BETMAKERS TECHNOLOGY GROUP LTD — Capital/Financing Update 2019

Jan 1, 2019

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The BetMakers Holdings Limited ABN: 21 164 521 395 Phone: 1300 886 503 Fax: (02) 4962 2553 22 Lambton Road Broadmeadow NSW 2292

2 January 2019

Update on transaction of TopBetta

The BetMakers Holdings Limited (ASX:TBH) (“ Company ” or “ TBH ”) advises today that it has not received the final payment of $2Mil from PlayUp Australia Pty Limted (“ PlayUp ”) in relation to the sale of 100% of the shares in TopBetta Pty Ltd (“ TopBetta ”) and the associated TopBetta and MadBookie retail brands, which was due on 31 December 2018.

TBH has since been in discussions with PlayUp in relation to the final payment and it is expected that the payment, which remains due and payable, will be settled prior to the end of January 2019.

PlayUp has agreed to make a part-payment of $250,000 today.

TBH reserves its rights in relation to the termination of the agreement.

In addition, the expected launch of the Global Tote’s international pools with PlayUp’s United States operations, as indicated to the market on 2 October 2018 as part of the transaction, is now expected to commence in Q2 CY19.

The Company will continue to update the market in accordance with its continuous disclosure obligations.

For further information regarding the Company, please contact:

Charly Duffy Jane Morgan Company Secretary Investor & Media Relations companysecretary@thebetmakers.com investors@thebetmakers.com + 61 (0) 409 083 780 + 61 (0) 405 555 618

investors.thebetmakers.com • investors@thebetmakers.com • Postal Address: PO Box 33 Broadmeadow NSW 2292