Futureverse and Animoca Brands

Proposed transaction details Futureverse and Animoca Brands intend to undertake an equity swap valued at US$5 million, on the following terms. Animoca Brands shall subscribe for Futureverse shares based on a valuation of US$754 million for the entire issued share capital of Futureverse, and Futureverse shall subscribe for shares in Animoca Brands Corporation Limited at A$4.5 per share (indicatively resulting in the issue of 1,658,375 Animoca Brands shares assuming a A$:US$ exchange rate of $0.67).