#1nexters Nexters Global Investor presentation February 2021#2nexters This presentation has been prepared for use by Kismet Acquisition Corp ("Kismet") and Nexters Global Ltd. ("Nexters") in connection with their proposed business combination, pursuant to which Kismet will become a wholly owned subsidiary of a newly created BVI company ("Pubco") and Pubco will acquire all of the issued and outstanding shares of Nexters to form the combined business (the "business combination"). This presentation is for information purposes only and is being provided to you solely in your capacity as a Kismet investor in considering the business combination and may not be reproduced or redistributed, in whole or in part, without the prior written consent of Kismet and Nexters. Neither Kismet nor Nexters makes any representation or warranty as to the accuracy or completeness of the information contained in this presentation. This presentation is not intended to be all-inclusive or to contain all the information that a person may desire in considering the business combination and is not intended to form the basis of any investment decision in Kismet. You should consult your own legal, regulatory, tax, business, financial and accounting advisors to the extent you deem necessary, and must make your own investment decision and perform your own independent investigation and analysis of the business combination and the transactions contemplated in this presentation. Disclaimer This presentation shall neither constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. The information contained in this presentation is only addressed to and directed at persons in member states of the European Economic Area (each a "Relevant State") who are "qualified investors" within the meaning of Article 2 of Regulation (EU) 2017/1129 (as amended, the "Prospectus Regulation") or persons in the United Kingdom who are "qualified investors" within the meaning of Article 2 of the Prospectus Regulation as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (together, "Qualified Investors"). In the United Kingdom, the presentation is being distributed only to, and is directed only at, Qualified Investors who are persons (i) having professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the "Order"), (ii) falling within Article 49(2)(a) to (d) ("high net worth companies, unincorporated associations etc.") of the Order, or (iii) to whom it may otherwise lawfully be communicated (all such persons together being referred to as "Relevant Persons"). The information must not acted on or relied on (i) in the United Kingdom, by persons who are not Relevant Persons, and (ii) in any Relevant State, by persons who are not Qualified Investors. Any investment or investment activity to which the information relates is available only to or will be engaged in only with, (i) Relevant Persons in the United Kingdom, and (ii) Qualified Investors in any Relevant State. NEITHER THE SECURITIES AND EXCHANGE COMMISSION ("SEC") NOR ANY STATE OR TERRITORIAL SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED OF THE SECURITIES OR DETERMINED IF THIS PRESENTATION IS TRUTHFUL OR COMPLETE. Industry and Market Data. The data contained herein is derived from various internal and external sources. No representation is made as to the reasonableness of the assumptions made within or the accuracy or completeness of any projections or modeling or any other information contained herein. Any data on past performance or modeling contained herein is not an indication as to future performance. Kismet and Nexters assume no obligation to update the information in this presentation. Use of Projections. The financial projections, estimates and targets in this presentation are forward-looking statements that are based on assumptions that are inherently subject to significant uncertainties and contingencies, many of which are beyond Kismet's and Nexters's control. Although all financial projections, estimates and targets are necessarily speculative, Kismet and Nexters believe that the preparation of prospective financial information involves increasingly higher levels of uncertainty the further out the projection, estimate or target extends from the date of preparation. The assumptions and estimates underlying the projected, expected or target results are inherently uncertain and are subject to a wide variety of significant business, economic and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the financial projections, estimates and targets. The inclusion of financial projections, estimates and targets in this presentation should not be regarded as an indication that Kismet and Nexters, or their representatives, considered or consider the financial projections, estimates and targets to be a reliable prediction of future events. Use of Non-IFRS Financial Measures. This presentation includes certain financial measures that are not prepared in accordance with the International Financial Reporting Standards as promulgated by the International Standards Accounting Board ("IFRS") and that may be different from non-IFRS financial measures used by other companies. These non-IFRS measures, and other measures that are calculated using these non-IFRS measures, are an addition, and not a substitute for or superior to measures of financial performance prepared in accordance with IFRS and should not be considered as an alternative to operating income, net income or any other performance measures derived in accordance with IFRS. Nexters believes that these non-IFRS measures of financial results (including on a forward-looking basis) provide useful supplemental information to investors about Nexters. Nexters's