25 Aug MOTORSPORT GAMES WELCOMES PETER MOORE TO BOARD OF DIRECTORS

Leading Racing Video Game Company Adds SVP/GM of Sports and Live Entertainment at Unity Technologies, Former President at EA Sports & Liverpool F.C. CEO as Board Member

Miami, FL – August 25, 2021 – Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or the “Company”), a leading racing game developer, publisher and esports ecosystem provider of official motorsport racing series throughout the world, today announces the addition of 30-year gaming, entertainment and consumer industry leader Peter Moore to its Board of Directors. Formerly the Chief Executive Officer of Liverpool Football Club (“LFC”) — where he was named Premier League CEO of the Year — Moore currently serves as the Senior Vice President and General Manager of Sports and Live Entertainment at Unity Technologies. Moore’s director seat with Motorsport Games will give him the opportunity to leverage his career experiences in sports and gaming with his personal passions in motorsports and cars.

Serving in his current role with Unity Technologies, the world’s leading game engine developer, Moore is tasked with growth across its sports and entertainment divisions. Previously with LFC, he was responsible for all of its business, commercial and operational areas – reporting directly to LFC’s ownership, Fenway Sports Group. In his three seasons with Liverpool, the lifetime LFC supporter was not only named Premier League CEO of the Year, but also helped lead his hometown team to its first Premier League Championship in 30 years during LFC’s 2019-20 season. Moore previously led EA’s Competitive Gaming Division — bringing to life new global competitions for EA franchises such as FIFA, Madden NFL and Battlefield — while also holding the titles of President at EA Sports and COO at EA, a position previously held by John Schappert, who is currently part of the Motorsport Games Advisory Board to the Company’s CEO. Additionally, prior to that, he held leadership positions as the Corporate Vice President of the Interactive Entertainment Business of Microsoft, President and COO of SEGA of America and Senior Vice President of Marketing at Reebok International Ltd. Moore also currently serves as a board member at Nifty Games.

“Joining the Motorsport Games’ board of directors during this exciting time in the Company’s trajectory is an extremely thrilling endeavor,” said Peter Moore, SVP/GM of Sports and Live Entertainment at Unity Technologies. “From the outside looking in, I have watched as the Company has expanded its footprint in the esports and racing world. I am looking forward to bringing my experience to the table to help the business in new and innovative ways. Racing fans will want to keep an eye out as Motorsport Games continues to disrupt the industry.”

This news comes during a year of significant footprint growth for Motorsport Games across the racing game industry. Earlier this year, the Company announced the acquisition of Studio 397 and KartKraft to further enhance its graphic capabilities and esports development. The acquisition of Studio 397 and integration of its rFactor 2 technology has generated excitement around this year’s NASCAR 21: Ignition title, which will be available on Oct. 28, 2021 (with pre-orders that started on August 12, 2021, for Sony PlayStation 4, Microsoft Xbox One and PC through the Steam store). Additionally, earlier this year, Motorsport Games announced partnerships with INDYCAR and with the Automobile Club de l’Ouest (“ACO”), the creators and organizers of the 24 Hours of Le Mans and organizer and promoter of the FIA World Endurance Championship (“FIA WEC”), to bring all new game titles to the marketplace in 2023.

“Motorsport Games is thrilled to welcome Peter to our distinguished board of directors. We look forward to taking advantage of his wealth of knowledge and experience as the Company grows within the racing and gaming industry,” said Dmitry Kozko, CEO of Motorsport Games. “This announcement continues to build on the momentum of the major acquisitions we have made this year and including future NASCAR and INDYCAR titles that we can’t wait for our fans to get their hands on.”

Moore will take the seat of Rob Dyrdek, who is stepping down from the Company’s board of directors. Dyrdek will remain involved in the Company as a member of the Advisory Board to the CEO, where he will continue to leverage his expertise on media rights.

The Motorsport Games’ board of directors is made up of leaders in the world of racing, gaming and business. Already full of diverse backgrounds in legal, finance, media, and motorsport experience, the board will now have the decades long esports and gaming experience of Moore to lean on. In addition to Dmitry Kozko, CEO and Executive Chairman of Motorsport Games, the board features Neil Anderson, former attorney at Sullivan & Cromwell LLP, Francesco Piovanetti, CEO and Director of Arco Capital Corporation, Ltd. and Arco Global Management LLC and James William Allen, President of Motorsport Network. Moore will serve as an independent board member, and the board will continue to have a majority of independent directors.

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