Nexon Announces Strategic Partnership with U.S. Developer Shiver Entertainment

  Nexon Announces Strategic Partnership with U.S. Developer Shiver
  Entertainment

   Continues Momentum in North America with Equity Investment and Worldwide
                 Multi-Product, Multi-Year Publishing Rights

Business Wire

TOKYO -- September 9, 2013

NEXON Co., Ltd. (“Nexon”) (3659.TO), a worldwide leader in free-to-play online
games, today announced a strategic partnership with Shiver Entertainment,
Inc., a new game development studio led by veteran game developer and former
Zynga Chief Operating Officer (COO) John Schappert. Schappert previously
served as COO of Electronic Arts and as Corporate Vice President of
Microsoft’s Interactive Entertainment Business after founding Tiburon
Entertainment, the studio responsible for the best-selling and highly
successful Madden NFL football franchise.

Under the terms of the agreement, Nexon will make a cash equity investment in
Shiver Entertainment in exchange for a strategic equity stake in the company.
The agreement also provides Nexon with exclusive worldwide multi-product,
multi-year publishing rights to new titles being developed by the company. In
addition, Nexon will nominate Owen Mahoney, Nexon’s Chief Financial Officer
and Chief Administrative Officer, to Shiver Entertainment’s Board of
Directors. Additional terms of the partnership were not disclosed.

“John is one of the world’s most respected developers and has been responsible
for building some of the industry’s most fun and financially successful
franchises,” said Mahoney. “This announcement represents another significant
milestone in our strategy to build our business in key Western markets by
working with world-class developers and bringing our unmatched free-to-play
online expertise to global markets. We look forward to leveraging the
strengths of both companies to develop new, successful franchises loved by
players around the world.”

Shiver Entertainment was founded in December 2012 by John Schappert. With a
career spanning more than 20 years in the games industry – during which he has
served in roles from software engineer, programming Super NES games, to
operating executive – Schappert is widely regarded as an industry superstar.
In his most recent role as COO of Zynga, Schappert was responsible for
overseeing product development and the company’s daily operations, including
Zynga’s game studios, mobile division and administrative functions.
Previously, he served as COO of Electronic Arts, where he was responsible for
the operating plan, global retail and digital distribution, retail marketing,
global technology and EA Interactive (EA’s mobile, social and casual
division). Earlier in his career, Schappert was Corporate Vice President of
Microsoft’s LIVE Software and Services division, managing the Xbox LIVE
business and Microsoft Game Studios. Schappert has overseen the creation of
numerous successful franchises, including FIFA Soccer, Need for Speed and
Madden NFL.

“Nexon has an extraordinary track record of successfully partnering with a
select few of the best game developers in the world, and we are proud to
partner with them,” said John Schappert, Founder and CEO of Shiver
Entertainment. “Shiver Entertainment is focused on creating the world’s best
free-to-play games and by working together, we combine Nexon’s expertise in
online free-to-play games and global publishing capability with our AAA
Western-oriented games. It’s a perfect match and we are very excited about our
bright future together.”

About NEXON Co., Ltd. http://company.nexon.co.jp/

NEXON Co., Ltd. (“Nexon”) (3659.TO) is a worldwide leader in free-to-play
online games. Founded in Korea in 1994, Nexon developed one of the world's
first graphics-based massively multiplayer online games. Nexon also pioneered
the concept of microtransactions and the free-to-play business model, setting
a new standard in which play is free, and users have the option to purchase
in-game items to enhance their experience. Nexon currently services nearly 60
online games in more than 100 countries and since its founding, Nexon has
generated more than 1.4 billion player registrations. The Company is
headquartered in Tokyo, Japan and its shares are listed on the Tokyo Stock
Exchange.

About Shiver Entertainment, Inc. http://joinshiver.com/

Shiver Entertainment, Inc. is a PC and mobile/tablet developer focused on
creating the world’s best free-to-play games. The Company is headquartered in
sunny, shark friendly, Miami, Florida. Go to joinshiver.com for more.

Contact:

For Nexon:
Owen Mahoney, Chief Financial Officer
Tel: +813-3-3523-7910
or
Greg Melchior, Corporate PR
Tel: +813-3-3523-7919
or
John Christiansen/Jenny Gore
Sard Verbinnen & Co
Tel: 415-618-8750
or
For Shiver:
John Schappert, Chief Executive Officer
john@joinshiver.com
 
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