management uses forward looking non-IFRS measures to evaluate Nexters's projected financial and operating performance. However, there are a number limitations related to the use of these non-IFRS measures and their nearest IFRS equivalents. For example other companies may calculate non-IFRS measures differently, or may use other measures to calculate their financial performance, and therefore Nexters's non-IFRS measures may not be directly comparable to similarly titled measures of other companies. Additionally, to the extent that forward-looking non-IFRS financial measures are provided, they are presented on a non-IFRS basis without reconciliations of such forward-looking non-IFRS measures due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliations. Additional Information; Participants in the Solicitation. If the contemplated business combination is pursued, Kismet will be required to file a preliminary and definitive proxy statement, which may include registration statement, and other relevant documents with the SEC. Shareholders and other interested persons are urged to read the proxy statement and any other relevant documents filed with the SEC when they become available because they will contain important information about Kismet, Nexters and the contemplated business combination. Shareholders will be able to obtain a free copy of the proxy statement (when filed), as well as other filings containing information about Kismet, Nexters and the contemplated business combination, without charge, at the SEC's website located at www.sec.gov. Kismet and its directors and executive officers may be deemed to be participants in the solicitation of proxies from Kismet's shareholders in connection with the proposed transaction. A list of the names of such directors and executive officers and information regarding their interests in the business combination will be contained in the proxy statement/prospectus when available. You may obtain free copies of these documents as described in the preceding paragraph. This presentation does not contain all the information that should be considered in the contemplated business combination. It is not intended to form any basis of any investment decision or any decision in respect to the contemplated business combination. The definitive proxy statement will be mailed to shareholders as of a record date to be established for voting on the contemplated business combination when it becomes available. Forward Looking Statements. Certain statements in this presentation may constitute "forward-looking statements" for purposes of the federal securities laws. Forward-looking statements include, but are not limited to, statements with respect to (i) Nexters's revenues, bookings, performance, strategies, prospects and other aspects of the businesses of Nexters or Kismet, or the combined company after completion of the business combination, (ii) trends in the gaming industry, (iii) Nexters's target cohorts and user and the expected arrangement with them, (iv) Nexters's projected growth opportunities, including relative to its competitors and (v) other statements regarding Kismet's or Nexters's expectations, hopes, beliefs, intentions or strategies regarding the future. 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 words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. of The forward-looking statements contained in this presentation are based on Kismet's and Nexters's current expectations and beliefs concerning future developments and their potential effects on Kismet and Nexters. There can be no assurance that future developments affecting Kismet and Nexters will be those that Kismet and Nexters have anticipated. Forward-looking statements involve a number of risks, uncertainties (some of which are beyond Kismet's and Nexters's control) or other assumptions. Many factors could cause actual results or performance to be materially different from those expressed or implied by the forward-looking statements in this presentation, including (i) that the business combination may not be completed in a timely manner or at all, which may adversely affect the price of Kismet's securities, (ii) the risk that the business combination may not be completed by Kismet's business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by Kismet, (iii) the failure to satisfy the conditions to the consummation of the business combination, including the approval of the business combination agreement by the shareholders of Kismet and the satisfaction of the minimum trust account amount following any redemptions by Kismet's public shareholders, (iv) the lack of a third-party valuation in determining whether or not to pursue the business combination, (v) the occurrence of any event, change or other circumstance that could give rise to the termination of the business combination agreement, (vi) the effect of the announcement or pendency of the business combination on Nexters's business relationships, operating results, and business generally, (vii) risks that the business combination disrupts current plans and operations of Nexters, (viii) the outcome of any legal proceedings that may be instituted against Nexters or against Kismet related to the business combination agreement or the business combination, (ix) the ability to maintain the listing of Kismet's securities on a national securities exchange, (x) changes in the competitive and regulated industries in which Nexters operates, variations in operating performance across competitors, changes in laws and regulations affecting Nexters's business and changes in the combined capital structure, (xi) the ability to implement business