BETMAKERS TECHNOLOGY GROUP LTD — Capital/Financing Update 2021

Jul 4, 2021

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5 July, 2021

UPDATE ON TAPCORP AND BETMAKERS’ INTERNATIONAL GROWTH STRATEGY

Highlights

• BetMakers in discussions with Tabcorp in relation to commercial opportunities in international markets, instead of progressing bid for Tabcorp Wagering and Media

• BetMakers continues its focus on B2B operations through Managed Trading Services, Global Tote and Fixed Odds betting on horse racing in the U.S.

BetMakers Technology Group Limited (ASX:BET) (“ BetMakers ” or the “ Company ”) has today received notification that Tabcorp Holdings Limited (“ Tabcorp ”) has decided it will pursue a demerger strategy for its business. As a result of the engagement with Tabcorp to date, and instead of the Company progressing its previously announced (May 28, 2021) Indicative Proposal, BetMakers and Tabcorp will continue discussions in relation to commercial opportunities in international markets.

These discussions are consistent with BetMakers’ plans to be the leading provider of B2B services to wagering operators around the world. The Company’s international growth plans have accelerated in recent weeks following the respective announcements of Fixed Odds progress through the New Jersey legislature and completion of the acquisition of Sportech’s international tote and digital racing assets.

BetMakers Chief Executive Officer Todd Buckingham said:

“Having received clarity from Tabcorp regarding the planned direction for its Wagering and Media business, BetMakers will continue discussions with Tabcorp regarding international opportunities, and we believe these opportunities have the potential to be significant.

“BetMakers remains firmly of the view that the Company’s opportunities in regulated wagering jurisdictions, and in particular Australia and the United States, are a clear priority and we will continue to explore all opportunities that can accelerate or capitalise on this foundation.”

In relation to recent developments in the United States and the Company’s international opportunities, the Company would like to reaffirm its recent announcements:

Fixed Odds betting on Horse Racing in United States

Fixed Odds Bill has now progressed through both the New Jersey Senate and General Assembly and has be sent to NJ Governor for approval.

BetMakers has an exclusive 10-year Fixed Odds agreement on thoroughbred horse racing in New Jersey.

BetMakers’ Managed Trading Services division will manage Fixed Odds betting at Monmouth Park racecourse, at Off Track Betting shops and on digital platforms within New Jersey for Monmouth Park.

PointsBet New Jersey Inc., a subsidiary of PointsBet Holdings Ltd (ASX:PBH), has appointed BetMakers as its exclusive supplier of Fixed Odds betting on Horse Racing within New Jersey.

Completion of Acquisition of Sportech racing and digital assets

As previously announced to the ASX on 1 December 2020 and 18 June 2021, the Sportech business assets acquired by BetMakers from Sportech PLC comprise the following:

• Americas Tote Business: providing betting solutions, hardware, and operational services to over 200 racetrack, casino, and betting venues across the United States, Canada and Latin America.

• Americas Digital Business: providing white-label digital betting solutions to more than 25 customers in North America.

• UK and European Tote Business: providing betting technology, parimutuel and comingling services to more than 35 customers across the UK, Ireland, Europe, and Asia.

• Quantum Tote Technology: a world-leading tote betting engine currently used internationally and including for events such as the Breeders Cup and Royal Ascot race meetings.

For further information please contact

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

Todd Buckingham, Managing Director of BetMakers, authorised the release of this announcement to ASX.

Disclaimer

This announcement contains “forward-looking statements.” These can be identified by words such as “may”, “should”, “anticipate”, “believe”, “intend”, “estimate”, and “expect”. Statements which are not based on historic or current facts may by forward-looking statements. Forward-looking statements are based on:

• assumptions regarding the Company’s financial position, business strategies, plans and objectives of management for future operations and development and the environment in which the Company will operate; and

• current views, expectations and beliefs as at the date they are expressed and which are subject to various risks and uncertainties.

Actual results, performance or achievements of the Company could be materially different from those expressed in, or implied by, these forward-looking statements. The forward-looking statements contained within the presentations are not guarantees or assurances of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company, which may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by forward-looking statements. For example, the factors that are likely to affect the results of the Company include general economic conditions in Australia and globally; exchange rates; competition in the markets in which the Company does and will operate; weather and climate conditions; and the inherent regulatory risks in the businesses of the Company. The forward-looking statements contained in this announcement should not be taken as implying that the assumptions on which the projections have been prepared are correct or exhaustive. The Company disclaims any responsibility for the accuracy or completeness of any forward-looking statement. The Company disclaims any responsibility to update or revise any forward-looking statements to reflect any change in the Company’s financial condition, status or affairs or any change in the events, conditions or circumstances on which a statement is based, except as required by law. The projections or forecasts included in this presentation have not been audited, examined or otherwise reviewed by the independent auditors of the Company.

You must not place undue reliance on these forward-looking statements.