INSPIRED ANNOUNCES ACQUISITION OF SPORTECH LOTTERIES

Inspired Entertainment, Inc. ("Inspired" or the "Company") (NASDAQ: INSE), a leading B2B provider of gaming content, systems and outcomes, today announced the acquisition of Sportech Lotteries, Inc. ("Sportech Lotteries"), a subsidiary of Portech PLC ("Sportech") (LSE: Spo. L). Sportech Lotteries' primary assets are the agreement for the transfer of lottery systems for online and retail transactions and Sportech's future launch of Loteria Electronic Internacional Dominica S. A. ("Leidsa") from the Dominican Republic. Leidsa's active contract for the supply of lottery systems runs until March 9, 2025. Concurrently, with the closing of the acquisition of Sportech Lotteries, Inspired and Leidsa have extended their lottery system supply contract until March 9, 2035. This acquisition is Inspire's first in the lottery sector and further diversifies its business model at supermarket, customer and geographical level. It is considered to give the company a practical opportunity to recover its position in the growing lottery market in North America, a key strategic region for the company, and to improve the company's legal capabilities to offer a platform that completely ends lottery games, in line with the acquisition of new customers in the future, in line with its unique cross-platform layout.

"This acquisition accelerates our access to the lottery business, where our management has considerable business skills and long-standing connections. "We would like to extend the agreement with Portec to the supply of lottery equipment, expanding our reach and coverage in the lottery and gambling ecosystem. We look forward to the opportunity to realize our significant skills in this field, increasing the value of the sense we offer to operators and customers.

Vile continued, "Leidsa - one of the larger and more successful lotteries in Latin America. In addition to the specific potential in the Dominican Republic, we expect the opportunity for the lottery system Porron to be improved to accelerate the achievement of its strategic objectives in the vast online and retail lottery market.

Inspired acquired Sportech Lotteries for $12, 500, 000 on a non-equity/unsettled basis, taking into account some customary adjustments and probable ancillary expenses of up to $2, 000, 000, 000. The advanced compensation provides a multiple of approximately 4, 0x unadjusted (pre-Covid) adjusted EBITDA 1 Sportech Lotteries in the amount of $3, 1 million for the LTM ended June 30, 2021, and 3, 5x unadjusted (pre-Covid) adjusted EBITDA 1 Sportech lott eries per calendar year 2019 volume of $3, 5 million. The purchase was funded with currency funds from Inspired balances.

Leidsa is a Dominican Republic retail lottery operator that has been in business since 1997, offering electronic lottery products (circular games, keno, etc.) and many other products. In connection with the acquisition of Inspired, Quantum™Sportsa Company for Leidsa, which supports more than 2. 100 points of sale as well as software and service support, will remain under control. Inspired also plans to receive lottery approvals. Sportech, Leidsa to start selling digital lotteries towards 2022, control the entire lottery business from the cloud, which is in real-time testing, and Ilotty, an omnichannel conclusion.

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Affiliate : Amy Remy [email protected] +1 646 565-6938Non-GAAP Adjustments: Adjusted EBITDA Sportec Lotto EBITDA

In thousands of US dollars

Today's Conformance (1)

Plus: Reparomento or Dragival

Plus: Consumables and Retributions

Plus: Tax Reduction

Adjusted EBITDA

Note: US characteristics are based on IFR, which implemented the US dollar exchange rate: DOP 57. 05 on December 31, 2021, and may not be consistent with the course applied in accordance with GAAP.

1 The fee is charged by the former parent company (Sportec PLC). After the transaction is completed, Sportec Lotto will no longer receive the parent company's management fee.

Non-GAAP Cash Characteristics

We use several non-GAAP cash characteristics related to EBITDA and Adjusted EBITDA to analyze our operating operations. These cash characteristics are used in the day-to-day management of our operations. We believe that these cash characteristics will continue to be used extensively in evaluating our operating performance. For these reasons, we believe that these non-OPBU related cash characteristics actually assign an absolute view of our operations in addition to the U. S. OPBU's regular monetary measures. There are no special rules or universally accepted measures for determining and applying non-GAAP related monetary characteristics, and as a result, the characteristics we use may not be comparable to measures used by other companies, including those designated as Comparable. Presentation of economic information unrelated to the OPBU should not be considered in isolation from economic information prepared and presented in coordination with the U. S. OPB and its substitutes and benefits. Our non-GAAP related cash characteristics should be considered in conjunction with our U. S. GAAP economic measures.

