Announcement PDF BETMAKERS TECHNOLOGY GROUP LTD ACN: 164 521 395 Phone: 1 300 208 849 Fax: (02) 8330 6357 Level 4, 189 Flinders Lane Melbourne, VIC 3000 25 March 2024 NSW 2291 Resignation of Chief Financial Officer BetMakers Technology Group Ltd (ASX:BET) (“BetMakers” or the “Company”) advises that Anthony Pullin has given notice of his resignation as Chief Financial Officer. Mr Pullin commenced with BetMakers over 5 years ago and has been instrumental in the growth and development of the BetMakers business. Mr Pullin’s last day will be Wednesday 27 March 2024. BetMakers CEO Jake Henson said, “We thank Anthony for his significant contribution to BetMakers. Over the past 5 years Anthony has been a valued senior team member, adding financial rigour to our business. He leaves BetMakers in a strong position, with the foundations now in place for the Company to achieve profitability. We wish Anthony all the very best for his future endeavors where I have no doubt he will be an extremely highly valued team-member.” The process for appointing a replacement CFO is progressed, and BetMakers expects to provide a further market update on this shortly. In the interim period, BetMakers’ Group Financial Controller, Warrick Van Der Merwe, will act as interim CFO. Warrick has been with the Company approximately 3 years and previously led the Australian and Group financial reporting teams reporting directly to Anthony. Punting Form satisfaction of Special Event As announced on 24 October 2022, the Company entered into a share purchase deed (“Deed”) to acquire "Punting Form". The Company is pleased to announce that the sellers of Punting Form have produced North American race and sectional data. As such, they have satisfied the Special Event as per the Deed and are eligible to receive the ‘Special Deferred Amount’ of AUD3.0 million. As per the Deed, the Special Deferred Amount can be paid in cash, ordinary shares, or a combination of both, at the Company's discretion. The Company will make an initial cash payment of AUD0.5 million today, with the composition of the residual AUD2.5 million payment to be determined by the Board and paid or issued within the next 10 business days. BetMakers CEO, Jake Henson, said, “This represents the completion of the initial consideration for the Punting Form business and we are pleased with the development of the product as well as the underlying performance of the business so far. Over the next 12 months BetMakers will further integrate the Punting Form asset into our core offering, including into the NextGen wagering platform.” For further information please contact: Eric Kuret, Automic Group Investor Relations investors@thebetmakers.com + 61 417 311 335 investors.thebetmakers.com • investors@thebetmakers.com • Postal Address: Level 4, 189 Flinders Lane, Melbourne, VIC 3000 Disclaimer The material contained in this document is of general information about the activities of BetMakers as at the date of this update. All monetary figures quoted within this document are in Australian dollars ($AUD) unless otherwise specified and are provided on an unaudited basis. 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 forwardlooking 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. 2