Payment of deferred consideration

23 July 2026

Devolver Digital, Inc.

("Devolver Digital", "Devolver" or the "Company")

Payment of deferred consideration for System Era Softworks, Inc

Devolver Digital, an award-winning digital publisher and developer of independent ("indie") video games, is pleased to announce that it has completed the payment of $7.9m of the $10.0m contractual deferred consideration for System Era Softworks, Inc ("System Era"), which Devolver acquired in 2023. The deferred consideration was contingent upon the release of the game STARSEEKER: Astroneer Expeditions which came out in Early Access form last month.

The deferred consideration consisted of 10,177,811 shares valued at c. $3.0 million (based on a 30-trading day VWAP calculation), and c. $4.9m in cash. A further $2.1 million in cash and shares has been further deferred and split into two equal tranches - to be paid one year and two years from today.   

The 10,177,811 shares were issued from the Company's shares held in treasury, which after the deferred consideration issuance total 7,769,129. Total shares in issue and outstanding increase by 10,177,811 shares to 495,648,938.

About Devolver Digital

Devolver is an award-winning video games publisher in the indie games space with a balanced portfolio of third-party and own-IP. Devolver has an emphasis on premium games and has published more than 150 titles, with more than 30 titles in the pipeline scheduled for release over the next three years. Devolver has in-house studios developing first-party IP titles and a complementary publishing brand. Devolver is registered in Wilmington, Delaware, USA. 

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