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For personal use only Appendix 4C and Quarterly Activities Report Appendix 4C Quarterly report for entities subject to Listing Rule 4.7B Melbourne , Australia , 29 July 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 30 June 2021 ( " Q4 FY21 ” ) ¹ . PointsBet also provides an overview on its trading performance for Q4 FY21 ( prior corresponding period being Q4 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 : Table 1. PointsBet Group - Q4 FY2021 Sports Betting Performance ( A $ m ) ² Key metrics - Sports Betting Q4 FY2021 Q4 FY2020 Change vs PCP Turnover / Handle³ Aus US Gross Win Margin Aus US Gross Win4 Aus US Net Win Margin Aus US Net Win 5 Aus US Net Win - Sports Betting Net Win - iGaming Net Win Total7 986.1 494.8 491.3 10.0 % 13.4 % 6.6 % 98.7 66.4 32.3 6.0 % 8.7 % 3.3 % 59.3 43.1 16.2 349.4 302.9 46.5 12.4 % 13.7 % 3.5 % 43.2 41.6 Table 2. PointsBet Group - Q4 FY2021 Net Win Summary ( A $ m ) 6 1.6 9.6 % 10.7 % 2.5 % 33.5 32.4 1.2 59.3 1.5 60.8 + 182 % + 63 % + 956 % -2.4pp -0.3pp + 3.0pp + 128 % + 60 % Q4 FY2021 Q4 FY2020 Change vs PCP 33.5 + 77 % 33.5 + 1,859 % -3.6pp -2.0pp 0.8pp + 77 % + 33 % + 1,294 % + 81 % 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 / Handle 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 The AUD : USD foreign exchange rate used for the figures in the table was the average rate for the specified period 7 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 ) FY21 3,781.4 1,989.0 1,792.4 9.3 % 12.9 % 5.3 % 353.1 257.3 95.8 5.5 % 8.4 % 2.3 % 207.0 166.1 40.9 FY21 207.0 1.5 208.5 Page 1