Filed by Allwyn Entertainment AG
Pursuant to Rule 425 under the Securities Act of 1933
and deemed filed pursuant to Rule 14a-12
of the Securities Exchange Act of 1934
Subject Companies:
Cohn Robbins Holdings Corp.
Allwyn Entertainment AG
Commission File No. 001-39454
Date: June 14, 2022

Analyst Day Presentation June 2022 For further information on our company, please visit HIGHLY CONFIDENTIAL our website: allwynentertainment.com

Disclaimer General This presentation (the “Presentation”) is for informational purposes only. The information provided in this Presentation pertaining to AllwynAG and its subsidiaries, joint ventures and associates (“Allwyn” or the “Company“ or “we”), its business assets, strategy and operations has been prepared to assist interested parties in making their own evaluation with respect to a potential business combination betweenthe Company and Cohn Robbins Holdings Corp. (the “SPAC”) (the “Proposed Business Combination”) as described in the Business Combination Agreement, dated as of January 21, 2022 (the “Merger Agreement”) by and among SPAC, the Company, AllwynEntertainment AG, AllwynUS HoldCoLLC and AllwynSub LLC, and the private placement of securities in connection with the Proposed Business Combination, and for no other purpose, and shall not constitute an offer to sell, or a solicitation of an offer to buy, any securities, options, futures, or other derivatives related to securities, nor shall there be any sale of such securities or other derivatives in any jurisdiction in which such offer,solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. The information contained herein does not purport to be all inclusive. Nothing herein shall be deemed to constitute investment, legal, tax, financial, accounting or other advice. Neither the U.S. Securities and Exchange Commission (the “SEC”) nor any securities commission or similar regulatory agency of any other jurisdiction has reviewed, evaluated, approved or disapproved of the contents of this Presentation or the Proposed Business Combination or the securities or determined that this Presentation is truthful or complete, and the content of this Presentation is not prescribed by securities laws. Investors should consult with their counsel as to the applicable requirements with respect to any exemption under the Securities Act. The transfer of securities may also be subject to conditions set forth in an agreement under which they are to be issued. Investors should be aware that they might be requiredto bear the final risk of their investment for an indefinite period of time. In addition, this Presentation does not purport tobe all-inclusive or to contain all of the information that may be required to make a full analysis of the Proposed Business Combination or an investment in any securitiesor the Company or the SPAC and is not intended to form the basis of any decision with respect to any securities, the Company,the SPAC or the Proposed Business Combination. The consummation of the Proposed Business Combination will also be subject to other various risks and contingencies, including customary closing conditions. There can be no assurance that the Proposed Business Combination will be consummated with the terms described herein or otherwise. As such, the subject matter of these materials is evolving and is subject to further change bythe Company and the SPAC in their joint and absolute discretion. “Allwyn” is a registered trademark of AllwynInternational a.s. The Company intends to complete a rebranding of its parent/holding companies from “SAZKA” to “Allwyn”. The rebranding has not been completed and may take significant time to complete, may be subject to regulatory or other approvals in certain jurisdictions, and may not ultimately be completed. The projections herein and the assumptions underlying such projections differ from those disclosed in the Form F-4 filed with the SEC by Allwynon May 20, 2022; the projections included in the Form F-4 were those provided by Allwynand reviewed by the Cohn Robbins Board in approving the Proposed Business Combination, as included in the investor presentation filed with the SEC by Cohn Robbins on January 21,2022. No Representations or Warranties and Industry and Market Data No representations or warranties, express or implied, are given in, or in respect of, this Presentation. While the information in this Presentation is believed to be accurate and reliable, the Company, SPAC and their respective agents, advisors, directors,officers, employees and shareholders make no representation or warranties, expressed or implied, as to the accuracy or completeness of such information and the Company and SPAC expressly disclaim any and all liability that may be based on such information or errors or omissions thereof. Tothe fullest extent permitted by law in no circumstances will the Company, the SPAC or any of their respective subsidiaries, equity holders, affiliates, directors, officers, employees, representatives, advisers or agents be responsible or liable for a direct, indirect or consequential loss or loss of profit arising from the use of this Presentation, its contents, its omissions, reliance on the information contained within it, or on opinions communicated in relation thereto or otherwise arising in connection therewith. Industry and market data used in this Presentation have been obtained from third-party industry publications and sources as well as from research reports prepared for other purposes (including, but not limited to, the H2GC report, which was commissioned by the Company). This information involves many assumptions and limitations; therefore, there can be no guarantee as to the accuracy or reliability of such assumptions and recipients are cautioned not to give undue weight to this information. Neither the Company nor the SPAC has independently verified the data obtained from these sources and no representation is made as to the accuracy, reasonableness or completeness any projections or modelling or any other information contained herein and neither the Company nor the SPAC undertake, and the Company and the SPAC expressly disclaim, any obligation to comment on the expectations of, or statements made by,third parties in respect of the matters discussed in this Presentation. Any data on past performance or modelling contained herein is not an indication as to future performance. This Presentation does not take into account, nor does it provide and nor should it be construed as providing, any tax, legal, regulatory, business, financial, accounting or investment advice or opinion regarding the specific investment objectives or financial situation of any person. Recipients of this Presentation should consult their own legal, regulatory, tax, business, financial and accounting advisors to the extent they deem necessary, and each recipient must make its own evaluation of the Company, the SPAC and the transactions contemplated in this Presentation and of the relevance and adequacy of the information. The information contained in this Presentationonly speaks at the date of this Presentation. Neither the delivery of this Presentation nor any further discussions of the Company’s or the SPAC’s businesses with the recipient thereof shall, under any circumstances, create any implication that there has been no change in the affairs of the Company’s or the SPAC’s businesses since the date of this Presentation. The Company and the SPAC reserve the right to amend or replace the information contained herein, in part or entirely, at any time, and undertake no obligation to provide the recipient with access to the amended information or to notify the recipient thereof. Trademarks The Company, the SPAC and their respective affiliates own or have rights to various trademarks, service marks and trade namesthat they use in connection with the operation of their respective businesses. This Presentation also contains trademarks, servicemarks and trade names of third parties, which are the property of their respective owners. The use or display of third parties’ trademarks, service marks, trade names or products in this Presentation is not intended to, and does not imply, a relationship with the Company, the SPACor any of their respective affiliates, or an endorsement or sponsorship by or of the Company, the SPAC or such affiliates. Solely for convenience, the trademarks, servicemarks and trade names referred to in this Presentation may appear without the TM, SM or © symbols, but such references are not intended to indicate, in any way, that the Company, the SPAC, their respective affiliates or any third parties whose trademarks are referenced herein willnot assert, to the fullest extent under applicable law, their rights or the right of the applicable licensor in these trademarks, service marks and trade names. Certain Financial Measures and Calculations Certain financial and statistical information in this Presentation has been subject to rounding off adjustments. Accordingly,the sum of certain data may not conform to the expressed total. The Company uses several key operating measures, including but notlimited to Amount wagered, Operating EBITDA, Operating EBITDA Margin, Adjusted EBITDA, Adjusted EBITDA Margin, capital expenditures and Cash Conversion,totrack the performance of its portfolio and business. None of these items, including with certain unaudited numbers in the information, are a measure of financial performance under GAAP or IFRS, nor have these measures been audited or reviewed by an external auditor, consultantorexpert. These measures are derived from management information systems. These items are an addition to, and not a substitute for or superior to, measures of financial performance prepared in accordance with GAAP or IFRS, and should not be considered as an alternative tonet income, operating income or any other performance measures derived in accordance with GAAP or IFRS. As these terms are definedby the Company’s management and are not determined in accordance with GAAP or IFRS, thus being susceptible to varying calculation, the measures presented may not be comparable to other similarly titled measures terms used by other companies. Any such information, measure or estimate should therefore not be regarded as an indication, forecast or representation by the Company, the SPAC or any other person regardingthe Company’s operating or financial performance for the respective period. The Company believes that these measures of financial results (including on a forward-looking basis) provide useful supplemental information to investors about the Company. However, there are a number of limitations related to the use of these measures in connection with their nearest equivalents which have been prepared in accordance with GAAP or IFRS. For example, other companies may calculate such other measures differently, or may use other measures to calculate their financial performance, and therefore the Company’s measures may not be directly comparable to similarly titled measures of other companies.The principal limitation of these financial measures is that they exclude items that are significant in understanding and assessing the Company’s financial results, including significant expenses, income and tax liabilities that are required by GAAP and/or IFRS to berecorded in the Company’s financial statements. In addition, they are subject to inherent limitations as they reflect the exercise of judgements by the Company about which expense and income are excluded or included in determining these financial measures. While the Company and the SPAC believe the information set forth in this Presentation is reasonable, it is inherently subject to modification in connection with their ongoing review oraudit procedures and such modifications may be material. Accordingly, such information and data may not be included, may be adjusted or may be presented differently in any proxy statement, prospectus or registration statement or other report or document to be filed with or furnished to the SEC by the Company, the SPAC and/or their respective affiliates.

