ANALYST CONSENSUS

The analyst consensus data below is compiled and updated by Team 17 Group plc on a periodic basis. It represents a summary of the forecasts made investment analysts who provide their own research analyses and earnings estimates in respect of Team 17 Group plc.

Adjusted EBITDA is defined as operating profit adjusted to add back depreciation of property, plant and equipment, amortisation of intangible assets(excluding capitalised development costs), share based compensation and all acquisition related adjustments and fees.

Adjusted profit before tax is defined as profit before tax adjusted to add back share based compensation and all acquisition related adjustments and fees.

Adjusted earnings per share is calculated by dividing the adjusted profit for the year by the weighted average number of ordinary shares.

DISCLAIMER

The consensus has been collated from estimates submitted by analysts to Team17 Group PLC (“Team17”). The information is provided purely for convenience to users of our website, for information purposes only. Team17 neither endorses, nor accepts responsibility for, any material published or relied upon by any analyst from which the figures presented are calculated, nor does it endorse or accept responsibility whatsoever for the views of these or any other analysts reporting on the company. In particular, Team17 makes no warranty or representation as to the accuracy of the research, the reasonableness of any assumptions or projections or the likelihood of achieving the figures set out. Team17 has not commented on or verified any individual estimates, nor does it intend to do so in the future, and Team17 shall not be liable for any errors in the content of the research material, or for any action taken in reliance thereon. Furthermore, Team17 may at any time be in possession of information that may affect the research and has not commented upon, reviewed or updated, and is under no obligation to comment upon, review or update, the research.

Nothing contained herein should be taken as a recommendation to buy or sell shares in Team17 or to take or refrain from taking any other action or to place any reliance on any of the information set out on our website. When making an investment decision you should seek the advice of an independent financial adviser.

The figures are calculated based on a simple average (mean) of the constituents and are not altered or adjusted in any way by Team17 other than as stated. It should be noted that estimates are by definition forward looking and as such are speculative and are therefore subject to risks and uncertainties that may materially affect eventual results. Although Team17 will endeavour to procure that the figures presented are kept updated in accordance with the methodology set out above, Team17 assumes no obligation to update, revise or supplement the figures presented.