Page 1

Appendix 4C and Quarterly Activities Report Appendix 4C Quarterly report for entities subject to Listing Rule 4.7B Melbourne , Australia , 28 October 2021 PointsBet Holdings Limited ( ASX : PBH ) ( " Points Bet " or the " Company " ) is pleased to provide its Quarterly Cash Flow Report ( Appendix 4C ) for the quarter ending 30 September 2021 ( " Q1 FY22 " ) ¹ . PointsBet also provides an overview on its trading performance for Q1 FY22 ( prior corresponding period being Q1 FY21 ( “ 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 PCP growth across the following key metrics : Aus US Gross Win Margin Aus US Gross Win4 Aus US Net Win Margin Aus US Net Win 5 Aus US - Table 1. PointsBet Group - Q1 FY22 Sports Betting Performance ( A $ m ) ² Key metrics - Sports Betting Q1 FY22 Q1 FY21 Change vs PCP Turnover / Handle³ Net Win - Sports Betting Net Win - iGaming Net Win - Total 979.9 631.4 348.6 11.9 % 13.9 % 8.4 % 117.1 87.9 29.2 6.9 % 8.7 % 3.6 % 67.3 54.8 12.5 691.9 527.7 164.2 10.2 % 11.5 % 6.0 % 70.4 60.5 9.8 5.5 % Table 2. PointsBet Group - Q1 FY22 Net Win Summary ( A $ m ) 6 Q1 FY22 Q1 FY21 38.1 67.3 2.2 69.5 6.6 % 1.9 % 38.1 35.1 3.1 38.1 + 42 % + 20 % + 112 % + 1.8pp + 2.4pp + 2.4pp + 66 % + 45 % + 197 % + 1.4pp + 2.0pp + 1.7pp + 76 % + 56 % + 307 % Change vs PCP + 76 % + 82 % 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 . Page 1