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Shanda Games Shareholders Approve Merger Agreement

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Shanda Games Limited (NASDAQ: GAME) announced today that, at an extraordinary general meeting held today, the Company's shareholders voted in favor of the proposal to authorize and approve the previously announced Agreement and Plan of Merger (the "Merger Agreement") dated as of April 3, 2015, as amended and restated on September 23, 2015, among the Company, Capitalhold Limited ("Parent") and Capitalcorp Limited, a wholly owned subsidiary of Parent ("Merger Sub"), pursuant to which Merger Sub will be merged with and into the Company with the Company continuing as the surviving company (the "Merger") and to authorize and approve any and all transactions contemplated by the Merger Agreement, including the Merger.

Approximately 84.5% of the Company's total outstanding ordinary shares, representing 94.1% voting rights of the Company entitled to vote at the extraordinary general meeting voted in person or by proxy at today's extraordinary general meeting. Of those voting rights, approximately 99.3% were voted in favor of the proposal to authorize and approve the Merger Agreement and any and all transactions contemplated by the Merger Agreement, including the Merger.

The

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