Disclaimer (Continued) Forward Looking Statements, Financial Projections and Financial Targets Certain information in this Presentation and oral statements made in connection with this Presentation are forward-looking. Forward-looking statements include, without limitation, statements regarding the estimated future financial performance, financial position and financial impacts of the Proposed Business Combination and the satisfaction of closing conditions to the Proposed Business Combination. Words or phrases such as “anticipate,” “objective,” “may,” “will,” “might,” “seem,” “should,” “could,” “can,” “intend,” “expect,” “believe,” “estimate,” “predict,” “potential,” “plan,” “is designed to,” “would,” “continue,” “project,” “possible,” “seek,” “future,” “outlook,” “strive,” “strategy,” “opportunity,” “will continue,” “will likely result” or similar expressions suggest future outcomes but the absence of these words does not meanthat a statement is not forward-looking. When the Company or the SPAC discuss their strategies or plans, including as they relate to the Proposed Business Combination, they are making projections and using forward-looking statements. These forward-looking statements include, but are not limited, statements regarding estimates, forecasts of other financial and performance metrics, projections of market opportunity and other characterizations of futureevents or circumstances, including any underlying assumptions. Forward-looking statements, financial projections and financial targets are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements, financial projections and financial targets. Although we believe that the expectations reflected in the forward-looking statements and financial projections are reasonable, there can be no assurance that such expectations will prove to be correct. None of the Company’s or the SPAC’s independent auditor, nor any other independent accountants, have applied, examined or performed any procedures with respect to the financial targets, nor have they expressed any opinion or any other form of assurance on the financial targets or their achievability. These forward-looking statements are provided for illustrative purposes only and must not be relied on by an investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. The financial targets constitute forward-looking statements and are not guarantees of future financial performance. The Company and the SPAC cannot guarantee future results, level of activity, performance or achievements and there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking statements, financial projections and financial targets as actual events and circumstances are difficult or impossible to predict and may differ from assumptions. While in some cases presented with numerical specificity, by their nature, forward-looking statements, financial projections and financial targets involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking information will not occur, which may cause the Company’s actual performance and financial results in future periods to differ materially from any estimates or projections or targets of future performance or results expressed or implied by such forward-looking statements, financial projections and financial targets. Many actual events and circumstances are beyond the control of the Company or the SPAC. There may be additional risks that neither the Company nor the SPAC presently know, or that the Company or the SPAC currently believe are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. The financial targets reflect the Company’s subjective judgements in many respects and thus are susceptible to multiple interpretations and periodic revisions based on actual experience and business, economic, financial and other developments. Accordingly, such assumptions may change or may not materialize at all. The forward-looking statements, financial projections and financial targets contained in this Presentation are expressly qualified by this cautionary statement. While the Company and the SPAC may elect to update these forward-looking statements at some point in the future, except as required by law, the Company and the SPAC specifically disclaim any obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date onwhich the statements are made or to reflect the occurrence of unanticipated events. None of the Company, the SPAC or their respective boards of directors, senior management or any of their respective affiliates, advisers, officers, directors or representatives can give any assurancethat the financial targets will be realized or that actual results will not vary significantly from the financial targets. This Presentation contains financial,operational, industry and market projections, including financial forecasts for the Company with respect to certain financial results for the Company’s fiscal years 2021 through 2023. Neither the Company’s nor the SPAC’s independent auditors have audited, studied, reviewed, compiled or performed any procedures with respect to the projections for the purpose of their inclusion in this Presentation and no independent auditorhas expressed an opinion or provided any other form of assurance with respect thereto for the purpose of this Presentation. Our consolidated financial statements are in the process of being prepared in accordance with IFRS-IASB and audited in accordance with PCAOB standards. Accordingly, our historical financial results and financial forecast information are preliminary and subject to change, which change may be material, based on the completion of our financial closing procedures and any adjustments that may result from the preparation of our financial statementsin accordance with IFRS-IASB and completion of the audits of our financial statements in accordance with PCAOB standards. While all financial, operational, industry and market projections, estimates and targets are necessarily speculative, the Company and he SPAC believe that thepreparation of prospective financial, operational, industry and market information involves increasingly higher levels of uncertainty the further out the projection, estimate or target extends from the date of preparation. Actual results will differ, and may differ materially, from the results contemplated by the projected financial, operational, industry and market information contained in this Presentation, and the inclusion of such informationinthis Presentation should not be regarded as a representation by any person that the results reflected in such projections will be achieved. The risk factor titles presented in this Presentation are certain of the risks related to the business of the Company, the SPAC and the Proposed Business Combination, and such list is not exhaustive. The list in this Presentation is qualified in its entirety by disclosures contained in future documents filed or furnished by the Company and the SPAC with the SEC with respect to the Proposed Business Combination. Additional Information About the Proposed Business Combination and Where to Find It In connection with the Proposed Business Combination the Company has filed a Registration Statement on Form F-4 with the SEC (asamended or the supplemented through the date hereof, the “Registration Statement”), which includes a proxy statement of SPAC and a prospectus of AllwynEntertainment AG. Copies of the Registration Statement, the proxy statement/prospectus and all other relevant materials filedor that will be filed with the SEC may be obtained free of charge at the SEC’s website at www.sec.gov. Participants in the Solicitation and Addressees The Company and the SPAC and their respective directors, certain of their respective executive officers and other members of management and employees, under SEC rules, may be considered participants in the solicitation of proxies of the SPAC’s shareholdersin connection with the Proposed Business Combination. This Presentation does not contain all the information that should be considered in the Proposed Business Combination. It is not intended to form any basis of any investment decision or any decision in respect to the ProposedBusiness Combination. Investors and security holders may obtain more detailed information regarding the names and interests in the Proposed business combination of the SPACs directors and officers in the SPAC’s filings with the SEC, including the SPAC’s registration statement on Form S-1, which was originally filed with the SEC on July 31, 2020. To the extent that holdings of the SPAC’s securities have changed from the amounts reported in the SPAC’s registration statement on Form S-1, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies of theSPAC’s stockholders in connection with the Proposed Business Combination. Investors and security holders of the SPAC and the Company are urged to read the proxy statement/prospectus and other relevant documents that will be filed with the SEC carefully and in their entirety when they become available because they will contain important information about the Proposed Business Combination. Investors and security holders will be able to obtain free copies of the proxy statement and other documents containing important information about the SPAC and the Companythrough the website maintained by the SEC at www.sec.gov. Copies of the documents filed with the SEC by the SPAC can be obtained free of charge by directing a written request to Cohn Robbins Holdings Corp., 1000 N. West Street, Suite 1200, Wilmington, DE 19801. This Presentation does not constitute, or form part of, an offer to sell, or a solicitation of an offer to purchase, any securities in theUnited States. Any securities referred to herein have not been registered, and will not be registered, under the Securities Act, or under the securities laws of any state or other jurisdiction of the United States. None of the securities can be offered, sold, pledged or otherwise transferred, directlyorindirectly, within or into the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. This Presentation does not constitute a “prospectus” within the meaning of the Securities Act.

