Business Summary

Gravity is engaged in the development and distribution of online games in Japan, Brazil, the Philippines, Indonesia, Singapore, Malaysia, Thailand, Russia and Taiwan. The Company offers four online games worldwide and has two online games in development. The Company's principal product, Ragnarok Online, is offered in the Republic of Korea (the 'ROK') and 60 other countries. Requiem is offered in the ROK, the United States, Canada and other countries. Emil Chronicle Online is commercially offered in Thailand, Hong Kong, Taiwan, and Indonesia. R.O.S.E. Online is offered in the United States, Canada and Mexico, and 40 other countries.

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Capital Raising Events

DR Price Date DR Price USD US / Non-US / Total DRs US / Non-US / Total DR Capital Raised USD
Feb 11, 2005 13.50 8,000,000
0
8,000,000
108,000,000
0
108,000,000
DR Symbol GRVY
CUSIP 38911N107
DR Exchange NASDAQ Stock Market
DR ISIN US38911N1072
Ratio 4:1
Depositary BK (Sponsored)
Effective Date Feb 11, 2005
Local Exchange Not Traded
Underlying ISIN KR7077380004
Country Korea
Industry Leisure Goods

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Monthly DR Trading Summary

Month Month End
DR Close
Price
DR Trading Volume Avg Day DR
Trading
Volume
Apr. 13 1.28 388,350 17,652
Mar. 13 1.30 612,366 30,618
Feb. 13 1.40 1,177,230 61,959
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