INSPIRED ANNOUNCES ACQUISITION OF SPORTECH LOTTERIES

Inspired Entertainment, Inc. (NASDAQ: Inse), a leading provider of gaming content, systems and solutions, today announced that it has acquired Sportech Lotteries, Inc., a subsidiary of Sportech Plc (LSE: SPO. L). Sportech Lotteries' primary asset is a contracted lottery systems business that provides electronic and retail services to Lotaria Electronica Internacional Dominica S. A. ("Leidsa") in the Dominican Republic, with the planned launch of Sportech's Ilottery Solutions. The current lottery systems with Leidsa were scheduled to run until March 9, 2025. Concurrent with the closing of the lottery acquisition, Inspired and Leidsa have extended the lottery systems contract until March 9, 2035.

The acquisition marks Inspired's first acquisition in the lottery sector and further diversifies its business model at the product, customer and geography levels. This is expected to provide further growth opportunities in North America, a key strategic region for the company, strengthen the company's positioning in the growing lottery market and enhance its ability to offer its platform to new clients within The Future with a complete lottery/gaming solution aligned with its platform approach. "We look forward to leveraging Sportech's established lottery offering agreement to expand our scale and reach in the lottery and gaming ecosystem. We are excited to enhance our value proposition to operators and consumers to realize the significant opportunity in this space."

Weil continued: "Leidsa is one of the largest and most successful lotteries in Latin America. Beyond the immediate opportunity in the Dominican Republic, we expect this transaction will further strengthen our lottery systems platform and accelerate the progress of our strategic objectives in the global online and retail retail markets."

Sportech has acquired purchase financing of USD 12. 5 million on a free cash/debt-free basis, subject to certain customary adjustments and potential additional disincentives of up to USD 2 million. The upfront payment represents a multiple of approximately USD 31 million in unaudited EBITDA1, 4. 0x for the LTM ended June 30, 2021, and 3. 5x Sportech Purchases (Pre-Covid) Adjusted EBITDA1 of USD 35 million for the calendar year 2019. The acquisition was funded with cash from Inspired's balance sheet.

Leidsa is a private lottery operator in the Dominican Republic, offering electronic lottery products (draw games, keno, etc.) and many other services since the launch of the Quantum™ lottery system for Leidsa. Inspired will also license Sportec's Lot. To system, an omnichannel lottery solution that manages the entire lottery business from the cloud, which is currently being piloted with Leida in preparation for the launch of digital lottery sales during 2022.

About Inspired Entertainment

Inspired provides a growing portfolio of content, technology, hardware and services for regulated gaming, betting, lottery, social and leisure across land-based and mobile channels around the world. The company's gaming, virtual sports, interactive and leisure products appeal to a wide range of players and create new opportunities for operators to grow revenue. The company operates in approximately 35 countries worldwide, providing gaming systems and associated terminals and content for approximately 50. 000 gaming machines installed in betting shops, pubs, game rooms and other ride operations; interactive games for over 170 websites; and 16. 000 terminals. For further information please visit www. inseinc.

About Sportech

Sportec is both a technology provider and an operator in the gaming market: B2C operates sports bars and other establishments in the state of Connecticut, USA, holds an exclusive license to offer sports betting in the state, and a distribution agreement with the Connecticut Lottery to offer sports betting. It also holds an exclusive license for internet betting in Connecticut under the name "MyWinners. com" and a license for internet betting throughout the United States under the name "123Bet. com". Contacts

Investor Relations

Amy Remy [email protected] +1 646 565-6938 : Non-GAAP Adjustments: Adjusted EBITDA from Sportec LotteryUnited States

Management Fees (1)

Plus: Management Fees

Plus: Depreciation and Amortization

Plus: Tax Withholding

Adjusted EBITDA

Note: USD figures are based on IFRS using an exchange rate of USD:DOP 57. 05 as of December 31, 2021.

1 Expenses of the former parent company (Sportec PLC). Upon completion of the transaction, Sportec Lottery will no longer be charged a management fee by its parent company.

Non-GAAP Financial Measures

We use certain non-GAAP financial measures, including EBITDA and Adjusted EBITDA, to analyze our operating performance. We use these financial measures in managing our business on a day-to-day basis. We believe these measures are commonly used in our industry to measure performance. For these reasons, we believe that these non-GAAP financial measures provide broader information about our business in addition to standard U. S. GAAP financial measures. Because there are no specific rules or regulations regarding the definition and use of non-GAAP financial measures, the measures we use may not be comparable to measures used by other companies, even if similarly presented. Presentation of non-GAAP financial information should not be considered in isolation or as a substitute for or superior to financial information prepared and presented in accordance with U. S. GAAP. Our non-GAAP financial measures should be considered in conjunction with our U. S. GAAP financial measures.

We define non-GAAP financial measures as follows:

EBITDA is defined as a net loss excluding depreciation and depreciation expenses, interest paid, receiving interest, and corporate income tax.

