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Appendix 4C Quarterly report for entities subject to Listing Rule 4.7B Appendix 4C and Quarterly Activities Report Melbourne , Australia , 30 April 2021 - PointsBet Holdings Limited ( ASX : PBH ) ( " PointsBet " or the " Company " ) is pleased to provide its Quarterly Cash Flow Report ( Appendix 4C ) for the quarter ending 31 March 2021 ( " Q3 FY21 ” ) ¹ . PointsBet also provides an overview on its trading performance for Q3 FY21 ( prior corresponding period being Q3 FY20 ( " PCP " ) ) . Due to the seasonal nature of the sports betting industry , quarterly figures are not intended to represent an indication of likely full year performance . QUARTERLY HIGHLIGHTS PointsBet reported strong PCP growth across the following key metrics : Key metrics Turnover³ Aus US Table 1. PointsBet Group - Q3 FY2021 Performance ( A $ m ) ² For personal use only Q3 FY2021 Q3 FY2020 Change vs PCP FY21 YTD 905.2 269.1 + 236 % 2,795.2 423.2 178.4 + 137 % 1,494.2 482.0 90.7 + 431 % 1,301.0 Gross Win4 100.5 26.8 + 275 % 254.3 Aus 54.8 21.2 + 159 % 190.8 US 45.8 5.6 + 715 % 63.5 Gross Win Margin 11.1 % 10.0 % + 1.1pp 9.1 % Aus 12.9 % 11.9 % + 1.1pp 12.8 % US 9.5 % 6.2 % + 3.3pp 4.9 % Net Win5 64.9 18.8 + 246 % 147.7 Aus 38.2 15.5 + 147 % 123.0 US 26.7 3.3 + 716 % 24.7 Net Win Margin 7.2 % 7.0 % + 0.2pp 5.3 % Aus 9.0 % 8.7 % + 0.4pp 8.2 % US 5.5 % 3.6 % + 1.9pp 1.9 % No. Active Clients6 285.5k 106.0k + 169 % Aus 158.0k 83.3k + 90 % US 127.5k 22.7k + 461 % 1 Unaudited and in Australian dollars unless otherwise stated 2 The AUD : USD foreign exchange rate used for the figures in the table was the average rate for the specified period 3 Turnover is the dollar amount wagered by clients before any winnings are paid out or losses incurred 4 Gross Win is the dollar amount received from Clients who placed losing bets less the dollar amount paid to Clients who placed winning bets , excluding the cost of pricing promotions 5 Net Win is the dollar amount received from clients who placed losing bets less the dollar amount paid to clients who placed winning bets , less client promotional costs ( the costs incurred to acquire and retain clients through bonus bets , money back offers , early payouts and enhanced pricing initiatives ) 6 Clients that have placed a cash bet in the 12 months preceding the relevant period end date Page 1