plans, forecasts, and other expectations after the completion of the business combination, and identify and realize additional opportunities, (xii) the potential inability of Nexters to achieve its projected bookings growth and scale its platform, (xiii) the potential inability of Nexters to maintain its diversified global revenue stream and cohort relationships, (xiv) the potential inability of Nexters to become a consolidator in the gaming industry, (xv) the enforceability of Nexters's intellectual property, (xvi) the risk of downturns and a changing regulatory landscape in the highly competitive industry in which Nexters operates and (xvii) costs related to the business combination and the failure to realize anticipated benefits of the business combination or to realize estimated pro forma results and underlying assumptions, including with respect to estimated shareholder redemptions. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk Factors" section of the registration statement on Form F-4 relating to the business combination, which is expected to be filed by Pubco and other documents filed by Pubco and Kismet from time to time with the SEC. Should one or more of these risks or uncertainties materialize, or should any of Kismet's or Nexters'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 Kismet and Nexters undertake 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. 2#3Key risks relating to Nexters nexters The financial information and data contained in this Presentation is unaudited and does not conform to Regulation S-X. Such information and data may not be included in, may be adjusted in or may be presented differently in the registration statement to be filed with the SEC relating to the Business Combination and the proxy statement/prospectus contained therein. Certain of the historical financial information and data contained in this Presentation is preliminary and is based solely upon information available to the Company as of the date hereof. Such information is subject to change, and those changes may be material. Such information has not been subject to adjustment for normal period-end items as well as for other adjustments that may be required when quarterly or annual financial information is reported. The adjustments could be material and you should not place undue reliance on this information. In addition, the Company's auditors have not completed their audit procedures with respect to such financial information, nor have they expressed any opinion or other form of assurance with respect to financial information presented in this Presentation or its achievability • We are in the process of completing our PCAOB audit and have very limited history of IFRS reporting. Our reporting processes and the control environment may not yet be adequate enough to prevent any material weaknesses • Our core game offering, Hero Wars, generates substantially all of our revenue. There can be no assurance as to the continued success of such offering, and we may be unable to offset any declines in revenues from Hero Wars • If we fail to develop new games that achieve broad popularity, we may be unable to attract new players or retain existing players, which could negatively impact our business The recent COVID-19 pandemic and related restrictions resulted in increased consumer interest and engagement in online gaming and there can be no assurance that such interest will continue • Global epidemics, contagious disease outbreaks and public perception thereof, could significantly disrupt our operations and adversely affect our business, results of operations, cash flows or financial condition • We rely on third-party platforms, such as the iOS App Store, Facebook, and Google Play Store, to distribute our games and collect revenues generated on such platforms and rely on third-party payment service providers to collect revenues generated on our own platforms • A small percentage of total users have generated a majority of our revenues, and we may be unable to attract new paying or retain existing paying users and maintain their spending levels. 3 • We utilize a free-to-play business model, which depends on players making optional in-game purchases, and the value of the virtual items sold in our games is highly dependent on how we manage the game revenues and pricing models We operate in a highly competitive industry with low barriers to entry, and our success depends on our ability to effectively compete • Our ability to successfully attract in-game advertisers depends on our ability to design an attractive advertising model that retains players • If we develop new games that achieve success, it is possible that these games could divert players of our other games without growing the overall size of our network, which could harm our results of operations#4Key risks relating to Nexters (cont'd) nexters Changes to digital platforms' rules, including those relating to "loot boxes," or the potential adoption of regulations or legislation impacting loot boxes, could require us to make changes to some of our games' economies or design, which could negatively impact the monetization of these games reducing our revenues We rely on a limited number of geographies for a significant portion of our revenues • Our systems and operations are vulnerable to damage or interruption from natural disasters, power losses, telecommunications failures, cyber- attacks, terrorist attacks, acts of war, human errors, break-ins and similar events Any failure or significant interruption in our network could impact our operations and harm our business • Our success depends on the security and integrity of the games we offer, and security