February 13, 2025 – Limassol, Cyprus – GDEV Inc. (NASDAQ: GDEV), an international

gaming and entertainment company (“GDEV” or the “Company”), today announced the

appointment of Andrey Fadeev, GDEV's founder and CEO and a member of the Company’s

Board of Directors (the “Board”), as Chairperson of the Board, effective immediately. This

appointment represents a strategic evolution in the Company's leadership structure,

designed to strengthen the alignment between strategic oversight and operational execution.

As part of this planned transition, Natasha Braginsky Mounier, an independent non-

executive director and chairperson of the Board will step down from her position as

Independent Chairperson and depart from the Board. Ms. Braginsky Mounier will receive a

severance payment from the Company, compensating her for her services as Chairperson

and director of the Board for the term beginning with the last annual general meeting of the

Company’s shareholders.

The Board will maintain its independent majority, with three out of five directors continuing to

serve as independent members, continuing to adhere to best practices for corporate

governance and oversight of the Company's operations. Ms. Braginsky Mounier’s

membership positions on the GDEV Board’s Committees will, by resolution of the Board, be

reassigned among its current independent members: Tal Shoham, who is able to read and

understand fundamental financial statements in accordance with Nasdaq audit committee

requirements, will take her place on the Audit Committee, while Marie Holive will join the

Nomination and Compensation Committee.

"This is an exciting new chapter for GDEV as we continue to execute on our strategic vision

and drive growth across our portfolio of studios," said Andrey Fadeev, CEO, founder and

newly appointed Chairperson of GDEV. "By aligning Board leadership more closely with our

operational expertise, we are well-positioned to accelerate decision-making and capitalize on

market opportunities while maintaining the highest standards of corporate governance."

Mr. Fadeev continued: "On behalf of the Board of Directors and management team of

GDEV, I would like to express our deep appreciation to Ms. Braginsky Mounier for her

exemplary leadership and invaluable contributions during her tenure as Independent

Chairperson. Under her guidance, GDEV has significantly strengthened its corporate

governance framework, enhanced board effectiveness, and established robust oversight

practices that will continue to benefit the Company for years to come. Ms. Braginsky

Mounier's dedication to promoting transparency and accountability has helped create a

strong foundation for GDEV's next phase of growth."

The Company remains committed to maintaining open and transparent communication with

its stakeholders, as the Board continues to prioritize long-term, sustainable growth while

upholding the highest standards of corporate governance and oversight.

About GDEV

GDEV is a gaming and entertainment holding company, focused on development and

growth of its franchise portfolio across various genres and platforms. With a diverse range of

subsidiaries including Nexters and Cubic Games, among others, GDEV strives to create 

games that will inspire and engage millions of players for years to come. Its franchises, such

as Hero Wars, Island Hoppers, Pixel Gun 3D and others have accumulated over 550 million

installs and $2.5 bln of bookings worldwide. For more information, please visit www.gdev.inc

Contacts:

Investor Relations

Roman Safiyulin | Chief Corporate Development Officer

investor@gdev.inc

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

Certain statements in this press release may constitute “forward-looking statements” for

purposes of the federal securities laws. Such statements are based on current expectations

that are subject to risks and uncertainties. In addition, any statements that refer to

projections, forecasts or other characterizations of future events or circumstances, including

any underlying assumptions, are forward-looking statements.

The forward-looking statements contained in this press release are based on the Company’s

current expectations and beliefs concerning future developments and their potential effects

on the Company. There can be no assurance that future developments affecting the

Company will be those that the Company has anticipated. Forward-looking statements

involve a number of risks, uncertainties (some of which are beyond the Company’s control)

or other assumptions. You should carefully consider the risks and uncertainties described in

the “Risk Factors” section of the Company’s 2023 Annual Report on Form 20-F, filed by the

Company on April 29, 2024, and other documents filed by the Company from time to time

with the Securities and Exchange Commission. Should one or more of these risks or

uncertainties materialize, or should any of the Company’s assumptions prove incorrect,

actual results may vary in material respects from those projected in these forward-looking

statements. Forward-looking statements speak only as of the date they are made. Readers

are cautioned not to put undue reliance on forward-looking statements, and the Company

undertakes no obligation to update or revise any forward-looking statements, whether as a

result of new information, future events or otherwise, except as may be required under

applicable securities laws.