4 July 2023

Entain plc and Ladbrokes Group Finance plc

Announcement of Conditional Notice of Redemption

£400,000,000 5.125 per cent. Guaranteed Notes due 2023 issued by Ladbrokes Group Finance plc (the "Notes")

Entain plc (LSE: ENT), a leading global sports betting, gaming and interactive entertainment group ("Entain" or the "Group"), announces that today its subsidiary, Ladbrokes Group Finance plc (the "Issuer"), has issued a conditional notice of redemption for any and all outstanding Notes¹.

Entain has elected to redeem the Notes in full in an aggregate amount of £407,464,672, comprising

i.      £400,000,000, being the redemption price of 100.00% of the aggregate principal amount of the Notes to be redeemed; plus

ii.     £7,464,672, being the accrued and unpaid interest to, and including, 20 July 2023 (the "Redemption Date").

As announced on 26 June 2023 (Link), the redemption will be funded using the net proceeds of an issuance of term loans. The Redemption Date may be moved at the Issuer's discretion.

Noteholders will receive their payment on the Redemption Date through the clearing and settlement systems of Euroclear Bank SA/NV and Clearstream Banking S.A.

Notes

(1)     The redemption is conditional on the Issuer receiving sufficient aggregate proceeds to redeem the Notes in full and pay all related expenses.

Enquiries:

Forward-looking statements

This document contains certain statements that are forward-looking statements. They appear in a number of places throughout this document and include statements regarding our intentions, beliefs or current expectations and those of our officers, directors and employees concerning, amongst other things, results of our operations, financial condition, liquidity, prospects, growth, strategies and the business we operate. These forward-looking statements include all matters that are not historical facts. By their nature, these statements involve risks and uncertainties since future events and circumstances can cause results and developments to differ materially from those anticipated. Any such forward-looking statements reflect knowledge and information available at the date of preparation of this document. Other than in accordance with its legal or regulatory obligations (including under the Market Abuse Regulation (596/2014), the Listing Rules, the Disclosure Guidance and Transparency Rules and the Prospectus Rules), the Group undertakes no obligation to update or revise any such forward-looking statements. Nothing in this document should be construed as a profit forecast. The Group and its directors accept no liability to third parties in respect of this document save as would arise under English law.

About Entain plc

Entain plc (LSE: ENT) is a FTSE100 company and is one of the world's largest sports betting and gaming groups, operating both online and in the retail sector. The Group owns a comprehensive portfolio of established brands; Sports brands include BetCity, bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds, Sportingbet, Sports Interaction and SuperSport; Gaming brands include Foxy Bingo, Gala, GiocoDigitale, Ninja Casino, Optibet, Partypoker and PartyCasino. The Group owns proprietary technology across all its core product verticals and in addition to its B2C operations provides services to a number of third-party customers on a B2B basis.

The Group has a 50/50 joint venture, BetMGM, a leader in sports betting and iGaming in the US. Entain provides the technology and capabilities which power BetMGM as well as exclusive games and products, specially developed at its in-house gaming studios. The Group is tax resident in the UK and is the only global operator to exclusively operate in domestically regulated or regulating markets operating in over 40 territories.

Entain is a leader in ESG, a member of FTSE4Good, the DJSI and is AA rated by MSCI. The Group has set a science-based target, committing to be carbon net zero by 2035 and through the Entain Foundation supports a variety of initiatives, focusing on safer gambling, grassroots sport, diversity in technology and community projects. For more information see the Group's website: www.entaingroup.com

Entain plc LEI: 213800GNI3K45LQR8L28

Ladbrokes Group Finance plc LEI: 213800QOWHF5R9VLL274