Welcome to Allwyn’sAnalyst Day Opening Remarks by KKCG Founder, Karel Komarek 4

Robert Chvatal Kenneth Morton Gary D. Cohn CEO CFO Co-Founder StepanDlouhy Ales Vesely Natalie Alderson Clifton S. Robbins CIO CEO of Czech Operations Director Co-Founder

Today’s agenda Introduction to Allwyn Overview and Highlights Lottery Industry Overview Organic Growth Inorganic Growth Financial Overview Management Team Valuation Framework Appendix

Introduction to Allwyn 8

Allwynat a glance –A leading lottery operator… #1 Selected as Preferred Applicant for UK Leadership National Lottery9 lottery operator across 5 markets1 Austria Republic Czech and Greece Cyprus Italy UK €19bn Up to 84% 91mm €11bn Scale FY21A surveyed adult population population in Allwyn’s wagers2 play lottery1, 3 operating markets1, 4 2022E lottery wagers1, 10 Financial €1,661mm €751mm €638mm 67mm strength Total population1 2022E net gaming revenue 2022E adj. EBITDA 2022E adj. EBITDA – capex (Pro Rata)5 (+17% 18A-22E CAGR) (45% margin) (85% cash conversion6) Selected new markets being targeted Split by product7 Split by geography7 Online share (FY21A)7 VLT and casinos US Sports betting 26% Diversified 9% €102bn 9% 32% 27% business 2022E lottery wagers1, 10 (Pro Rata)5 iGaming8 10% FY21A FY21A 38% 71% 16% 330mm 25% 27% Total population1 Lottery Source: Company information, Management estimates (subject to material change) 6) Cash conversion calculated as (Adj. EBITDA – capex ) / Adj. EBITDA; capex = acquisition of property, plant and equipment and intangible assets 1) Based on market data sourced from H2GC 7) Split based on pro rata gross gaming revenue (“GGR”); amount wagered x payout used as proxy for GGR for Lottoitalia; Lottoitalia’s revenue 2) Calculated as the aggregate wagers for Allwyn’s key operating entities on a 100% basis (SAZKA a.s., OPAP, CASAG, Lottoitalia) consists of revenue from contract with customers, calculated as 6% of amount wagered 3) Adult population playing lottery in Austria (84%), Czech Republic (73%), Greece (56%), Italy (34%), as of 2019 8) iGaming includes online casino, online slots, online poker, online bingo and other online only; online sales of products which are also sold 9 4) Population of Austria, Cyprus, Czech Republic, Greece and Italy, as of 2020 through physical retail channel included under respective product 5) Financial forecasts are based on latest management estimates (subject to material change); figures are presented pro rata for Allwyn’s 9) The award of the UKNL license is currently being contested in a legal challenge. Unless the challenge is successful, Allwyn Entertainment Ltd will economic interest in group operating companies be confirmed as the incoming UKNL operator and, subject to a successful period of transition, would become the operator of the UKNL with effect from February 2024 10) Includes gross wagers for State Lottery lottery-style games only (i.e. excludes VLTs / sportsbetting / offshore lottery)

… positioned in a sweet spot of the lottery ecosystem Government entities National or local government that oversees EU lottery within a jurisdiction US Licenses and regulation Product and Consumer-focused lottery operators Retailers and agents technology suppliers Operate lottery on behalf of government, managing brand and point Provide instant game products of sale network Retailers’ kiosks, convenience and systems technology for Agency stores, supermarkets, draw-based games, Technology agreements outlet stores e.g.powerball and services Retail and Online sales Consumers Up to 84% of adult population in certain operating markets1 Land-based sales 10 1) Based on H2GC data; Adult population playing lottery in Austria (84%), Czech Republic (73%), Greece (56%), Italy (34%), as of2019

Our platform for organic and inorganic growth 1 2 3 4 5 6 High Performance Innovation Digitization Efficiency Gaming Safety / ESG Inorganic Growth Teams Expansion of our Transforming our Digitally and Pioneering new Strong track Local focus lottery games CRM, making operationally approaches to the record of supported by portfolio, iGaming games more driven enhancement of acquiring international and sports betting engaging, safer gaming as an businesses with expertise, relevant, and safe, Allwyn-wide global attractive providing and registering ESG initiative potential and attractive scope users creating value by for talent growth improving their performance and applying our operating techniques 11

How Allwynoperates Our platform enables our strategy Lottery-led platform Local teams Product Online and M&A and Scale with Tech innovations digital tenders suppliers strategy Product Regulatory Operations Marketing strategy relations