After adjustment, EBitDa is defined as a net loss excluding depreciation and depreciation, interest paid, receiving interest, and other additional excludes and adjustments. Such additional exclusion amounts include the legacy part of the business that includes a US reserv e-based reward, which is expected to be settled by reserves, and a closed fixed benefit pension system. Includes fluctuations in debt and revenue and costs related to. (1) Restructuring costs (employee retirement, replacement of management, restructuring, duplicate operating expenses, expenses related to facilities closing, integrated costs, etc.), (2) Merger and acquisition costs, (3) ) Profit or loss other than the normal business process. This does not include adjustments related to COVID-19.

After adjustment, EBITDA focuses on the specific power of business management, such as sales, operating costs, general management expenses, and increased operating income and expenses, considering other performance evaluation indicators. Therefore, we believe that it is a particularly useful performance evaluation index. After the coordination, EBITDA believes that we will fully understand our business performance and its trends, and deepen our overall understanding of our financial results and future prospects. After adjustment, eBitDa does not take into account the specific aspects of our business performance (for example, excludes the extraordinary profit and loss that is not considered to be a normal part of the basic business). Or it is not intended to be an indicator of the operating cash flow or a net income or net loss of the current period. After the adjustment of our company, the use of EBITDA may not be comparable to the use of other companies with similar titles. Management compensates for these restrictions by using eBitDa as one of some scale to evaluate business performance after adjustment. In addition, capital spending that affects depreciation, interest paid interest, and tax effects (expenses) is individually evaluated by management.

Promotional statement < SPAN> EBITDA is defined as pure loss excluding depreciation and depreciation, interest paid, receiving interest, and corporate income tax.

After adjustment, EBitDa is defined as a net loss excluding depreciation and depreciation, interest paid, receiving interest, and other additional excludes and adjustments. Such additional exclusion amounts include the legacy part of the business that includes a US reserv e-based reward, which is expected to be settled by reserves, and a closed fixed benefit pension system. Includes fluctuations in debt and revenue and costs related to. (1) Restructuring costs (employee retirement, replacement of management, restructuring, duplicate operating expenses, expenses related to facilities closing, integrated costs, etc.), (2) Merger and acquisition costs, (3) ) Profit or loss other than the normal business process. This does not include adjustments related to COVID-19.

After adjustment, EBITDA focuses on the specific power of business management, such as sales, operating costs, general management expenses, and increased operating income and expenses, considering other performance evaluation indicators. Therefore, we believe that it is a particularly useful performance evaluation index. After the coordination, EBITDA believes that we will fully understand our business performance and its trends, and deepen our overall understanding of our financial results and future prospects. After adjustment, eBitDa does not take into account the specific aspects of our business performance (for example, excludes the extraordinary profit and loss that is not considered to be a normal part of the basic business). Or it is not intended to be an indicator of the operating cash flow or a net income or net loss of the current period. After the adjustment of our company, the use of EBITDA may not be comparable to the use of other companies with similar titles. Management compensates for these restrictions by using eBitDa as one of some scale to evaluate business performance after adjustment. In addition, capital spending that affects depreciation, interest paid interest, and tax effects (expenses) is individually evaluated by management.

Promotional statement EBITDA is defined as net loss excluding depreciation and depreciation, interest paid, interest, and corporate income tax.

After adjustment, EBitDa is defined as a net loss excluding depreciation and depreciation, interest paid, receiving interest, and other additional excludes and adjustments. Such additional exclusion amounts include the legacy part of the business that includes a US reserv e-based reward, which is expected to be settled by reserves, and a closed fixed benefit pension system. Includes fluctuations in debt and revenue and costs related to. (1) Restructuring costs (employee retirement, replacement of management, restructuring, duplicate operating expenses, expenses related to facilities closing, integrated costs, etc.), (2) Merger and acquisition costs, (3) ) Profit or loss other than the normal business process. This does not include adjustments related to COVID-19.

After adjustment, EBITDA focuses on the specific power of business management, such as sales, operating costs, general management expenses, and increased operating income and expenses, considering other performance evaluation indicators. Therefore, we believe that it is a particularly useful performance evaluation index. After the coordination, EBITDA believes that we will fully understand our business performance and its trends, and deepen our overall understanding of our financial results and future prospects. After adjustment, EBITDA does not take specific aspects of our business performance (for example, excludes the extraordinary profit and loss that is not considered to be a normal part of the basic business). Or it is not intended to be an indicator of the operating cash flow or a net income or net loss of the current period. After the adjustment of our company, the use of EBITDA may not be comparable to the use of other companies with similar titles. Management compensates for these restrictions by using eBitDa as one of some scale to evaluate business performance after adjustment. In addition, capital spending that affects depreciation, interest paid interest, and tax effects (expenses) is individually evaluated by management.

Promotional statement