breaches or other disruptions could compromise our information or the information of our players and expose us to liability, which would cause our business and reputation to suffer • If we sustain cyber-attacks or other privacy or data security incidents that result in security breaches, we could suffer a loss of sales and increased costs, exposure to significant liability, reputational harm and other negative consequences We rely on information technology and other systems, and any failures in our systems or errors, defects or disruptions in our games could diminish our brand and reputation, subject us to liability and disrupt our business and adversely impact our results of operations • Our business depends on the growth and maintenance of wireless communications infrastructure • We are subject to various laws and regulations in the jurisdictions in which we operate, many of which are unsettled or are subject to change. We may be unable to identify or address regulatory changes in timely manner or at all, which could lead to additional compliance costs, customer claims and investigations by regulators, which in turn, can have a material adverse effect on our financial condition and results of operations Data privacy and security laws and regulations in the jurisdictions in which we do business could increase the cost of our operations and subject us to possible sanctions, civil lawsuits (including class action or similar representative lawsuits) and other penalties; such laws and regulations are continually evolving. Our or our platform and service providers' actual or perceived failure to comply with these laws and regulations could harm our business • Our business depends on the protection of our intellectual property rights and proprietary information. If we are unable to obtain, maintain and enforce intellectual property protection for our games, or if the scope of intellectual property protection is not sufficiently broad, others may be able to develop and commercialize games substantially similar to ours, and our ability to successfully commercialize our games may be compromised We use open source software in connection with all of our games, which may pose particular risks to our proprietary software, games and services in a manner that could have a negative impact on our business. • We could be exposed to additional tax liabilities on past sales in certain countries 4 • Changes in tax laws or tax rulings, the examination of our tax positions, or the permanent establishment of risk outside of Cyprus could materially affect our financial condition and results of operations#5Key operating and non-IFRS metrics used in the presentation nexters We are in process of completing our PCAOB audit for 2018-2020 which is expected to be completed in the next 2 months In this presentation, we use a number of non-IFRS financial metrics which we believe accurately, in material aspects, reflect the principal parameters of our historic and projected performance Operating metrics Monthly active users (MAUS) are the number of individuals who played a particular game in the 30-day period ending with the measurement date • Daily active users (DAUS) are the number of individuals who played one of our games during a particular day • Monthly paying users (MPUs) are the number of individuals who made a purchase of a virtual item at least once on a particular platform in the 30- day period ending with the measurement date • Average net bookings per paying user (ANBPPU) is calculated by dividing our net bookings in a given period by the number of months in that period, divided by the average number of MPUS during the period Net bookings • The company views bookings as a fundamental top-line metric used to manage the business and a useful indicator of the activity in any given period • Bookings is a non-IFRS financial measure that is equal to the total revenue we recognize in a given period, plus the net change in deferred revenue during the period. We intend to record the sale of virtual items within our games as deferred revenue and then recognize that revenue over the estimated average playing period of playing users • The company uses net bookings (as opposed to gross bookings) as a primary metric which equals gross bookings net of fees charged by the platforms (iOS, Google, Facebook etc.) • Other companies might potentially use other definitions of bookings Management EBITDA • With respect to forward-looking projections the company uses Management EBITDA defined as net bookings less marketing expenses less cost of sales and G&A, before share-based compensation, D&A, non-operating and one-off expenses, e.g. 2021 listing expense • Management EBITDA principally differs from more commonly used EBITDA/Adjusted EBITDA metrics as it does not account for the change in the deferred revenue, i.e. uses net bookings as the top-line reference point, as opposed to revenue • As our revenue and deferred revenue are growing year on year, the net increase in deferred revenue results in revenue being lower than bookings and therefore Management EBITDA being higher than more commonly used EBITDA / Adjusted EBITDA metrics Free cash flow to equity Company defines free cash flow to equity as net change in the company's cash position adjusted for the paid dividends over the respective period • We believe this is a meaningful metric indicating company's aggregate cash flow generation profile accounting for capex and changes in working capital as well as non-operating and one-off items 5#6Today's presenters KISMET 6 Ivan Tavrin Founder & CEO One of the most prominent and experienced TMT investors in Russia • Former CEO of MegaFon, #2 telco