BlueBet announces strategic acquisition of TopSport

M&A

BlueBet Holdings is pleased to announce it has entered into a binding Asset Sale Agreement (ASA) to acquire certain assets of TopSport.

The acquisition will leverage the Company’s repeatable model for accretive M&A and expand on the
highly-successful combination of BlueBet and betr. The announcement follows a very strong 1H FY25,
where the Company delivered EBITDA positivity2 for the half off the back of a strong trading
performance and accelerated synergy gains.

To support the acquisition, BlueBet is undertaking an institutional placement to raise gross proceeds of
approximately $15.0 million via the issue of approximately 44.1 million New Shares. Proceeds will be
used fund the cash component of the Upfront Payment payable to TopSport under the ASA and
otherwise deployed for integration and migration costs, working capital purposes and further growth
initiatives.

BlueBet CEO, Andrew Menz, said: “The acquisition of TopSport materially enhances BlueBet’s profitability and scale, is highly accretive for
our shareholders and brings us closer to our strategic target of 10%+ market share in Australia.

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