Funcom N.V (NO) Funcom would like to provide a short update of the status of the launch of the Age of Conan game.

Status of the launch The Age of Conan game now has over 400.000 active players (players who have registered their purchased game key in the Company's registration and billing system). The Company underlines that there is uncertainty regarding the future development of this number. Amongst many factors, it will depend on the continued early sales success, on reviews from major gaming press in the most important markets as well as the long term appeal of the game play that determines the longevity of the average subscription.

Funcom will not report subscriber numbers on a regular basis, for marketing reasons, but will provide additional financial guidance before the Second Quarter 2008 reporting.

For further risk evaluation, see 'Funcom Risk Overview' at www.funcom.com under Investor Relations and previous communication from the Company.

The Management Board of Funcom N.V. Dübendorf, May 26, 2008

For more information, please contact: Company CFO Olav Sandnes on e-mail: olav.sandnes@funcom.com telephone +47 92 22 55 40.

This report is also available at http://www.newsweb.no

Investors are encouraged to actively seek information regarding the company and the industry.

* For more information about Funcom, its games, its organization, please see www.funcom.com * For more information about the Age of Conan game, please see www.ageofconan.com

For more information regarding the risk profile of the Company and its game(s), see document called 'Funcom Risk Overview' at www.funcom.com under Investor Relations

Funcom N.V (NO)

http://www.funcom.com

ISIN: NL 00 00062461

Stock Identifier: OSE.FUNCOM

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