Acceleration of Sports Analytics and Quantitative Modelling...

Acceleration of Sports Analytics and Quantitative Modelling Capabilities
The Company also announces that its wholly owned subsidiary, PointsBet Europe Holdings
Limited, formerly Banach Technology Limited (“PBE”), has entered into an exploratory
agreement with Nellie Analytics, a member of SIG, pursuant to which Nellie Analytics will
provide agreed exclusive sports analytical services (the “Exploratory Services”) to PBE at nil
cost for a period of nine (9) months (the “Exploratory Term”).
During the Exploratory Term, Nellie Analytics will provide PBE with sports analytics and
quantitative modelling services while the parties continue to scope and develop the terms for
additional services (the “Further Services”), with the intention of entering into a definitive
long-term agreement (the “Definitive Agreement”). It is the intention of the parties that
consideration under the Definitive Agreement will be provided to Nellie Analytics (or its
nominee) via long dated options to subscribe for PointsBet Holdings Limited shares (on terms
to be agreed), or at the discretion of PBE, in cash.