NEXON Korea Corporation agreed to acquire an additional 30% stake in Nat Games Co.,Ltd. (KOSDAQ:A225570) from Barunson E&A Corporation (KOSDAQ:A035620), Barunson Co.,Ltd. (KOSDAQ:A018700) and Yang-Kwon Moon for approximately KRW 140 billion on May 25, 2018. NEXON Korea Corporation signed a contract on May 28, 2018. Under the terms, NEXON Korea Corporation will acquire 7.1 million shares at KRW 20,424 per share and NEXON Korea Corporation will pay 10% of total consideration as deposit on May 28, 2018 and remaining balance will be paid on June 27, 2018. NEXON Korea Corporation will increase the shareholding from 4.3 million shares to 11.4 million shares in Nat Games Co.,Ltd. Barunson E&A Corporation will sell 4.7 million shares of Nat Games for KRW 96.2 billion of which KRW 9.6 billion will be received as deposit on May 28, 2018 and the remaining KRW 86.5 billion will be received on June 27, 2018. Post completion, Barunson E&A Corporation will hold 2.6 million shares of Nat Games representing 11.1% stake. The consideration will be financed from own-funds. The transaction has been resolved by the Board of Directors of NEXON Korea Corporation and NEXON Co., Ltd on May 25, 2018 and May 28, 2018 respectively. The transaction is expected to be completed on June 27, 2018. NEXON Korea Corporation will pay advisory expenses of KRW 160 million.

NEXON Korea Corporation completed the acquisition of an additional 30% stake in Nat Games Co.,Ltd. (KOSDAQ:A225570) from Barunson E&A Corporation (KOSDAQ:A035620) on June 27, 2018.