UBII ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 TAT UB11

tinyBuild Annual Report 2021 CONTENTS Strategic Report 3 Highlights of the year 5 Chairman’s statement 6 History and background 7 Strategy 9 Business model 11 Chief Executive’s review 16 Chief Financial Officer’s review 18 Environmental, Social & Governance 19 Principal risks and uncertainties 20 Corporate Governance 23 Board of Directors 24 Corporate governance report 25 Audit committee report 29 Remuneration committee report 30 Directors’ report 32 Directors’ responsibilities statement 34 Financial Statements 35 Report of Independent Certified Public Accountants 36 Consolidated statement of comprehensive income 38 Consolidated statement of financial position 39 Consolidated statement of changes in equity 40 Consolidated statement of cash flows 41 Notes to the consolidated financial statements 42

4 tinyBuild Annual Report 2021 NEXT-GEN ENTERTAINMENT TINYBUILD IS A GLOBAL VIDEO GAMES PUBLISHER AND DEVELOPER OF WITH A CATALOGUE OF MORE THAN 70 PREMIUM TITLES ACROSS DIFFERENT GENRES, CHIA PRIMARILY FOR PC AND CONSOLES. Headquartered in Seattle, tinyBuild’s operations stretch across the Americas and Europe using a flexible, decentralised model. The Company’s innovative grassroots approach to marketing, which involves stakeholders, such as influencers and players, in the development of franchises and the wider brand, has enabled tinyBuild to build a loyal customer base across different demographics.

HIGHLIGHTS OF THE YEAR $52m 46% consolidated revenues Adj. EBITDA growth >30 81% games currently of sales from in the pipeline Own-IP 07 $49m Acquisitions closed net cash positive (ye) in 2021 net cash positive (ye) “WE PARTNER WITH DEVELOPERS TO CREATE ORIGINAL FRANCHISES THAT WILL LIVE FOR GENERATIONS, REGARDLESS OF NERATIONS, MEDIUM.” M.ᴶ NOTES RIP Adjusted EBITDA:excludes share based compensation expenses, includes amortisation of Development costs REPORT STRATEGIC

6 tinyBuild Annual Report 2021 CHAIRMAN’S STATEMENT LEVEL ONE COMPLETE, HERE COMES THE BOSS CHALLENGE As tinyBuild (AIM:TBLD) enters its second year as a publicly traded company, I’m honoured to update shareholders on the success of our strategy, games and teams during a period marked by very difficult events. Looking back to tinyBuild’s listing in March 2021, the macro question lurking on the horizon was how much of the pandemic’s tailwinds we would shed in the course of the year, given the significant bump the games industry sales experienced during the lockdowns prior. Despite the logical rationale that such exceptional growth couldn’t prove permanent, it was a longstanding belief held by game developers and publishers alike that, once a gamer, always a gamer – thus privately most of us expected to retain the attention of these newfound audiences. And with DogHelm, we bring into the Group a critically acclaimed IP – Streets of Rogue – and a development partner whose historic relationship with tinyBuild made the acquisition an obvious move. Added to the studios acquired¹ pre-IPO (We’re Five Games and Hungry Couch), tinyBuild can execute its strategy for the foreseeable future. Now we aim to improve our internal management processes to ensure the seamless integration of the new studios, team members and operational units. We are aware that scaling up creative and technical teams is a big undertaking in its own right.

d can execute its strategy for the foreseeable future. Now we aim to improve our internal management processes to ensure the seamless integration of the new studios, team members and operational units. We are aware that scaling up creative and technical teams is a big undertaking in its own right. Furthermore, new monetisation models are being considered to adapt in light of increasing inflation and its effect on our players around the world. We continue to pursue opportunities for IP expansion in order to maximise our engagement with our growing audiences. The games industry, much like every other sector, has had to contend 2022 is going to be yet another exciting year for our teams. The with many recent setbacks, particularly the global chip shortage. This mindset of thriving in change is a defining aspect of tinyBuild’s culture, affected the manufacturing of consoles, mobiles and PC gaming GPUs, a key element that should prove particularly useful in the short to limiting the games industry’s full potential. Despite this challenge, last medium term global entertainment landscape. year saw 1.4% sales growth for the whole industry and 5.3% growth in the number of players, corroborating our expectations: not only did Finally, the appalling situation in Ukraine which directly impacts many we retain the lockdown audience we gained, we expanded our reach colleagues. Management’s unique understanding of the region means through the excellence of our content. contingency plans had already been prepared and could be executed promptly to relocate teams to safer locations, from both Ukraine At tinyBuild, we executed our M&A strategy aimed at expanding our and Russia.