Page 1

ARISTOCRAT Recommended cash offer for Playtech plc , launch of a A $ 1.3 billion Entitlement Offer and Trading Update NOT FOR RELEASE TO US WIRE SERVICES OR DISTRIBUTION IN THE UNITED STATES Sydney , 18 October 2021 . Aristocrat makes recommended cash offer to acquire Playtech , a leading global online gambling software and content supplier for A $ 5.0 billion ( enterprise value ) Acquisition will accelerate Aristocrat's growth strategy over the medium term , and deliver sustainable shareholder value EPSA accretive in first full year of ownership Playtech Board is unanimously recommending shareholders vote in favour To be funded with existing cash , new debt and a A $ 1.3 billion entitlement offer Aristocrat expects 2021 full fiscal year NPATA of A $ 864 million Aristocrat Leisure Limited ( ASX : ALL ) ( " Aristocrat " ) today announces the proposed acquisition of 100 % of Playtech plc ( LSE : PTEC ) ( " Playtech " ) for a cash offer price of 680 pence per share ( the " Acquisition " ) , by way of a scheme of arrangement under the laws of the Isle of Man ( " Scheme " ) . The offer values Playtech's entire issued and to be issued share capital at approximately £ 2.1 billion ( A $ 3.9 billion ) on a fully diluted basis , and represents a premium of approximately 58 % to the last closing price of Playtech on 15 October 2021 of approximately 429 pence . The acquisition represents a valuation multiple of 11.4x Playtech's adjusted EBITDA for the twelve months ended 30 June 2021 . The Playtech Board considers the terms of the Acquisition to be fair and reasonable and has unanimously recommended that Playtech shareholders vote in favour of the Scheme . Playtech directors who own Playtech shares have irrevocably undertaken to vote in favour of the Scheme . Aristocrat has received letters of intent or irrevocable undertakings from Playtech shareholders , including from Playtech's largest shareholder ( as at 30 September 2021 ) , to vote in favour of the scheme in respect of a total of approximately 63.4 million shares , representing approximately 20.7 % of Playtech's outstanding shares . The Acquisition will be conservatively funded by a combination of existing cash , a new Term Loan B issue and an equity raising . About Playtech Playtech is a leading technology provider that develops platforms and content for the global gambling industry . It is considered by Aristocrat to be one of the world's largest online gambling software suppliers and has built a strong track record of pioneering content , software , and platform technology development for the gambling industry . Playtech has more than 7,000 employees across 24 countries , 170 global licensees and is regulated in 30 jurisdictions . 1