Offerings include a broad range of gaming products via physical retail and online channels Current AllwynOfferings UKNL Assets3 Greece and 3 Austria Czech Republic 2 Italy United Kingdom Cyprus Physicalretail Online Physicalretail Online Physicalretail Online Physicalretail Online Physicalretail Online ï Product currently offered National jackpot ï ï gameïïïïïï Pan-European jackpot ï ï gameïïïï Lotteries Fast gameïïïïïï Annuity ï ï gameïï … Other numerical lotteriesïïïïïïïïïï € Instant lotteriesïïïïïïïï ï ï ï iGaming1 n/a n/a n/a n/a Sports bettingïïïïï ï ï VLTs and casinos n/a n/a n/a n/a Source: Company information 1) iGaming includes online casino, online slots, online poker, online bingo and other online only; online sales of products which are also sold through physical retail channel included under respective product 13 2) In Cyprus OPAP only offers numerical lotteries and sports betting 3) Data not reflective of Allwyn ownership/presence and is specific to the UKNL. Allwyn has been selected as Preferred Applicant for UK National Lottery. The award of the UKNL license is currently being contested in a legal challenge. Unless the challenge is successful, Allwyn Entertainment Ltd will be confirmed as the incoming UKNL operator and, subject to a successful period of transition, would become the operator of the UKNL with effect from February 2024.

Our vision for 2025 –bringing the excitement of winning to everyday life 2022 to date 2025E Proposition A leading lottery-led gaming Digital-focused gaming entertainment entertainment platform platform, built on lottery Content Lottery iLottery Lottery Online casino VLTs Sports betting iGaming Sports betting Ancillary services Casino VLTs Ancillary services Channels Rapidly growing online channel Omni-channel with and data-driven CRM fully digitalized retail Reach 5 5 existing countries + plans for UK + US + further global expansion European countries Technology Control over tech stack through combination Increasingly proprietary tech stack of in-house and third-party technologies

Significant strategic progress already achieved since transaction announcement What We Said We Would Do… … What We Have Achieved Already January 2022 June 2022 Enter New Pursue Attractive Opportunities to Named Preferred Bidder of the UK Markets Expand in the US and Untapped National Lottery1 European Markets Historically worth an estimated €165m in annual EBITDA2 Organic Digital-led Organic Growth Record-High Online Active Players Growth On track for 24% organic NGR growth in 2022 Inorganic Continued Focus on Building Stakes in €327m Stake Acquisition in OPAP Existing Businesses Growth Increasing Allwyn’s economic interest from 41.2% to 48.2%—at an accretive 6.5x 2022E EBITDA multiple3 Source: Company information, UK Gambling Commission 15 1) The award of the UKNL license is currently being contested in a legal challenge. Unless the challenge is successful, AllwynEntertainment Ltd will be confirmed as the incoming UKNL operator and, subject to a successful period of transition, would become the operator of the UKNL with effect from February 2024. 2) Based on Camelot annual report for the year ended 31-Mar-21, c.£140mm EBITDA converted to € at spot rate of 1.18 EUR per GBP, sourced from CapIQ, as of 27-May-22 3) Deal multiple based on €327mm purchase price and OPAP €50m pro rata EBITDA, based on 6.9% stake of OPAP FY22 EBITDA management guidance of €720 to €740mm

Overview and Highlights 16

Allwyn’s key investment highlights Operates in ~$300bn1global lottery industry, which is poised for growth through 1 increased digitization 2 Strong organic growth driven by data analytics, cross-selling, and growing online customer base 3 Successful M&A track record with attractive opportunities for expansion in new markets 4 Highly cash generative business, making funding available for organic and inorganic growth (e.g. M&A opportunities) 5 Experienced board and management team with long industry track record

Lottery Industry Overview 18

Lottery: a ~$300bn global industry 1 at Consumer a 6.0% CAGR driven by expected continued growth spend on lottery grew at a 4.3% CAGR over of the digital lottery last 16 years, and from 21A-25E is expected to grow Global annual lottery wagers ($bn)1 21A–25E CAGR (%) 05A–21A CAGR (%) $ 405 $ 385 $ 367 $ 347 48 16.3% 42 $ 321 36 $ 297 $ 295 31 $ 286 26 $ 268 $ 273 15 22.1% $ 255 12 21 9 10 196 4.2% 7 190 $ 204 175 184 3 167 2.4% $ 163 175 176 166 159 167 168 1 130 115 161 6.4% 140 147 154 5.8% 105 107 128 89 93 95 99 47 71 2005A 2010A 2015A 2016A 2017A 2018A 2019A 2020A 2021A 2022E 2023E 2024E 2025E Instant Games and Other Draw-Based Games iLottery The largest constituent of the global gaming ecosystem… …With significant potential for increased online penetration Global sales / wagers (2019A) ($bn)(1) iLotteryWagers ($m) Online $297 Penetration 6.5% 13.7% (%) $48 $146 $15 $74 $23 iLottery 2019A iLottery 2025E Lottery Casino Sports Betting iGaming 19 Source: H2GC. EUR:USD spot rate of 1.07 applied, sourced from CapIQ, as of 27-May-22 Note: Lottery wagers include State Lottery style games only, and do not include VLTs; Lottery wagers assume historical and projected global iLottery payoutratio of ~60%. iLottery is excluded from Instant Games and Other and Draw-Based Games based on 2020A percentage of total 1) Assumes historical and projected global iLottery payout ratio of ~60%. 2021 figures for iLotterybased on projections from H2GC, instant games and other and draw-based games based on actuals

Appealing characteristics of lottery drive high participation 1 Lottery appeals to wide range of demographics, creating strong basis for cross-selling Lottery product characteristics… ... Enable high participation across market populations… % adult population playing lottery1 By Country Positive public Clear and stable Winner- Strong trusted perception regulatory takes-all brands environment characteristics = 47% 41% Strong basis for cross-selling 20 1) Source: Data H2GC, as of UK 2019, DCMS Taking except United Part Survey Kingdom based on (2020) 2020, sourced from H2GC 2) Allwynhas been selected as Preferred Applicant for UK National Lottery. The award of the UKNL license is currently being contested ina legal challenge. Unless the challenge is successful, Allwyn 3) In certain European Entertainment Ltd will jurisdictions; be confirmed as based on the incoming UK DCMS Taking UKNL operator Part Survey and, conducted subject to a in the UK successful period of transition, would become the operator of the UKNL with effect from February 2024. Life-changing Location + Personalized Low cost wins experience-based content product Czech United entertainment Austria Republic Greece Kingdom2 Italy + 84% 73% 56% 44% 34% Favorable industry features relative to other gaming segments … And is popular among surveyed men and women3 % of men who play % of women who play

Lotteries benefit from a relatively favorable public and regulatory perception, 1 reflecting their differentiating characteristics1 Lottery Other Gaming ✓ More acceptable, socially responsible â–ª Greater regulatory and public scrutiny Public perception â–ª More negative perception of other types of ✓ Major contributor to good causes gaming Penetration rates ✓ High across population groups with lower stakes â–ª Typically niche with higher stakes ✓ Well established regulatory framework â–ª Varying regulatory regimes, some Regulation ✓ Long-term regulatory relationships underdeveloped ✓ Long-term licenses â–ª Numerous operators ✓ Few established operators Gaming Profile ✓ Safer gaming profile â–ª High frequency gaming events ✓ Infrequent paybacks â–ª Frequent near-wins to incentivize players

