-- Update 5 introduces new features and a wealth of more content --
-- Biggest and most influential update for Age of Conan ever launched --

DURHAM, N.C.--(BUSINESS WIRE)--June 24, 2009--
Funcom is proud to announce the launch of Update 5 -- 'Gangs of Tarantia' on the
'Age of Conan: Hyborian Adventures' live servers. Players can now look forward to
exploring a whole new area, the Tarantia Commons district, complete with a spectacular
new storyline, more enemies to defeat, and more rewards to be had. This is the fifth
installment in a series of updates that is delivering new and improved content to the
game's playerbase. 'Age of Conan' has seen a slew of updates since launching last year,
adding countless hours of more content and new features to the game.

"The team has poured a lot of dedication and hard work into making this update a reality,"
says Funcom game director Craig Morrison. "Not only are we adding a massive new area to
the game where level seventy players can find hours of more entertainment, we have also
made significant changes to core systems in the game that will hopefully make the game
experience more fun and a lot more rewarding!"

Besides adding a wealth of new content, the update also introduces fundamental changes
to how the game is played and experienced. Players will now find that items within the game
and their associated statistics has changed radically, making items have a more profound impact
on your character's powers. This will make equipment even more valuable, and the process of
obtaining new weapons and armor through quests and adventure even more rewarding. The
update should make a significant impact on how gamers play 'Age of Conan' and how they now
experience the gameplay with their characters.

The update also introduces a vast number of other changes and additions. For instance, guild
cities will now see an increased activity as guards and merchants now walk the streets, bringing
life to the settlement. Also, players can now gain PvP (player vs. player) experience from doing
PvP mini-games, and even purchase social pets such as snakes, dogs, and cats. For more information
on all the improvements the update has to offer, please visit the 'Age of Conan' community website.

Launching in May last year 'Age of Conan' quickly became a smash hit in retail, shipping over 1.2 million
copies around the world. In North America, the most prominent online gaming market in the west,
'Age of Conan' became the third best-selling PC title of the year only beaten by 'Spore' and 'World of
Warcraft'. In the weeks after launch 'Age of Conan' simultaneously topped the charts in 17 countries,
and the game received critical acclaim from gaming press across the globe. 'Age of Conan' is now available
in English, French, German, Spanish, Russian and Polish, and is being prepared for launch in Korea as well.

For more information and how to buy 'Age of Conan' please visit www.ageofconan.com

ABOUT FUNCOM - Funcom is an independent developer and publisher of online games for PC, consoles
and mobile platforms. Funcom has provided outstanding entertainment since 1993 and continues to expand
its track-record of more than twenty released games. Recent titles include 'The Longest Journey', 'Anarchy
Online' and 'Dreamfall: The Longest Journey'. For corporate information please visit www.funcom.com. For
information about Funcom games visit www.anarchy-online.com www.dreamfall.com,
www.darkdaysarecoming.com or www.ageofconan.com. Funcom is listed on the Oslo Stock Exchange under
the ticker FUNCOM.

ABOUT CONAN PROPERTIES INTERNATIONAL - Conan Properties International LLC, a wholly owned subsidiary
of Paradox Entertainment Inc., controls rights to Conan, many associated characters and the Hyborian world,
as created by Robert E. Howard and various rights expanded upon by many acclaimed authors and artists.
Many consider Conan the world's best-known fantasy character. For more information about Conan Properties
International LLC, visit www.conan.com. For information about Paradox Entertainment Inc., visit
www.paradox-entertainment.com.

The names of actual companies and products mentioned herein may be the trademarks of their respective owners.

Funcom_annual report_2008.pdf 

Funcom N.V. (the "Company") publishes its 2008 annual
report, including complete annual accounts with notes
and relevant other information associated therewith
(the "Annual Report"). The Annual Report is attached
to this announcement and generally available on the
Company´s website: www.funcom.com.

Funcom appoints new CFO 

Funcom announces that Mr. Bjørn Toften will join the  Company as Chief Financial Officer (CFO).

Mr. Toften is a chartered accountant  ("statsautorisert revisor") and has a background as a  
Partner at BDO Noraudit (Chartered Accountants) for  10 years, with extensive experience 
from accounting,  financing, tax related matters, restructuring and M&A.  

Mr. Toften is currently Managing Director of an  accounting and consulting company specializing in  
restructuring and tax. The last year he has been  engaged as an associate judge (Sakkyndig meddommer) 
 in the District Court in cases related to tax and  accounting. Mr. Toften has also been working as an  external 
consultant for Funcom for the last 6 months.  

"We feel very fortunate to welcome Bjørn Toften as  CFO in Funcom. We are confident that he will be of  great 
value for Funcom in further strengthening areas  like cost control, financial reporting, budgeting,  internal 
control and project valuation.", said Mr.  Trond Arne  Aas, CEO of  Funcom.  

"I am excited to be joining Funcom and to be able to  play a role in the Company's future development. 
The  Company is very well equipped both technologically  and financially and has a solid position in the  
marketplace. I am looking forward to working closely  with Trond Arne Aas and the rest of the team at  Funcom. 
I know there are both challenging and  exciting tasks ahead of me at Funcom.", said Mr.  Toften.  

Mr. Toften will start his employment in Funcom May  2nd 2009. IR related enquiries should be directed to  
Mr. Aas, CEO of Funcom until further notice.  Funcom N.V Thalwil, March 19th 2009