We recognize non-GAAP related monetary characteristics.

EBITDA is a no n-distribution loss that does not take into account consumables, depreciation expenses, interest paid interests, interest, welfare expenses, etc.

After adjustment, the EBITDA indicators are facing consumables, depreciation expenses, interest paid interests, interest, welfare expenses, and other additional losses that do not take any additional exceptions and adjustments. These additional exceptions include fees on rewards based on the promotion of US USPR in the case of an appropriate promise, and fees for the acquisition of the company (that is, the part where transactions are not performed). Includes a configuration for setting the pricing of profits and costs, and a closed retirement covers accompanied by vested payments. This does not include adjustments related to COVID-19.

After adjustment, EBITDA indicators are considered to be more necessary indicators when considering other performance indicators. This is because the EBITDA indicator after the adjustment covers sales, operating expenses, paid and management costs, other operating income and operating costs, and focuses on the specific reasons for the company's business activities. 。 After adjustment, EBITDA indicators believe that we can more absolutely grasp the results and directions of our work, and to recognize our financial characteristics and future opportunities. 。 After adjustment, eBitDa indicators are not regarded as indicators similar to fluid indicators, currency jets from sales rooms, or no n-payment. This is because the EBITDA indicators after the adjustment do not provide a part of the nuances of our sales room (for example, the indistiation or loss connection that is not disclosed as the normal part of the main activities). The introduction of EBITDA indicators after adjustment may not be comparable to the fact that other companies have introduced such functions. This instructions are compensated for this restriction, and only the EBITDA indicators after adjustment are used as the first of several characteristics for evaluating our business. Apart from this

{Ruimte} < SPAN> EBITDA is a no n-distribution loss that does not take into account consumables, depreciation, interest paid interests, and welfare expenses.

After adjustment, EBITDA indicators are considered to be more necessary indicators when considering other performance indicators. This is because the EBITDA indicator after the adjustment covers sales, operating expenses, paid and management costs, other operating income and operating costs, and focuses on the specific reasons for the company's business activities. 。 After adjustment, EBITDA indicators believe that we can more absolutely grasp the results and directions of our work, and to recognize our financial characteristics and future opportunities. 。 After adjustment, eBitDa indicators are not regarded as indicators similar to fluid indicators, currency jets from sales rooms, or no n-payment. This is because the EBITDA indicators after the adjustment do not provide a part of the nuances of our sales room (for example, the indistiation or loss connection that is not disclosed as the normal part of the main activities). The introduction of EBITDA indicators after adjustment may not be comparable to the fact that other companies have introduced such functions. This instructions are compensated for this restriction, and only the EBITDA indicators after adjustment are used as the first of several characteristics for evaluating our business. Apart from this

After adjustment, the EBITDA indicators are facing consumables, depreciation expenses, interest paid interests, interest, welfare expenses, and other additional losses that do not take any additional exceptions and adjustments. These additional exceptions include fees on rewards based on the promotion of US USPR in the case of an appropriate promise, and fees for the acquisition of the company (that is, the part where transactions are not performed). Includes a configuration for setting the pricing of profits and costs, and a closed retirement covers accompanied by vested payments. This does not include adjustments related to COVID-19.

After adjustment, EBITDA indicators are considered to be more necessary indicators when considering other performance indicators. This is because the EBITDA indicator after the adjustment covers sales, operating expenses, paid and management costs, other operating income and operating costs, and focuses on the specific reasons for the company's business activities. 。 After adjustment, EBITDA indicators believe that we can more absolutely grasp the results and directions of our work, and to recognize our financial characteristics and future opportunities. 。 After adjustment, eBitDa indicators are not regarded as indicators similar to fluid indicators, currency jets from sales rooms, or no n-payment. This is because the EBITDA indicators after the adjustment do not provide a part of the nuances of our sales room (for example, the indistiation or loss connection that is not disclosed as the normal part of the main activities). The introduction of EBITDA indicators after adjustment may not be comparable to the fact that other companies have introduced such functions. This instructions are compensated for this restriction, and only the EBITDA indicators after adjustment are used as the first of several characteristics for evaluating our business. Apart from this

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