13G Filing: L2 Capital, LLC and MGT Capital Investments Inc. (MGTI)

¹ This percentage is calculated based on approximately
41,293,864 shares of common stock outstanding as of September 8, 2017. As of September 8, 2017, L2 Capital, LLC (“L2”)
was deemed to have beneficially owned 9.99% of the common stock of MGT Capital Investments, Inc. (“Company”), as a
result of L2’s ownership of certain convertible promissory notes, which gives L2 the rights to own an aggregate number of
shares of the Company’s common stock in an amount not to exceed 9.99% of shares of common stock then outstanding.