. 114-bis of the Consolidated Finance Act, the adoption of a share incentive plan entitled "2016-2026 Stock Option Plan" (the "Plan"), the features of which are set out in the Board of Directors' report and the information document, prepared pursuant to Art. 84-bis of the Listing Rules, and which are available on the Company's website www.digitalbros.com (Investors section).

The Plan, which is vital to the achievement of the Company's strategic objectives, is considered as an appropriate tool to align management's interests with those of the shareholders and it is aimed to a limited number of directors and managers of the Company and of Digital Bros Group pursuant to Art. 93 of the Consolidated Finance Act, who shall be identified by the Board of Directors, on account of the importance of their roles (the "Beneficiaries").

The duration of the Plan shall be until 30 June 2026 and provides for the assignment to the Beneficiaries of a maximum number of 800,000 options as follows:

• 240,000 options on 1 July 2019;

• 240,000 options on 1 July 2022;

• 320,000 options on 1 July 2025.

The exercise price of the options will be equal to the average reference price of the Digital Bros shares recorded on the STAR segment of the MTA market in the six months prior to the grant date, it being understood that the price shall not be lower than € 6.64, equating to the reference price on 1 July 2016, the date on which the Stock Option Plan became effective.

The shareholders in extraordinary general meeting have granted the mandate to the Board of Directors to increase the capital, in various tranches, with the disapplication of pre-emption rights pursuant to Art. 2441, paragraph 8, of the Italian Civil Code, up to a total maximum nominal amount of Euro 320,000.00, via the issue, which may be in one or more lots, of a maximum number of 800,000 ordinary shares with a par value of Euro 0.40 each, to be reserved for the Beneficiaries of the Plan, the features of which are set out in the Board of Directors' report, pursuant to Art. 125-ter of the Consolidated Finance Act and Art. 72 of the Listing Rules, and which are available on the Company's website www.digitalbros.com (Investors section), as well as to make a consequent amendment to Art. 6 of the Articles of Association. The Company shall promptly inform the market of the exercise of the mandate.

The minutes of the general meeting and a summary of the votes cast shall be made available to the public under the terms and conditions prescribed by law.

This press release is available on the websites www.digitalbros.com and www.1info.it

DIGITAL BROS GROUP

Listed on the Star segment of Borsa Italiana, Digital Bros Group is a global company that has been operating since 1989 as a developer, publisher and distributor of game entertainment content - video games - in a global market through various channels: retail and digital - web, social, mobile. Digital Bros Group is active around the world through its own direct operations in Italy, the United States, the UK, France, Spain, Germany and China, with approximately 240 employees. The Group's head office is located in Milan, from where all activities are coordinated. Digital Bros operates in three markets, namely, development, publishing and distribution, under its own brands 505 Games and Halifax.

For further information:

Digital Bros S.p.A. Stefano Salbe CFO

Tel. + 39 02 413031

[e-mail]