in Russia • Pre-IPO investor in Ozon and HeadHunter MEGAFON MEDIA 1 il VERTICAL Source: Company information. INFRASTRUCTURE INTEGRATOR Andrey Fadeev Co-Founder & CEO • 10+ years in mobile and social games . Founder of multiple Internet & Gaming businesses progrestar nexters Alexander Karavaev Chief Financial Officer • 10+ years as CFO and board member in leading public Internet and Fintech companies QIWI ...camолет @mail.ru девелопмент group nexters Anton Reinhold Chief Business Development Officer • 10+ years in leading Internet & Software companies in sales and marketing Lingualeo Acronis Comindware#7nexters Business overview#8Nexters at a glance Blockbuster mid-core RPG Multiple platforms Global audience Attractive growth Scale $318m Net bookings (2020) Top-5 Independent mobile games developer in Europe(¹) 5.4m MAU (2020) HERO WARS Mobile Monetization 269k Paying users (2020) ~4x Paying users growth (last 2 years) $106 Average net bookings per paying user(2) (Q4'20) Source: Company information, AppMagic Note: Data for Hero Wars only (except for net bookings which refer to Company's aggregate figures including Hero Wars and legacy titles); net bookings refer to cash bookings net of platform fees (1) Based on in-game purchases net of platform fees over January - November 2020 (data provided by AppMagic), excluding developers owned by other companies 8 (2) (3) Social Growth ~10x Net bookings growth (last 2 years) 3 New titles in 2021 pipeline ~8.5x MAU growth (last 2 years) nexters Web Profitability $120m Adj. FCFE (2020) 38% Adj. FCFE Margin(3) (2020) Average monthly net bookings divided by average number of MPUs over the period FCFE Margin defined as FCFE/ net bookings#9Evolution into a global gaming entertainment platform Andrey and Boris met in 2010 S THRONE. EXPERIMENT First game launched in 2012 Nexters founded via combination of two gaming companies Launch of the first two titles 2010-15 HERO WARS Hero Wars launched in March (Social) Hero Wars became game of the year(¹) 2016 Main team relocated to Cyprus (2) 2017 playrix Bukhman brothers acquired a 43% stake in Nexters Bukhman brothers (founders of Playrix) became shareholders • Full focus on scaling in mobile Source: Company information, AppMagic Note: Data for Hero Wars only (unless stated otherwise); net bookings refer to cash bookings net of platform fees (1) In a Russian social network - VK (2) Certain team members are based in Moscow and other cities and countries. (3) According to AppMagic (4) Company's total net bookings over the period (Hero Wars and legacy titles) • Hero Wars Web launched in April 2018 Top-10 mobile game developer in Europe (³) • 2.7x net bookings growth over the year(4) 10m cumulative installs 2019 nexters ~10x Net bookings growth (2018-20) Nexters today US is the largest net bookings contributor (~35%) • Launching 3 new products in '21 2020 250k 50m 85m paying users cumulative installs cumulative installs#10Global business with unique competitive advantages Founder-led gaming company 10 Unique access to gaming talent pool via thriving ecosystem in Russia / CIS Developers, creatives, analysts, etc. 435 Total Headcount Seasoned team 153 Women (~35% total) 230 Developers / Data Scientists FSU Countries (3) Global Revenues Other (2) 7% Asia 14% 19% 65 Marketing Headcount US & $318m 37% Canada Net bookings (¹) (2020) 23% Source: Company information (1) Total net bookings for Hero Wars (99%) and legacy titles (1%); pie chart showing Hero Wars net bookings breakdown only (2) Including net bookings not allocated to any specific geography (3) FSU refers to former Soviet Union countries Europe nexters Cost-advantaged location (HQ in Cyprus + Eastern European Cost Center) European gaming industry hub Strategic relationship with the founders of the leading global mobile games developer playrix Limited churn among the core team members (many have been working together for 10+ years)#11Gaming has become truly global and eclipsed other major forms of entertainment Growth (YoY) 11 2.7bn Gamers globally in 2020 Recorded Music (1) $20bn ~8% $11bn ~23% Music Streaming (¹) Source: Newzoo Global Games Market Report 2020, publicly available sources Note: Market sizes and growth for 2020, unless stated otherwise (1) Market size and growth for 2019 (2) Global traditional TV Asia 48% Gaming $175bn 19.6% Mobile $86bn 25.6% 3.1bn Gamers globally in 2023E EMEA 22% Americas 30% TV(2) $228bn nexters OTT video $58bn (~6%) ~26%#12Hero Wars - blockbuster mid-core RPG IP... A 12 HERO WARS Blockbuster mid-core multi-platform RPG... Top-100 Grossing worldwide mobile app (¹) ...well-received 7m Downloads in 2020 29m #1 Mobile game in Russia in 2020 by consumer spend(2) by gamers globally 4.5/5.0 Ratings (3) 4.5/5.0 Source: Company information, AppMagic, public sources (1) As of December 2020 (2) According to publicly available extracts from App Annie Intelligence (vc.ru article) #13 Top charts - grossing (US)(4) #4 (3) (4) RULE YOUR SQUAD! WIN A GLORY! BECOME ALEGEND! Lvl 1 Lv1 35 ✰✰✰ nexters As of 28 December 2020 Top charts | Grossing rankings as of 28 December 2020 YLVI 723 00OUCH! EPIC!