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Distributed: Aug 16, 2008

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Funcom N.V (NO) (OSL:FUNCOM) Arminius AS, has on 15 August sold 400,000 shares in Funcom N.V. at NOK 17.2824 per share. Arminius AS, is wholly owned by Mr. Trond Aas, the CEO and Managing Director of Funcom N.V. Arminius AS sells the shares in Funcom primarily to cover Mr. Aas' acquisition costs of the shares as well as accumulated wealth tax costs of the past six years as a result of the holdings in Funcom. Mr. Aas and Arminius AS have over the course of those 6 years not sold any shares in the Company. The sale represents 18,7% of his outstanding shares and exercisable options.

After the transaction, Arminius AS and Mr. Aas own a total of 1.187.825 shares, corresponding to 2.25% of the outstanding shares in the company and 552.500 options in Funcom. Mr. Aas and Arminius do not plan further share sales over the coming 12 months, except potentially to cover tax costs related to options exercised during that period.

For Further Information, please contact; Olav Sandnes CFO Funcom Telephone: +4792225540 Email:

Funcom N.V (NO)

ISIN: NL 00 00062461

Stock Identifier: OSE.FUNCOM

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