Lottery’s characteristics contribute to sector resilience 1 Performance during the Global Financial Crisis (08A-09A): YoY growth (%) With advantageous attributes relative to other gaming segments 4.2% Easily accessed at Potential life- (1.5%) local retailers and changing wins (2.8%) digitally (3.3%) Lottery Casino Sports Betting GDP Evergreen, Performance during COVID-19 (19A-20A): YoY growth (%) Mass-market Appeal (0.7%) (4.6%) (9.7%) Popular amongst Low-cost product surveyed men and women1 (39.9%) Lottery GDP Sports Betting Casino 22 Note: Source: Lottery H2GC, wagers World include Bank State Lottery style games only, and do not include VLTs, Sportsbetting; Casino, Sports Betting and iGaming figures represent gross win; GDP growth rates based on World Bank data for OECD countries only; Lottery wagers assume historical and projected global iLottery payout ratio of ~60%. iLottery is excluded from Instant Games and Other and Draw-Based Games based on 2020A percentage of total 1) In certain European jurisdictions; based on UK DCMS Taking Part Survey conducted in the UK

… With upside potential from increasing online penetration 1 Potential to increase online lottery penetration in Allwyn’s markets, based on trends in other developed countries’ global sports betting and lottery markets CAGR (%) 57% Global sports betting 10A-21E 22E-26E NGR ($bn) $79 $84 9.3% 8.2% $74 $67 $61 $49 44 48 15.9% 11.2% $41 $42 36 40 $31 $34 $37 31 $28 14 16 26 $18 9 10 12 20 5 19 21 22 27 26 23 30 32 34 35 36 5.1% 4.8% 13 17 2010A 2015A 2016A 2017A 2018A 2019A 2020A 2021E 2022E 2023E 2024E 2025E 2026E Land-based NGR Online NGR Online penetration (%) Further growth and profitability upside from increasing online penetration Sports betting online Share of online lottery GGR 2021E (%) penetration 2026E: 57% 49% Potential upside 36% 32% 18% 16% 13% 11% 5% 3% Finland Denmark UK Czech EU Greece Austria US Italy Republic 23 Source: H2GC Allwyn operating markets License tender process ongoing

Online lottery grows total wagers in markets where it has been introduced 1 Online lottery generally expands total market size and does not cannibalize the retail lottery market’s growth European retail and digital lottery wagers1 +26% +7% +32% +36% +68% Total Total Total Total Total growth growth growth growth growth +500% +47% +164% +88% Digital Digital Digital Digital growth growth growth growth 2015A 2019A 2015A 2019A 2015A 2019A 2015A 2019A 2015A 2019A France UK Ireland Hungary Czech Republic Retail wagers Digital wagers 24 Note: Source: Scaled H2GC to reflect 2015A total wagers within each country 1) Digital increase calculated as growth in digital wagers from 2015A – 2019A, as a percentage of digital wagers for 2015A 2) No data for Czech 2015A digital

The iLottery market is still underdeveloped and has an attractive growth outlook 1 iLottery GGR1 expected to grow at a significantly faster pace than total online gaming GGR Czech Greece Austria Italy United Kingdom Republic and Cyprus GGR CAGR (2021-25E) 25.5% 25.3% 17.0% 15.8% 10.7% 8.1% 8.1% 8.2% 7.5% 6.6% Column1 Column2 Column3 Column4 Column5 iLottery Total online gaming 25 (1) Source: Gross H2GC, gaming 2021 revenue as defined by H2GC

Incumbents enjoy advantages in license renewals 1 Lotteries, by their nature, have certain characteristics that create strong barriers to entry Governments need proven trusted partners Responsible gaming credentials and corporate reputation are a must Brand ownership is critical in many markets Exclusive long-term concession createdeep relationships with regulators and other stakeholders, as well as strong market knowledge Relatively few peers given industry structure

Q&A

Organic Growth 28

Three pillars of organic growth 2 Retail Lottery Digital Lottery Cross Sell ✓ Product innovation ✓ New users ✓ Build on trusted brands, lottery ✓ De-anonymization ✓ Grow customer spend customer base and through customer channels registration ✓ Product innovation ✓ New product ✓ New product launches launches ✓ iCasino and Sportsbook current focus

Innovation and de-anonymization drives steady growth in physical retail 2 • Sales through physical Austria GGR (Physical Retail Channel)1,2 retail remain strong (€m) when not impacted byCOVID-19 restrictions, 83% 81% 83% 82% 80% 75% 78% 76% 75% 73% 75% 74% demonstrating that 169 183 178 161 165 179 186 153 183 +3% online growth does not 148 143 149 cannibalize physical vs Q4 2019 retail sales Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Czech Republic GGR (Physical Retail Channel) (€m) • de-anonymizing itsAllwynhas been rapidly retail customer base 84% 82% 78% 80% 74% 68% 68% 68% 64% 62% 61% 62% 69 71 +3% through loyaltyprogrammesfor 52 55 56 57 45 51 65 61 63 59 vs Q4 2019 physical retailcustomers Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Greece and Cyprus GGR (Physical Retail Channel)1,3 (€m) • Gathering more data about customers allows 90% 89% 88% 87% 83% 76% 83% 61% 30% 73% 79% 82% (12%) us to implement 396 381 387 440 388 327 379 373 enhanced player 172 171 287 vs Q4 2019 protection measures 52 Some impact on Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q4-21 from COVID-19 Retail share of total GGR (%) restrictions 30 2) 1) Does Financials not include casinos based on management accounts and sports betting operated under Tipp3 brand 3) Including Stoiximanfor all periods for comparability

Growing de-anonymized lottery share in physical retail • 2017 in Czech Republic Physical retail loyalty program launched in • second chance New proposition “Wheel of Fortune” to win launched in August with and 2020 enhancing the with the goal of customer’s perception of increasing loyalty usage winnability • customers in 2021, covering 23% of The loyalty program counted 300,000 active draw- based games turnover • further Trend expected to continue in 2022, with increase in share of de-anonymized spend expected • by successfully introducing loyalty rewards,Using prior experience in Greece and Cyprus by 240% within 1 growing the registered loyalty customer base year Czech Republic case study: de-anonymized lottery share(%) 23% 17% 13% 7% 4% 2017A 2018A 2019A 2020A 2021A Greece and Cyprus case study: evolution of registered customer base (‘000) 687 599 463 355 202 246 Pre-launch Apr 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022

