Entain plc

1 For the good of entertainmentEntain plc Annual Report 2020 Overview02 We are Entain Strategic report06 Chairman s introduction 10 Chief Executive s Review18 What makes us Entain ? 24 Our strategic framework 26 The industry in which we operate28 Regulatory Update30 How we create value32 Engaging with stakeholders 34 Sustainability 36 Safer betting and gaming43 Covid-1947 Investing in people and communities 56 Business Review 63 Chief Financial Officer s Review68 Chief Governance Officer s Review70 Risk management 72 Principal Risks76 Viability Statement Governance78 Board of Directors 80 Chief Governance Officer s Report90 Report of the Audit Committee96 Report of the ESG Committee99 Nomination Committee Report102 Directors Remuneration Report122 Directors ReportFinancial statements126 Independent Auditor s Report133 Consolidated income statement134

2 Consolidated statement of comprehensive income135 Consolidated balance sheet136 Consolidated statement of changes in equity137 Consolidated statement of cash flows138 Notes to the consolidated financial statements183 Company income statement184 Company balance sheet185 Company statement of changes in equity186 Notes to the Company financial statements191 Glossary192 Shareholder information193 Corporate informationStart hereRead more about what makes us Entain : pages 18 23We are are bold, ambitious and disruptive. Our purpose is to revolutionise betting and gaming to create the most trusted and exciting entertainment for every customer. 1 Overview | Strategic report | Governance | Financial statements Entain plc | Annual Report 2020 We are EntainA new way forwardIn December 2020 we began a brand-new chapter in our history , renaming the Group Entain .

3 More important than our new name and corporate identity was the clear strategic direction we set out to help us meet our ambition to be the world s leading betting and gaming entertainment company with customers at the centre of everything we we re headingOur purpose is clear to revolutionise betting and gaming to create the most exciting and trusted entertainment for every customer. We will fulfil this purpose by delivering our core strategic pillars of growth and sustainability. A technology company to our core, we are uniquely positioned amongst our peers to innovate for customers, enabling us to grow in regulated markets both old and new, while ensuring the highest levels of player Entain , everything we do is for the good of entertainment.

4 We are one of the world s largest sports betting and gaming entertainment groups, operating in the online and retail sectors. Using our unique, proprietary, cutting edge technology platform, we provide safe and exciting gaming experiences, to millions of customers, through many iconic Entain plc | Annual Report 2020 2 OverviewFinancial highlightsOnline Net Gaming Revenue +28 % (constant currency)2019: Net Gaming Revenue $178m+59%2019: $112mAdjusted Diluted : Debt + : Underlying EBITDA1 843m+11% 2019: 761mOperating Profit1 530m+2 %2019: 521mAdjusted Diluted EPS excluding +10 %2019: Delivery of new corporate identity built on clear strategy to deliver growth and sustainability. BetMGM now live in 12 states with strong momentum as a leader in the US market.

5 Strong growth across the Group with market share gains in all major markets. 20 consecutive quarters of double digit online NGR growth. Launch of Sustainability Charter to reinforce the Group s commitment to delivering industry best in class ESG and customer highlights1. From continuing : Overview | Strategic report | Governance | Financial statements Entain plc | Annual Report 2020 Our commitments We have long held the view that the most sustainable business in our industry will be the most successful business in our industry. We aim to meet the highest standards in everything we do, from the way we run our business to the way we support our colleagues, our customers and our sustainability commitments An exclusive focus on regulated markets we have committed that by 2023 we will only operate in domestically regulated markets.

6 We are now at 99%, in regulated and regulating markets, more than any other major global operator. Lead on Safer betting and gaming provide our customers with the safest environment to play. Pursue the highest levels of Corporate Governance with rigorous processes and oversight through a diverse Board. Invest in people and communities we want to Entain to be recognised as the best place to work in the industry as well as ensure we make a positive impact on the communities and markets in which we are based and culture commitmentsWe are guided by a culture that help us to define what being the best place to work means. At Entain we Keep it Real , Do the Right Thing , Get Involved and Bring it on : To Keep it Real our colleagues bring their character and are always themselves.

7 We value our employees judgement and encourage them to bring their ethics to work to Do what is Right . Our peoples energy is infectious, they Get Involved and engage in all areas of life at Entain . The attitude that underpins the outlook of everyone at Entain is Bring it On .Customer commitments Customers will be the focus of everything we do. We will provide moments of excitement. We will provide them with exciting and trusted entertainment products and services. Using our technology platform, we will continuously work to upgrade and personalise the experience and protections for our are Entain continued Entain plc | Annual Report 2020 4 OverviewOur divisionsMarket positionOnlineRetail (4,500+ global outlets)>50 Licences in >20 jurisdictions 50+Leading brands 24UK #1 Belgium #1 Italy#3 Ireland#3 Offices worldwide 20+Employees & contractors ,000 Currencies42 Languages33UK #2 Germany #2 Italy #1 Australia #3 Georgia #1 Online sports wagers +5 % (+7cc )2019: sports wagers (Covid-19 impacted)2019: NGR 1.

8 Online Retail Other EBITDA1. Online Retail * Other excluded as EBITDA is negative125 Overview | Strategic report | Governance | Financial statements Entain plc | Annual Report 2020 Chairman s introductionNex t le velOur new strategy and name defines a clear way forward for us in our ambition to be the world leader in sports betting and gaming entertainment. Entain plc | Annual Report 2020 6 OverviewOur clear priorities from the outset were to keep our people and our customers safe, and to ensure that the business was strongly positioned both to withstand the impact and to take advantage of growth opportunities as they presented themselves.

9 It has been humbling to see the resilience, perseverance and professionalism that our outstanding teams around the world have shown, as well as their ability to quickly adapt to the challenges of a new operating environment. On behalf of the Board, I would like to thank each and every Entain colleague for their hard work and commitment, often in very difficult circumstances. It is a great testament to the quality of our people and the strength of our business model that the Group s growth continued during 2020, despite the Covid-19-related sporting cancellations and retail closures that were necessary at times during the year. We have long talked about the importance of having a truly diversified business model and of not being overly reliant on any one product, brand, territory, or channel, and it was this approach that mitigated the impacts of the pandemic on our business so addition to the strong performance of our underlying business, during the year we also significantly enhanced our Board, continued to invest in our hugely exciting and fast-growing joint-venture, BetMGM, in the US, carried out M&A projects, entered new territories.

10 And launched a wide range of strategic initiatives including a fresh corporate identity aimed at realising our ambition to be the world-leader in sports betting and gaming t le velUnder our new corporate identity, we will continue to use our unique technology platform to build on the exceptionally strong momentum that we have in our existing markets, grow into new markets, reach new audiences, enhance the customer experience, and provide industry-leading levels of player protection. J M Barry GibsonNon-Executive ChairmanRead more about our Board: pages 80 81A new-look Board for a new way forward Your Board was substantially strengthened and revitalised in the last 12 months and we now have in place a robust corporate governance structure that befits our status as a FTSE 100 company and a world-leading betting and gaming business.