Arminius AS, has on 15 August 2008 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: olav.sandnes@funcom.com