Cross-sell, new customers, and data drives online growth 2 • continued in 2021, includingStrong online momentum through online sales of lottery products channel and iGaming • by: Online growth supported – New users – highlighting brands,Cross-selling, website from lottery players and app traffic – online Acquisition of leading player in Greece, (consolidated from Stoiximan December 2020) Austria GGR (Online Channel)1,2 17% 19% 17% 18% 20% 25% 22% 24% 25% 27% 25% 26% +61% 35 34 39 39 40 48 47 55 61 54 52 63 vs Q4 2019 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Czech Republic GGR (Online Channel) 16% 18% 22% 20% 26% 32% 32% 32% 36% 38% 39% 38% +157% 10 12 16 17 20 22 24 31 35 39 38 43 vs Q4 2019 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Greece and Cyprus GGR (Online Channel)1,3 10% 11% 12% 13% 17% 24% 17% 39% 70% 27% 21% 18% 108 123 106 97 46 48 55 64 69 55 77 85 +32% vs Q4 2019 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 – New product launches Share of total GGR (%) 32 2) 1) Financials Does not include casinos based on management accounts and sports betting operated under Tipp3 brand 3) Including Stoiximanfor all periods for comparability

Rapid growth in online customer base Allwynhas almost doubled online customers over the last two years Average monthly active online customers per quarter (000)1 Austria Czech Republic Greece andCyprus +48% CAGR 934 +29% +54% +63% CAGR CAGR CAGR 620 426 406 281 194 247 257 169 168 153 105 Q4- Q4- Q4- Q4- Q4- Q4- Q4- Q4- Q4- Q4- Q4- Q4- 19A 20A 21A 19A 20A 21A 19A 20A 21A 19A 20A 21A 33 1) Source: Note:F-4numberstobeupdatedinaccordancewithQ4financials. Average monthly Company information active online customers are customers with at least one online purchase made on a particular gaming platform during a given month. Data for Austria is based on players for OLG and tipp3, for Czech Republic on SAZKA a.s., for Greece and Cyprus OPAP and Stoiximan

Platform to cross-sell customers 2 Allwyn’s customer base, brands, data and wide product offerings drive growing revenues by cohort Cros selling initiatives Czech Republic internal case study1: GGR per player cohort and YoY growth (%) > Increase number of games Lottery iGaming +81% CAGR eScratch Sportsbook > Loyalty programmes +46% > Gamification +60% +2% Expected result 2 +18% +8% +52% ARPU LTV +39% +22% +21% +21% 2017A 2018A 2019A 2020A 2021A rn Rates Average CAC 2017 Cohort 2018 Cohort 2019 Cohort 2020 Cohort 2021 Cohort nformation gregate online GGR across all products offered in Czech Republic nagement estimates (subject to material change)

Supported by the strength of our trusted brands 2 Austria Czech Republic Greece and Cyprus Italy Key brands Unaided brand 87% 78% 100%1 81% awareness 2 2 2 Numerical lotteries 2 2 2 € Instant lotteries n/a Sports betting n/a iGaming n/a Gaming arcades n/a n/a 35 1) Source: For Company OPAP information, H2GC 2) Used under license [Graphic Appears Here]

Product launches and innovation across physical retail and online channels 2 Continuing to 2022 YTD expand and improve product offering, user experience, and technology – selected innovations in 2021 and New and revitalized products / experiences New technology and user interface NEW in-house sports-betting platform NEW special event draws NEW sports-betting app enhancements NEW group play feature NEW iGaming app NEW annuity jackpot game tournaments integration Digitalizing physical retail NEW OPAP Store App NEW Powerspin game NEW retail loyalty plan features NEW beacons feature promotes in-store play via mobile NEW Physical retail locations NEW PoSterminals, introducing digital signage and enabling personalized marketing

Czech case study: From distressed asset to high performer GGR evolution since Allwyn ownership (€m1) Czech Republic 2 37 (1) Converted Source: Company information from CZK to EUR at average FX rate for each respective year 408 286 315 251 181 192 206 121 140 150 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2013-15 2016-19 2020-22+ “Fix the basics” “Brick& Click” Company SAZKA2.0 – “DigitalFuture” • Renewed focus on customers and in building • Launch of online offering—Digital Entertainment strong brands and positioning Hub • More playful and entertaining SAZKA brand • Extensive company transformation mainly in • Launch of new gaming verticals: • Significant portfolio extension – own and marketing / sales / product and technology – SAZKA Games (online casino) bespoke games • New products – Eurojackpot, Sportka extra draws, – Online scratches (pool games) • Roll-out of next generation central lottery new scratches, new daily keno games – Free to play SAZKA Fantasy system (2020+) incl. new IGT contract • New sportsbook platform focusing on live betting • Roll-out of a new physical retail format / online • Internal development • Physical retail customers de-anonymization, focusing on customer loyalty – SAZKA Club roll out

Czech case study: Strong online growth without retail cannibalization 2 Strong online growth through increased customers value and loyalty +181% • Continuing acquisition focus – registration of new customers GGR growth from 2019 to 2021 Online • Increasing number of games / new gaming verticals • Gamification, user experience and real-time data-driven marketing 45% Online share of total GGR as of • Cross-selling initiatives based on customers profile Q2 2022 ”Knowing your customer” in retail – Allwyn continues to de- anonymize its customer base +10% Retail • Retail loyalty club to de-anonymize customers GGR growth from 2019 to 2021 • Gamification initiatives to increase winning experience and frequency of visits at POS 23% • Higher share of proactive and targeted sales at POS share of de-anonymized sales in retail in 2021

Czech case study: innovation, gamification and cross-sell drive steady growth in 2 online Key online growth drivers Portfolio Innovation • Exclusive games designed by Sazka, bespoke games, local themes customization • New gaming verticals, Fantasy and E-sport to attract young audience Gamification +181% • Gamification propositions across all gaming verticals GGR growth from 2019 to 2021 • Fast market deployment powered by internal loyalty platform Cross-sell • Predictive modelling to identify cross sell potential • Innovative user interface and web analytics—Be where customer attention is [Graphic Appears Here]

Czech case study: iLotteryretention and frequency is driven by gamification 2 Making iLottery more playful and entertaining—because the most frequent experience is non-winning Gamification proposition ‘Golden Wheel’ provides customers with a second chance to win a small prize Has improved gaming experience and increased frequency of bets Quick and massive adoption by iLottery customers 47% 17% of active customers increase in customer participating 1 Spend 1 40 (1) Data Source: Company information reflects last 6 months

Czech case study: Cross-sell delivering 9% of online monthly GGR driving the growth 2 One stop shopping approach – all game verticals under sazka.cz umbrella 9% 300% 1.4 Of online monthly GGR 1 Increase of customer products played by spend since 2017 1 customer on average 1 Example: Cross-selling of iLottery players into eScratches Special user experience “floating fish” on Sazkahome page 90% increase of active players base during the promo 25% of active players were first time players 15% increase in customer spend 41 (1) Source: Data Company as of May information 2022

