Page 1

SAFE Quarterly Activities Report & Appendix 4C QUARTER ENDING 31ST MARCH 2021 ܀ PlaySide PLAYSIDE ACHIEVES STRONG Q3 & RECORD YTD REVENUES OF $ 7.76M PlaySide Studios Limited ( ASX : PLY ) ( " PLY " or " PlaySide " ) , Australia's largest publicly listed video game developer , is pleased to provide its Q3 FY21 Quarterly Activities Report and Appendix 4C . KEY HIGHLIGHTS • PlaySide reported a 71 % increase in Q3 revenues over pcp to $ 2.73 million ( unaudited ) . • • This brings the Company's YTD FY21 ( unaudited ) revenue to $ 7.76 million , exceeding full year FY20 revenue by $ 749k ( + 10.7 % ) and up 66 % on the pcp YTD FY20 . Game development agreement for a major PC gaming title signed with Click Management and leading influencers LazarBeam and Fresh to launch in FY22 . First ever licensing agreement signed with MGM to develop and publish a Legally Blonde free - to- play mobile puzzle game . In line with PlaySide's growth plans , the Company continues to heavily invest in its games ' development roadmap . There is a record eight titles under concurrent development with the majority planned to be launched in FY22 adding to the eight active titles launched to market thus far . The Company has signed a fixed - price milestone - based agreement with Nitro Games , a company listed on the Nasdaq First North Growth Market ( Nasdaq FNG : " NITRO " ) , for Nitro to develop a new casual free - to - play mobile title set to be released in FY22 . Animal Warfare surpassed 9.3 million downloads , making it the most downloaded Original IP title in the Company's history . Successful launch of World of Pets , a Massive Multiplayer Online ( " MMO " ) title , achieving a peak ranking of # 1 on the Australian & UK Apple App Store games charts . As a result of the highly successful launch , PlaySide entered into an expanded Live Operations agreement for World of Pets with our valued partner Norris Nuts . Two casual titles , Toy Warfare and Idle Area 51 , as well as a Hyper Casual title , Garbage Truck 3D ! launched across more than 170 countries on Apple iOS . Original IP Division PlaySide built on its strong momentum since listing in the Original IP Division with a record number of titles being launched during the quarter along with a record pipeline of new titles in development for release in FY22 . Animal Warfare , launched in August 2020 , has now achieved more than 9.3 million downloads , making it the highest downloaded Original IP game in the Company's history . The title has received an exceptionally positive response from players , scoring an average rating of 4.8 out of 5 on Apple App Store and 4.5 out of 5 from over 77,000 reviews on Google Play Store . A resurgence in the game during the quarter saw Animal Warfare reach # 3 in the US Apple App Store Strategy game charts . The title continues to generate solid daily downloads and is achieving target Daily Active Users ( " DAU " ) and monetisation metrics . In a first for PlaySide , the Company has signed a fixed - price milestone - based agreement with Nitro Games , a company listed on the Nasdaq First North Growth Market ( Nasdaq FNG : " NITRO " ) , to develop a new , unannounced casual game , whereby PlaySide will be the IP owner and publisher of the title . Nitro Games was