X0306 4 2017-06-16 0 0001318482 SHOAL GAMES LTD. SGLDF 0000923416 WILLIAMS GWYNN BALLACARRICK POOILVAAISH ROAD CASTLETOWN Y8 IM9 4PJ ISLE OF MAN 0 0 1 0 Common Stock 2017-06-16 2017-06-16 4 P 0 900000 0.34 A 26987999 I 100% owned company Warrant 0.42 2017-06-16 2017-06-16 4 P 0 900000 0.42 A 2017-06-16 2018-06-15 Common Stock 900000 900000 I 100% owned company Pendinas Limited, which is 100% owned by Mr G. Williams, acquired 900,000 units of Shoal Games Ltd. for CAD$0.45(approximately US$0.34) per unit in a private placement on the 16th of June 2017. Each unit consists of 1 share and 1 warrant. Pendinas Limited, which is 100% owned by Mr. G. Williams, acquired 900,000 units of Shoal Games Ltd. in a private placement. Each unit consist of 1 share and 1 warrant. The exercise price of the warrants is CAD$0.55 (approximately US$0.42) per share for the first six months following closing and $0.65 (approximately US$0.49) per share for the period which is 7-12 months following closing. /s/ G. Williams 2017-06-16