#13...on track to become a "forever franchise" given consistently strong performance since 2018 Nexters offers a suite of games on three separate platforms Expertise to cater to different user tastes Reduces risk of over-dependence on a single platform Social Mobile Web Net bookings split by platform (2020) Net bookings ($m) Social Web Source: Company information Note: Data for Hero Wars only (unless stated otherwise); net bookings refer to cash bookings net of platform fees (1) Total net bookings for Hero Wars (99%) and legacy titles (1%); pie chart showing Hero Wars net bookings breakdown only 13 17% 9% $318m Net bookings (1) (2020) DAU split by platform (2020) DAU (ppl) Web 8% Social 27% 797,000 DAU (2020) 74% 65% Mobile Mobile nexters ~10x Net bookings growth (2018-20) ~5x DAU growth (2018-20) The Hero Wars franchise succeeds across platforms with differentiated gameplay for each platform#14nexters Growth opportunity#15Efficient marketing and user acquisition Visitors High conversion from visitors to installs for both deep link and organic acquisition channels Installs Lower stickiness and retention vs. peers given broad user acquisition strategy Daily active users Those who stay in the game are likely to become paying users Daily buyers Lil nexters Broad user acquisition strategy focused on getting users directly into the game Data-driven decision making supported by predictable and attractive cohorts Live operations, frequent promotions, and active communities with over 6.5M4 views on YouTube Less than 6 months breakeven from install (1) (focus on users with 1st year LTV (2) > CAC (3)) Marketing efficiency driven by scale of operations, constant creative message innovation, and expertise in ad buying Source: Company information (1) Calculated as weighted average payback across all platforms for cohorts, originated in 1H 2020 (2) Defined as cumulative revenue from monthly cohort of players during first 360 days, estimated using internal statistical models, divided by number of installs in a monthly cohort (3) Defined as marketing costs divided by number of installs in a monthly cohort of players (4) Nexters Global and Hero Wars Central combined 15#16Data-driven user acquisition, engagement and monetization 900 600 300 0 100 Player Evolution of DAU DAU ('000) VIP 0 16 Guild 14% Chat 299 H1'19 Outland Merchant COVID Impact 11:59:31 13% 640 H2'19 O Campaign Heroes Inventory 14% 847 H1'20 DAU/MAU 2 020 Airship Source: Company information Note: Data for Hero Wars only (unless stated otherwise) (1) Average of MPUs for each month for the respective year-half ü Arena Quests 16% 748 Newsfeed H2'20 10 000 000 Grand arena 360 240 120 6 days Paying users (1) ('000) 0 60 Tower! Winterfest Season 6 days Special offer! 6 days 4.8% 100 H1'19 4.3% 217 H2'19 Story (2) (3) 4.4% 270 H1'20 Payer conversion % (2) Alvanor Winterfest Tree Level up reward 6.0% 272 O H2'20 160 120 80 40 0 1462 Winterfest Plaza Level: 4 Average net bookings per paying user(³) ($/month) 45 H1'19 nexters 66 400 Dark Star H2'19 400 240 90 H1'20 Calculated by dividing number of MPUS by number of MAUS Calculated by dividing average monthly net bookings by average number of MPUS over the period 104 H2'20#17Platform built to scale... Data management 17 Source: Company information (1) Average MAU over 2020 Fraud detection Trust & safety 5.4m users (¹) Unparalleled scale Repeatability of gaming development process / Cross-platform capabilities Real-time data Live-ops at scale In-game social network Data-driven content Differentiated platform delivering numerous technology Efficient user acquisition nexters 2 Customer feedback loop Proprietary user acquisition tech innovations Innovative features Superior monetization#18...and fuel Nexters' content development strategy 4 18 3 2 1 Source: Company Information. Core game release Soft launch Playtest / tech launch Prototyping / ideating ~5% nexters 70% Nexters' scale will enable it to release 1-2 titles per year via parallel-track prototyping & development 35%#19Multiple organic growth opportunities... Expand TAM $12bn Mobile RPGS TAM (1) 19 1 $86bn Mobile gaming TAM (1) Source: NewZoo, Company information Note: Company-specific information for Hero Wars only Expand user base 5.4m MAUS today (1) NewZoo, as of the 2020 year-end (2) Average monthly net bookings divided by average number of MPUS over the period (3) Company's total net bookings in 2020 (4) NewZoo, for 2020 year 2 10m MAUS for Hero Wars Improve monetization $106 Average net bookings per paying user(2) (Q4'20) $ 3 $150+ ANBPPU as in the Web segment of the business nexters Expand geography 19% Net booking from Asia (3) 4 ~50% Net bookings from Asia as overall in gaming industry (4)#20...with 3 new titles in 2021 pipeline and beginning of work on Hero Wars 2 Genre Core loop mechanics Current status Expected timeline Similarities of new titles with Hero Wars Source: Company Information 20 1718/4500 Chibi Island Has the sacred totem spoken to you? That's unbelievable... Farming game with expeditions (adventures) Classic farming cycle Energy-based expeditions Building cycle Live on Android 10'21: receiving data to project ROI window, adding content Strong focus on social mechanics in the game (co-op, PvP) Live ops & diverse in-game event system ● Puzzle Island ● Farming game with expeditions (adventures) Fine-tuning various aspects, content production before soft launch Classic farming cycle Energy-based expeditions Building cycle 1Q-2Q'21: soft launch, polishing intro and farming mechanics Focus on payment offers, bundles and an adaptive offer recommendation system Focus on community ● ● nexters Riddle Island 845+ Expeditions with match3 11 All 2/17) Earn stars in match3 and use those stars as energy in expeditions Creating content before soft launch 2Q'21: soft launch 4Q'21: launch Adoption of new types of gameplay (minigames) and connect them with core mechanics Creating a platform rather than a game Charismatic and complex characters#21Well-positioned to become a consolidator in the gaming space in the CIS and beyond Track record of Kismet sponsor - great M&A playbo Our unique attributes Industry network connections and expertise in M&A Source: Company information (1) FSU refers to former Soviet Union countries 