Board of Directors

Remco Westermann (1963)

Chief Executive Officer and Chairman of the board since 2018

Education/background: Remco Westermann (Dutch national) has been the chief executive officer of gamigo since November 2012 and the chairman of the Company’s Board of Directors since May 2018. Remco holds a master’s degree in business economics and has over 25 years of professional experience, over 15 years of which he has worked in the mobile and online entertainment industry. In the course of his career, he founded the listed company Bob Mobile AG (later Cliqdigital AG). He also helped build the mobile media company Sonera Zed and managed its German subsidiary for several years as chief executive officer. Previously, Remco was a manager at leading companies such as Balance Point and a consultant at Rost & Co. In the dynamic, highly competitive and fast growing games market, Remco has built up a leading and fast-growing online games company through a successful M&A strategy following the acquisition and repositioning of gamigo. In 2018, Remco acquired a majority stake in the Company and aligned its business model to “buy, integrate, build and improve” in the gaming and media sectors.

Current positions: Managing Director of Jarimovas GmbH, Bodhivas GmbH, Bodhisattva GmbH, Sarasvati GmbH and Garusadana GmbH.

Prior positions (past five years): None.

Holdings in the Company: Remco Westermann holds indirectly 41,872,307 shares in the company via its holding companies Bodhivas GmbH and Sarasvati KG. On May 9, 2018, the Company granted Bodhivas GmbH the option to acquire 20,000,000 shares of the Company for a purchase price of EUR 1.20 per share. The option was extended on April 15, 2020 but waived in its entirety by Bodhivas GmbH on September 28, 2020. On January 11, 2021, a new option for Bodhivas with the sole purpose of serving a Phantom Share ESOP program amounting to 15,000,000 shares with an exercise price of EUR 2.60 till latest 2030, as well as the obligation to transfer any excess profits
back to MGI, was established.

Dependent in relation to the company, company management and major shareholders.

Tobias M. Weitzel (1973)

Non-executive director and deputy chairman of the board (Board member since 2018)

Education/background: Tobias M. Weitzel (German national) has been a member of the Company’s Board of Directors since May 2018. He is an investor (equity and debt), member of the board and founder of CREDION AG, a private debt provider and special alternative investment fund (since 2017); chief executive officer and sole shareholder of BSK Becker+Schreiner Kommunikation GmbH (“BSK“), a communications advisor specialized in investor relations, corporate communications and change communications. Since 2012 he has been a member of the board of Financial Experts Association e.V., one of the leading organizations for corporate governance and independent financial experts in supervisory boards in Germany. He holds a diploma of the Cologne Journalism School for Politics and Economics. In his career as a journalist he has worked for daily newspapers, magazines, radio stations and in media and public relations for various international corporates. He has been active as a specialist for complex transformation situations at BSK since its founding in 1998. As chief executive officer, Tobias M. Weitzel has headed BSK since 1999 and, since 2011, has been the sole partner of BSK, which advises national and international clients on public and investor relations. With CREDION AG he provides private debt solutions for German small and medium-sized enterprises – e.g., to foster growth-programmes, succession, M&A, turnaround and discharging debt since 2017.

Current positions: Member of the executive board of CREDION AG, CREDION Kapitalverwaltungsgesellschaft, CREDION Komplementärgesellschaft and AfricaConnect GmbH. CEO of BSK GmbH.

Prior positions (past five years): None.

Holdings in the Company: Tobias M. Weitzel holds 1,209,228 shares in the company. Furthermore Tobias M. Weitzel holds 500,000 phantom stock in the Company.

Independent in relation to the company, company management and major shareholders.

Elizabeth Para (1972)

Non-executive director and board member since 2020

Education/background: Elizabeth Para (British and Canadian national) joined the Board of Directors of the Company in January 2020. Her career in financial markets began in 1997. She has a strong technical background spanning public and private fixed income and equity markets and has worked on both the investment and client facing sides of the investment management industry. Elizabeth has a master’s degree in economics and holds the title Chartered Financial Analyst (CFA).

Current positions: None.

Prior positions (past five years): None.

Holdings in the Company: Elizabeth Para holds 1,505,716 shares in the company. Furthermore Elizabeth Para holds 500,000 phantom stock in the Company.

Independent in relation to the company, company management and major shareholders.