Betr takeover of PointsBet now unconditional after shareholder approval

Betr Entertainment Limited’s off-market takeover offer for PointsBet Holdings Limited became unconditional on September 22, 2025. This followed betr shareholders' approval of the issuance of offer consideration and a selective buy-back, making all contracts from the offer free from defeating conditions.

As of September 19, 2025, betr held a 20.6% relevant interest in PointsBet, which will increase to 27.12% with formal acceptances from the Acceptance Facility.

The offer is scheduled to close at 7:00 PM Sydney time on Thursday, September 25, 2025, and will not be extended. This Fifth Supplementary Bidder's Statement, dated September 22, 2025, supplements the Replacement Bidder's Statement from August 18, 2025, and subsequent supplementary statements.

At an extraordinary general meeting on September 22, 2025, betr shareholders passed resolutions for the issuance of shares to PointsBet shareholders and the selective buy-back. Resolution 3 for MIXI Australia's participation in the selective buy-back was withdrawn, and the ratification of prior issue of institutional placement shares was also carried.