Czech case study: Well-known brand, innovation and de-anonymization drives 2 steady growth in retail Anonymous customer Brand / appealing promotions TV, print, online • Mass market communication to attract regular and occasional players • Raffle promotions and event based draws to be not depended on jackpot level • Driving extra traffic to POS and online Registered customer Loyalty club benefits and promotions Email/ text Mobile • Gathering customer data and behavior • Increasing the loyalty usage and frequency of visit at POS • Targeted communication and sales

High structural barriers to entry 2 Significant advantages for incumbents when licenses are up for renewal, creating deep competitive moat for Allwyn Current AllwynAssets UKNL Assets1 Czech Greece United Austria Italy Total / Average Republic and Cyprus Kingdom ✓ ✓ ✓2 Owned by the regulator N/A ✓ Brands owned by Allwyn 5,100 12,500 13,000 33,600 44,0004 64,200 (excl. UK) Established POS network3 One per 1,745 pop. One per 856 pop. One per 892 pop. One per 1,792 pop. One per 1,525 pop. One per 1,424 pop. ✓ ✓5 ✓ ✓ ✓1 ✓ Exclusive licenses / Dominant position 94% numerical lotteries 100% lotteries, casino 100% numerical 79% numerical and on-line lotteries / 86% instant-win lotteries lotteries 85% numerical ✓ games lotteries7 Market Share6 casino market share (100% market share in 100% instant lotteries 100% in fixed odds jackpot lotteries) Long-term lottery 18 years 15 years N/A 30 years 9 years 10 years concessions (excl. UK) (Length including extensions) Established relationships 36 years 66 years 64 years 29 years N/A 49 years (Years in operation) Source: Company information 3) Population data sourced from H2GC 43 1) in Selected a legalas challenge.Preferred Unless Applicant the challenge for UK National is successful, Lottery. The Allwyn award Entertainment of the UKNLLtd license will beis confirmed currently being as the contested incoming 5) 4) Based on Camelot’s disclosed retail partners Based on 100% market share in jackpot lotteries as per Company data from UKNL February operator and,2024. subject Data notto reflective a successful of Allwynperiod ownership/presence of transition, would become and is specific the operator to the UKNL of the UKNL with effect 6) All figures as per GGR 2020 for legal market with market size as per H2GC Oct-21 data. Figures for LOTTOITALIA market share are based on wagers 2) OPAP and Stoiximan brands owned; some game brands owned by the Greek state 7) Based on UK National Lottery

The gaming industry is highly regulated 2 Not only are licenses required for gaming operations in each operational jurisdiction, but the scope of regulations is broad and includes for example: types of games, maximum bets, channels of distribution and marketing, taxation etc. Management and boards are also subject to very onerous probity tests and a high level of security and disclosure Allwyn holds all required licenses for its games offered across its jurisdictions, with majority of lottery licenses up for renewal between 2025 and 2030 Allwyn has a 100% track record of license renewal. In some cases, there is an upfront license payment. However, the gaming tax payments and good causes contributions paid during the license tenure by far exceed any fees paid upfront. Allwyn believes a strong operator, able to grow gaming revenues, is the most important criteria for governments when selecting an operator The incumbent usually has a significant advantage when it comes to renewal: 1 • Disruption of operations in the case of change of operator 2 • Risks of performance/business plan of a new operator without prior track record in the specific country/segment 3 • In some cases, the ownership of brands, distribution network, and other infrastructure are also barriers of entry

Our technology and supply strategy is a combination of in-house control of key strategic elements and third party technologies 2 Strategic focus on standardization / centralization of key technologies and leveraging purchasing power Austria Czech Republic Greece and Cyprus 3rd Party technology Lottery Central 3rd Party System In-House 3rd Party (OPAP) Terminals In-House 3rd Party In-House (OPAP) Scratchcards 3rd Party 3rd Party 3rd Party (OPAP) Sport Retail In-House n.a. 3rd Party (OPAP) 3rd Party and Sport Online In-House 3rd Party In-House (Stoiximan) In-House (OPAP ) PAM, Wallet In-House 3rd Party In-House (OPAP and Stoiximan) 3rd Party and iGaming In-House 3rd Party In-House (Stoiximan) In-House (OPAP ) iLottery In-House 3rd Party n.a. Content/ 3rd Party 3rd Party 3rd Party Games (OPAP and Stoiximan) VLT Central 3rd Party 3rd Party n.a. System (OPAP) VLT Central 3rd Party 3rd Party n.a. Machines (OPAP) Horse 3rd Party n.a. n.a. Racing (OPAP)

Allwyn embraces ESG pillars –making play better for all 2 Targets and actions Achievements and memberships • Head office designed in accordance with LEED Gold certificate criteria Key sponsor 2020 Lottery operator of E • Management ambitions and actions towards optimizing energy consumption and the year improving overall energy efficiency in all operating companies • Responsible gaming: a core Allwyn value—All entities offering lottery games awarded the highest responsible gaming Member Member; level 4 certification certifications issued by the World Lottery Association1—Austrian business2 is the first gaming company worldwide to obtain certification according to the Responsible Gaming Standards by the European Casino Association S—Annual responsible gaming training for retail partners • Strong philanthropic profile Certified Certified—Austrian Lotteries business provides €80mm in sports funding annually—“PCs for all” campaign, providing computers to underprivileged families—Founded key initiatives in its local communities during the onset of the COVID-19 pandemic ESG ratings 2 • Commitment to gender equity: 20% of board of directors and 40% of senior management are women G • Equal opportunities for employees creating an diverse and including environment • Merit-based opportunities without regard to gender, age, sexuality, disability, race, religion and more Sources: Company reporting 2021 and 2020, Sustainalyticsas of 11-Feb-2022 46 1) For LottoItalia, certification is held by our partner, IGT Lottery S.p.A. 2) ESG rating based on SustainalyticsESG Risk Rating Report for Allwyn International as of November 2021. In 2014 Casinos Austria was the first company worldwide to boast a responsible gaming management system that was certified to European Casino Association (ECA) standards

ESG initiatives –some examples 2 Supporting communities Promoting responsible gaming Supporting sport Customer focused safety initiatives Czech • Play wisely, a project launched by SAZKA, Republic informs, allows self-testing and gives advice to players regarding responsible gambling (e.g. limits) with tutorials and explanations • SAZKA also offer self-exclusion, where the customer can request termination no earlier • Long term supporter of the Czech than one year after self-exclusion is Olympic team requested Supporting culture Providing training for retail partners • All new Austrian Lotteries retail partners are Austria required to complete a Responsible Gaming Basic Training course prior to commencement of their contract • Additionally, all retail partners receive face- to-face responsible gaming training at least • Partner of the Wiener Festwochen once a year multidisciplinary arts festival since 1968 Protecting players with time and stake Supporting health limits Greece • Only customers who have set up a gaming and Cyprus card and set a self-imposed limit on time and money spent are allowed to play in OPAP’s PLAY Stores, with a maximum bet per spin of €2 for all games conducted via Video Lottery Terminals • Supporting the renovation of the oldest and largest children’s hospitals since 2014 47 Source: Company information

