B. Riley to Commence Tender Offer to Acquire Additional Shares of DoubleDown Interactive

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. Riley Financial, Inc. (Nasdaq: RILY) today announced it intends to commence a cash tender offer, through its wholly owned subsidiary (together, B. Riley), to purchase additional shares of DoubleDown Interactive Co., Ltd. (Nasdaq: DDI) (DDI), a leading developer and publisher of digital social casino games.

B. Riley intends to commence a tender offer to purchase up to 2,000,000 American Depositary Shares (ADS), each representing 0.05 of a common share of DDI, at $18.00 per ADS. Terms of the tender offer are expected to be finalized shortly with the tender offer to formally commence by late September.

We have been a significant purchaser of DDI in the open market since its initial public offering. As a well-run, highly profitable company with a predictable business model, DDI is a company in which we have strong conviction, said Bryant Riley, Chairman and Co-Chief Executive Officer of B. Riley Financial. Through this tender offer, we are providing transparency to shareholders of our intent to acquire additional shares at what we believe represents a highly compelling value at the proposed tender price of $18.00. We look forward to commencing the tender offer process and continuing our partnership with DDI and its shareholders.

✔️ B. Riley to Commence Tender Offer to Acquire Additional Shares of DoubleDown Interactive

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