Digital Bros S p A : Draft Consolidated Financial Statements as of June 30th, 2022 –

Consolidated financial statements as of June 30th, 2022

Digital Bros S.p.A.

Via Tortona, 37 - 20144 Milan, Italy

VAT number IT095

Share capital: Euro 6,024,334.80 of which Euro 5,706,014.80 subscribed Milan Companies House No. 290680-Vol. 7394 Chamber of Commerce number 1302132

This report is available in the Investor Relations section of the Company's website atwww.digitalbros.com

Please consider that this is an Italian to English translation and that the Italian version shall always

prevail in case of any discrepancy or inconsistency

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Digital Bros Group Consolidated financial statements as of June 30th, 2022

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Index
Board of Directors and Corporate Governance Structure......................................................	5
DIRECTORS' REPORT ............................................................................................................	7
1.	Group organization............................................................................................................	7
2.	The videogames market ..................................................................................................	11
3.	Alternative performance ratios........................................................................................	13
4.	Seasonality effects...........................................................................................................	13
5.	Significant events during the reporting period................................................................	14
6.	Consolidated profit and loss statement for the period ended June 30th, 2022 .................	17
7.	Consolidated balance sheet as of June 30th, 2022 ...........................................................	21
8.	Financial ratios ................................................................................................................	23
9.	Segment reporting ...........................................................................................................	24
10.	Intercompany and related party transaction and atypical/unusual transactions ..............	37
11.	Treasury shares................................................................................................................	39
12.	Research and development..............................................................................................	39
13.	Operational risks, financial risks and financial instruments............................................	39
14.	Contingent assets and liabilities ......................................................................................	44
15.	Subsequent events ...........................................................................................................	44
16.	Business outlook .............................................................................................................	45
17.	Other information............................................................................................................	46
18.	Disclosure of non-financial information .........................................................................	47
19.	Corporate governance and ownership structure report....................................................	47
20.	Remuneration policy and fees paid report.......................................................................	47
Consolidated financial statements as of June 30th, 2022........................................................	48
Consolidated balance sheet as of June 30th, 2022 .......................................................................	50
Consolidated profit and loss statement for the period ended June 30th, 2022 .............................	51
Consolidated comprehensive income statement as of June 30th, 2022........................................	52
Consolidated cash flow statement as of June 30th, 2022 .............................................................	53
Consolidated statement of changes in equity as of June 30th, 2022 ............................................	54
Consolidated profit and loss statement for the period ended June 30th, 2022 prepared in accordance
with CONSOB Resolution no. 15519 of July 27th, 2006 ............................................................	55
Consolidated balance sheet as of June 30th, 2022 prepared in accordance with CONSOB
Resolution no. 15519 of July 27th, 2006......................................................................................	56
Consolidated profit and loss statement for the period ended June 30th, 2022 prepared in accordance
with CONSOB Resolution no. 15519 of July 27th, 2006 ............................................................	57

Digital Bros Group Consolidated financial statements as of June 30th, 2022

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Notes to the consolidated financial statements as of June 30th, 2022....................................	59
1.	Content and other general information............................................................................	60
2.	Accounting policies.........................................................................................................	62
3.	Discretionary items and significant estimates .................................................................	81
4.	Consolidation criteria ......................................................................................................	83
5.	Investments in joint-ventures and associated companies ................................................	85
6.	Business combinations ....................................................................................................	85

7. Reconciliation of consolidated profit for the year and net equity to those of parent

company ......................................................................................................................................	87
8.	Consolidated balance sheet as of June 30th, 2022 ...........................................................	89
9.	Consolidated profit and loss statement for the period ended June 30th, 2022 ...............	107
10.	Financial instruments and financial risk management (IFRS 7) ...................................	114
11.	Non-recurring items ......................................................................................................	123
12.	Information by operating segment ................................................................................	123
13.	Related party transactions .............................................................................................	131
14.	Atypical or unusual transactions ...................................................................................	132
15.	Asset revaluation...........................................................................................................	132
16.	Loans granted to executives and supervisory bodies ....................................................	132
17.	Audit fees ......................................................................................................................	133
Statement pursuant to art. 154- bis (5) of the T.U.F. ................................................................	134

Digital Bros Group Consolidated financial statements as of June 30th, 2022

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Board of Directors and Corporate Governance Structure

Member	Office	Control and Risk	Remuneration	Nomination
Committee	Committee	Committee
Sylvia Anna Bartyan	Independent	M	M	M
director
Lidia Florean	Non-executive
director
Abramo Galante	President and
CEO
Davide Galante	Non-executive
director
Raffaele Galante	CEO
Susanna Pedretti	Independent	M	P	M
director
Stefano Salbe (1)	Executive
director
Laura Soifer (2)	Independent	P	M	M
director
Dario Treves	Executive
director

1. President of the Committee

1. Member of the Committee

1. Financial reporting manager pursuant to Art. 154 bis of Legislative Decree 58/98
2. Lead Independent Director

Board of Statutory Auditors
Gianfranco Corrao	Statutory Auditor
Carlo Hassan	Chairman
Maria Pia Maspes	Statutory Auditor
Daniela Delfrate	Substitute Statutory Auditor
Stefano Spiniello	Substitute Statutory Auditor

The Shareholders' Meeting held on October 28th, 2020 appointed the Board of Directors and Board of

Statutory Auditors. The terms of the Directors and the Statutory Auditors will expire on the Shareholders'

Meeting which will approve the financial statements as of June 30th, 2023.

On October 28th, 2020, the Shareholders' Meeting appointed Abramo Galante as Chairman of the Board of Directors. On the same date, the Board of Directors appointed Abramo Galante and Raffaele Galante as Chief Executive Officers. The Chief Executive Officers received appropriate powers of attorney.

On August 7th, 2007, the Board of Directors appointed the Executive Director Stefano Salbe as Financial Reporting Manager pursuant to Art. 154 bis of Legislative Decree 58/98 with appropriate powers.

Digital Bros Group Consolidated financial statements as of June 30th, 2022

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