Allwyn SPAC

Significant strategic progress already achieved since transaction announcement Enter New Markets Organic Growth Inorganic Growth 15 What We Said We Would Do... January 2022 3) Pursue Attractive Opportunities to Expand in the US and Untapped European Markets Digital-led Organic Growth Continued Focus on Building Stakes in Existing Businesses ●●● What We Have Achieved Already June 2022 Named Preferred Bidder of the UK National Lottery¹ Historically worth an estimated €165m in annual EBITDA² Record-High Online Active Players On track for 24% organic NGR growth in 2022 €327m Stake Acquisition in OPAP Increasing Allwyn's economic interest from 41.2% to 48.2% - at an accretive 6.5x 2022E EBITDA multiple ³ Source: Company information, UK Gambling Commission 1) The award of the UKNL license is currently being contested in a legal challenge. Unless the challenge is successful, Allwyn Entertainment Ltd will be confirmed as the incoming UKNL operator and, subject to a successful period of transition, would become the operator of the UKNL with effect from February 2024. Based on Camelot annual report for the year ended 31-Mar-21, c.£140mm EBITDA converted to € at spot rate of 1.18 EUR per GBP, sourced from CapIQ, as of 27-May-22 Deal multiple based on €327mm purchase price and OPAP €50m pro rata EBITDA, based on 6.9% stake of OPAP FY22 EBITDA management guidance of €720 to €740mm allwyn

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