21 Common culture and language with Russian / CIS studios nnectivity within the Russian / CIS gaming community Value creation playbook Partnership with Playrix shareholders Our approach to M&A nexters Wide playing field: we estimate there are 1,000+ independent studios in Russia/FSU(¹) Segments/genres in focus: casual and mid-core mobile gaming (our core area of expertise) to diversify current portfolio Our value creation playbook: marketing/user acquisition, data-driven approach to title selection and monetization Consideration / price paid: value-accretive and disciplined approach Financing: combination of own cash flow, issuance of debt and equity Integration of targets: autonomy in content development; guidance in data-driven approach to selection of content for development to maximize ROI Transformational opportunities: opportunistic approach, leveraging network connections with game developers in Russia / CIS#22nexters Financial highlights#23Key financial highlights Solid growth in 2019-2020 bookings following adoption of the new marketing and user acquisition strategy 23 Efficient monetization of the payers base and consistently improving ANBPPU Limited capex underpinning robust free cash flow generation Source: Company information (1) Average monthly net bookings divided by average number of MPUS over the period (2) Hero Wars metrics (3) Adjusted FCFE defined as change in cash position plus dividends paid over the respective period $318m Net bookings (2020) $106 Average net bookings per paying user(1)(2) (Q4'20) $120m Adj. FCFE (3) (2020) nexters ~10x Net bookings growth (last 2 years) ~4x Average net bookings per paying user growth (2) (last 2 years) 38% Adj. FCFE margin (2020)#24Attractive financial profile... Proven growth trajectory Net bookings ($m) (1) 350 300 250 200 150 100 50 0 31 2018 ~10x 117 2019 318 2020 ...with strong FCFE generation Adjusted FCFE ($m) (2) 140 120 100 80 60 40 20 0 33% 10 2018 16% 19 2019 O nexters 38% 120 2020 Adj. FCFE Margin (3) Source: Company information Note: The financial information and data contained in this Presentation is unaudited and does not conform to Regulation S-X. Such information and data may not be included in, may be adjusted in or may be presented differently in the registration statement to be filed with the SEC relating to the Business Combination and the proxy statement/prospectus contained therein. Certain of the historical financial information and data contained in this Presentation is preliminary and is based solely upon information available to the Company as of the date hereof. Such information is subject to change, and those changes may be material. Such information has not been subject to adjustment for normal period-end items as well as for other adjustments that may be required when quarterly or annual financial information is reported. The adjustments could be material and you should not place undue reliance on this information. In addition, the Company's auditors have not completed their audit procedures with respect to such financial information, nor have they expressed any opinion or other form of assurance with respect to financial information presented in this Presentation or its achievability (1) Bookings net of platform fees (2) Adjusted FCFE defined as change in cash position plus dividends paid over the respective period (3) Adjusted FCFE/ net bookings 24#25...backed by diversified global revenue with repeatable cohorts Net bookings by user cohorts Quarterly cohorts ($m) (¹) 100% 80% 25 60% 40% 20% 0% 45% 55% 51% 49% 45% 55% 36% 64% 30% 70% 18% 82% 18% Source: Company Information Note: Data for Hero Wars only (unless stated otherwise); bookings refer to cash bookings net of platform fees (1) In-game purchases only (2) 82% Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Previous cohorts (cumulative) Current cohort 13% Total net bookings for Hero Wars (99%) and legacy titles (1%); pie chart showing Hero Wars net bookings breakdown only 87% (3) (4) Revenue by geography FSU Countries (4) Asia ~95% of revenue generated by in-game purchases 14% 19% Other (3) 7% nexters $318m Net bookings (2) (2020) Including net bookings not allocated to any specific geography FSU refers to former Soviet Union countries 23% Europe 37% US & Canada#26Nexters built and grew the loyal payers base with superior ANBPPUs... Robust user base with increasing share of high-payers... Monthly paying users ('000 users) (1) 300 200 100 0 5.9% 76 Q1 2019 4.3% 124 Q2 2019 4.6% 183 Q3 2019 4.1% 250 3.8% 277 5.3% 264 Q4 Q1 Q2 2019 2020 2020 O Payer Conversion (2), % Source: Company information Note: Hero Wars metrics (1) Quarterly MPU is the average of MPUS for each month for the respective quarter 26 5.1% 7.1% 273 271 Q3 2020 Q4 2020 (2) (3) ...underpinning growth in ANBPPU Average net bookings per paying user ($/month)(3) 150 100 50 0 38 Q1 2019 49 53 74 nexters 83 98 101 Calculated by dividing number of MPUs by number of MAUS Calculated by dividing average monthly net bookings by average number of MPUs over the period 106 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2019 2019 2019 2020 2020 2020 2020#27...resulting in rapid bookings growth continuing beyond the peak Q2 Net bookings by platform ($m) 100 80 60 40 20 0 27 4 Source: Company information Note: Hero Wars metrics LO 5 4 5 9 4 5 31% Q1 '18 Q4 ¹20 CAGR 18 5 13 29 7 23 56 Mobile Social Web 10 45 69 12 56 78 4 14 60 83 8 13 62 87 16 14 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 57 nexters Q4'20 YOY Growth 32.3x 1.4x 1.3x Mobile bookings dynamics in Q4'20 Tactical redirection of marketing budget from mobile to web due to elevated CPI driven by Q4 seasonality and anticipation of IDFA