BETMAKERS TECHNOLOGY GROUP LTD — Capital/Financing Update 2021

Feb 23, 2021

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BETMAKERS TECHNOLOGY GROUP LTD ACN: 164 521 395 Phone: 1300 208 849 Fax: (02) 8330 6357 22 Lambton Road Broadmeadow NSW 2292

24 February 2021

NOTICE UNDER SECTION 708A(5)(e) OF THE CORPORATIONS ACT

The Board of BetMakers Technology Group Limited (“ BetMakers ” or “the Company ”) (ASX:BET) hereby notifies ASX under section 708A(5)(e) of the Corporations Act 2001 (Cth) ( “Act” ) that:

• (a) today, 24 February 2021 the Company completed the issue and allotment of 71,366,234 fully paid ordinary shares under the placement announced to ASX on 17 February 2021 (“ Placement Shares ”);

• (b) the Company issued the Placement Shares without disclosure under Part 6D.2 of the Act;

• (c) the Company provides this notice under section 708A(5)(e) of the Act;

• (d) as at the date of this notice:

  • (i) the Company has complied with the provisions of Chapter 2M and section 674 of the Act as they apply to the Company; and

  • (ii) other than as set out in this announcement, there is no information that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules and that investors and their professional advisors would reasonably require for the purpose of making an informed assessment of:

    • (A) the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

    • (B) the rights and liabilities attaching to the Placement Shares.

Separately, the Company is currently in negotiations of commercial terms with several operators. While the Company is currently unable to determine the materiality of such negotiations, the Company will notify the market of such transactions in due course in accordance with its continuous disclosure obligations.

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

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