Azerion Results Presentation Deck

● ● Sale of Social Card Games Sale of social card games portfolio Entered a definitive agreement with Playtika on 1 August, 2023 to acquire Azerion's social card games portfolio, including titles such as Governor Poker 3 and Poker World. Sale of social card games portfolio completed 28 August 2023 for an initial cash consideration of € 81.3 million, subject to customary adjustments, with an earnout based on the performance of the acquired business that could take the total consideration up to a maximum of € 150 million. At completion Azerion received close to € 67 million before income tax and approximately 15 months after the completion date Azerion will receive the remaining proceeds subject to the terms of the asset purchase agreement. Gain on sale estimated at approximately €70 million before income tax. Earnout consideration calculated by multiplying incremental Adjusted EBTIDA performance of social card games portfolio above a baseline of around €13.5 million, by a multiple of between 6.0x and 7.0x (both inclusive); multiple contingent on revenue growth during the earnout period. Example of Azerion building and scaling valuable technology assets. 8.8 ~€ 81 million Initial consideration (subject to customary adjustments) 2.8 Q1 8.8 Net revenue 10.2 9.3 LLLLLL 3.7 2.6 2.6 Q3 Q4 Q2 2022 € 150 million Maximum Consideration (including performance based earnout) Adjusted EBITDA 1 11.3 azerion 'Adjusted EBITDA includes a central cost allocation for H1 2023 of approximately € 1.5 million. These costs will be addressed as part of our ongoing cost management programme. 3.5 Q1 10.3 2023 4.1 Q2

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