changes by market participants#28Summary financial projections Net bookings ($m) 600 500 400 300 200 100 0 · 315 2020A 358 9 348 2021E Hero Wars 25% CAGR 25% Net bookings CAGR in 2021-2023E 461 84 377 2022E New titles Including 6% growth from Hero Wars with the remainder coming from the new titles M&A as core strategy and additional contributor 562 169 394 2023E Management EBITDA (¹) ($m) 250 200 150 100 50 ● ● 39% 138 2021E 35% 163 2022E nexters 36% 201 2023E O 21% Management EBITDA CAGR in 2021-2023E Investments in new titles marketing and aggressive LiveOps / development team hires leading to modest margin contraction in 2022-2023 Source: Company information Note: Projections for Hero Wars and new titles (1) Management EBITDA is a non-IFRS measure defined as net bookings less marketing expenses less cost of sales and G&A, before share-based compensation, D&A, non-operating and one-off expenses, e.g. 2021 listing expense (2) As % of net bookings 28 Management EBITDA margin (2)#29Reiterating Nexters investment thesis 1 29 2 3 4 Source: Company information Experienced team We have assembled a seasoned team with a successful track-record of making profitable games Effective marketing We are experts in attracting high LTV users to our games nexters Robust monetization We know how to develop premium content that engages users for years Growth opportunities We have multiple organic and inorganic growth opportunities leveraging our scaled platform#30nexters Transaction overview#31Transaction overview Summary overview • Nexters to merge with Kismet Acquisition One ("Kismet") at a pro forma enterprise value of $1.9 billion (11.6x '22E Management EBITDA(¹)) • Sponsor of Kismet has committed to invest $50 million in the transaction ($20 million pursuant to a forward purchase agreement and $30 million in incremental investment) • Minimum cash condition for deal closing is $100 million, out of which $50 million is provided by the Sponsor ~$135 million of primary capital delivered • 20.0 million founders and management earnout shares (with 50% vested at $13.50 and 50% vested at $17.00) Cash sources and uses ($m) Sources Cash from trust Sponsor investment (FPA / PIPE) $250 Total sources $50 Uses $300 Cash to sellers Cash to balance sheet Illustrative transaction fees $150 Total uses $135 $15 Pro forma ownership SPAC sponsor $300 SPAC shareholders Everix 12% 40% 6% 205m Shares 42% Pro forma capitalization and valuation Transaction share price Pro forma equity value, $m Founders & Management Pro forma shares outstanding, m Less: pro forma net cash, $m nexters Shares outstanding, #m Founders and Management 87.1 Everix SPAC shareholders Sponsor (incl. FPA and co-investment) Total 81.1 $138 25.0 Pro forma enterprise value, $m EV /'21E Management EBITDA (¹) EV /'22E Management EBITDA (¹) $163 Note: Assumes no redemptions. Excludes any dilution from 20.3 million public, FPA and sponsor warrants struck at $11.50. Excludes impact of 20.0 million founders and management earnout shares (with 50% vested at $13.50 and 50% vested at $17.00) (1) Management EBITDA is a non-IFRS measure defined as net bookings less marketing expenses less cost of sales and G&A, before share-based compensation, D&A, non-operating and one-off expenses, e.g. 2021 listing expense (2) Assuming net cash position of $15m at closing 31 11.8 205.0 $10.00 205.0 $2,050 $(150) (²) $1,900 13.8x 11.6x#32nexters Appendix#33Operational and valuation benchmarking Nexters' multiples assume a $1.9bn Enterprise Value nexters '21E-'23E Gross Bookings CAGR '21E & '22E Adj. EBITDA Margins (on Gross Bookings) '21E & '22E V/Adj. EBITDA Multiples '21E & '22E Growth Adj. EV/Adj. EBITDA Multiples (4) 25% 33 (1) 26% 24% 13.8x 11.6x 0.7x 0.6x (2) Playtika 8% 34% 34% 17.3x 15.7x 2.3x 2.1x zynga STILLFRONT SciPlay. glu GROUP 13% 24% 25% 19.4x 2.9x Source: Company information, FactSet as of 1/25/2021. Playtika estimates sourced from Renaissance Capital Initiating Coverage Report from January 2021. 17.1x 2.6x Note: Gaming Peers Average includes Tencent, NetEase, Activision Blizzard, Electronic Arts, NEXON, Take-Two Interactive, Ubisoft Entertainment, Embracer Group, Netmarble, and Stillfront. Playtika, Zynga, Stillfront, SciPlay, and Glu sorted by descending market cap. 40% 41% 19% 14.7x (1) (2) 0.9x 0.8x (3) (4) 12.9x 10% 32% 34% 11.0x 10.0x 0.7x 0.7x 17% 13.8x 20% 10.6x nexters Gaming Peers Average (3) 13% 33% 34% 19.0x 16.6x (3) 2.3x 2.0x (3) Based on gross bookings estimated as net bookings / 0.68, assuming weighted average platform fee of 32% Playtika Adj. EBITDA, as shown above, is burdened by estimated cash awards pursuant to certain retention plans. AEBITDA calculated as 1) Renaissance's forecast of AEBITDA, less 2) Estimated cash awards calculated as 2019 cash awards as a percentage of 2019 revenue, multiplied by 2021E, 2022E, and 2023E revenue respectively. Gaming peers average does not include Glu, NEXON, Ubisoft, or Netmarble due to lack of broker estimates. Growth adjusted multiples calculated as (EV / Adj. EBITDA/ '21E-'23E EBITDA CAGR / 100) for 2021E and 2022E multiples.#34Forecast financial performance ($m) Net bookings Hero Wars New titles Marketing expenses Management EBITDA (¹) Management EBITDA margin (2), (%) FY 2021 358 348 9 (189) 138 39% FY 2022 461 377 84 (257) 163 35% FY 2023 562 394 169 (314) 201 36% nexters CAGR's 21-23 25% 6% 324% 29% 21% Source: Company information Note: Projections for Hero Wars and new titles (1) Management EBITDA is a non-IFRS measure defined as net bookings less marketing expenses less cost of sales and G&A, before share-based compensation, D&A, non-operating and one-off expenses, e.g. 2021 listing expense As % of net bookings (2) 34