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Buy and build track record 3 Demonstrated ability to expand platform through incremental M&A UK National Lottery1 Applicant) (Preferred and Greece Cyprus Italy Austria UK National Greece Lottery1 and Cyprus Selected as the additional Acquisition 6.9% of 36.75% Acquisition stake in of Preferred Czech Republic Applicant 4th for the indirect OPAP stake in Kaizen outside National Initial Greece and Cyprus Lottery license market entry 2012A 2013A 2014A 2015A 2016A 2017A 2018A 2019A 2020A 2021A YTD-22A Select M&A activity Acquisition 50% stake in of a Acquisition of Privatisation of Acquisition of Successful Acquisition of Acquisition of Acquisition of Acquisition of Sale plus Acquisition Acquisition of remaining 50% 33.0% stake in indirect 11.3% tender of 32.5% indirect 11.6% additional 22.7% 67% stake in 36.8% stake in monetary of additional 47.7% stake in SAZKA a.s. (2011) stake in OPAP stake in CASAG LottoItalia stake in indirect stake in SuperSport Stoiximanand contributions for 17.2% stake in Greek and SAZKA a.s. Lotteries Austrian CASAG Betano SAZKA Group 25% stake in CASAG operations Cypriot New acquisition / license at tender Increase in stake 50 Source: Company information 1) UK National Lottery. The award of the UKNL license is currently being contested in a legal challenge. Unless the challenge issuccessful, AllwynEntertainment Ltd will be confirmed as the incoming UKNL operator and, subject to a successful period of transition, would become the operator of the UKNL with effect from February 2024

Attractive opportunities to expand in the US and untapped European markets 3 Allwyn is a scaled operator with opportunities to take business model to new markets Current European operating markets Key European opportunities US opportunities New market opportunities AT CZ GR&CY IT UK NL EU US Lottery license tenders €13bn €88bn and privatizations 2022E 2022E 28 wagers1 wagers1 € bn 2022E Increasing stakes in wagers1 existing businesses M&A opportunities Disciplined and selective approach operating markets 51 Source: H2GC 1) Lottery market wagers as of 2022E; includes gross wagers for State Lottery lottery-style games only (i.e. excludes VLTs / Sportsbetting/ Offshore Lottery)

Lottery tenders and M&A: successful two-pronged approach to inorganic growth 3 Lotteries, by their nature, have certain characteristics that create strong barriers to entry Lottery license tenders Strategic M&A growth Allwynbiddingteam ambitiously targets lottery tenders Based on sound, disciplined investment principles • Dedicated in-house team specialized in bidding on large Differentiating scale lottery contract tenders • Strategic fit 1 B2C-led • Combining Allwyn expertise with local market knowledge skillset • Focus on lottery and digital gaming • Broad skillset crucial for success Investment • Control over cash flows and strong governance rights 1 criteria & focus areas • Investment return • Geography: EU and potentially US • Allwyn participated in multiple major European lottery Significant operating license tenders organized in last 10 years • Regulated operations 2 track Turkey (2014, 2019) record Italy (2016, 2019) UK (2022 1) • Dedicated investment team focused on M&A opportunities • Proactive market screening for opportunities • Disciplined selective approach to new market expansion • Success in 2 out of 5 major European lottery tenders Allwyn 2 Investment • Focus on targets where Allwyn can add value by active High has participated in (40% success rate) approach management: 3 success • Wins: Italian Lotto and UK 1 • Driving revenue growth rate • Lost tenders: disciplined approach, focus on value • Improving operating margins creation not reckless bidding • Prudent adherence to investment principles 52 Source: 1) The award Company of information, the UKNL license is UK Gambling currently Commission being contested in a legal challenge. Unless the challenge is successful, AllwynEntertainment Ltd will be confirmed as the incoming UKNL operator and, subject to a successful period of transition, would become the operator of the UKNL with effect fromFebruary 2024.

Allwynhas a differentiated position in the lottery competitive landscape 3 Structure expansion of track record global lottery market creates favorable competitive dynamics for Allwynwith competitors having limited B2C 4 State-owned 2 3 lotteries 1 B2B technology suppliers Publicly listed domestic champions Diversified multi- national B2C Allwyn has a differentiated position in the lottery space as a diversified multi-national B2C-focused lottery business with a successful expansion track record Source: Company information. (1) Finland national lottery (2) Netherlands national lottery 53 (3) Spain national lottery (4) California state lottery

3 After a 2-year comprehensive process Preferred Applicant Selected as For UK National Lottery License Tender1 in March 2022 54 1) Source: The award Company of information, the UKNL license is UK Gambling currently Commission being contested in a legal challenge. Unless the challenge is successful, AllwynEntertainment Ltd will be confirmed as the incoming UKNL operator and, subject to a successful period of transition, would become the operator of the UKNL with effect fromFebruary 2024. [Graphic Appears Here]

AllwynSelected Preferred Applicant for UK National Lottery License Tender in March 3 20221 UK National Lottery Overview2 AllwynUK Operations and Partnerships • State-licensed national lottery; established in the UK in 1994 Infrastructure/ Connectivity Technology • Currently operated by Camelot UK Lotteries; license was granted in 1994, 2001, Partner Partner and 2007 • Extensive retail network; ~44k retailers represent ~70% of sales • Team of UK and • Europe’s largest online lottery by sales; > 7.5m active registered players international experts with considerable experience in • ~94% of the UK population live or work within 1 mile of a National Lottery Terminal the UK’s retail, gaming, • Global leader in digital and entertainment lottery games, • Online ticket sales accounted for almost a third of all ticket sales in FY20 sectors sports betting and technology License Competition Milestones The Gambling Commission, as the regulator of the National Lottery, issues the license to operate the lottery 28 Aug 2020 26 Oct 2020 February 2024 4th National Lottery license Invitation to Apply issued to all Expected start date for Fourth competition was launched applicants who passed initial National Lottery license which Selection Questionnaire will last 10 years 19 Oct 2020 15 Mar 2022 Final applications submitted by 4 groups: Camelot, Allwyn, Allwynannounced as the Preferred Applicant for the Fourth National Sisal, and The New Lottery Company; which is the largest Lottery license number of applicants since the lottery’s founding The award of the license is currently being contested in legal proceedings. Upon the Gambling Commission making the Award Notification, it is expected to enter into legal arrangements with the preferred bidder to start transition period 55 Source: 1) The award Company of information, the UKNL license is UK Gambling currently Commission being contested in a legal challenge. Unless the challenge is successful, AllwynEntertainment Ltd will be confirmed as the incoming UKNL operator and, subject to a successful period of transition, would become the operator of the UKNL with effect fromFebruary 2024 2) Based on Camelot disclosure as per FY2020A public financial reporting

The UK National Lottery is one of the largest in Europe 3 UK lottery market overview (2021E)1 Camelot UK lottery key financials2 NGR (£m) UK France Italy £728 £684 £722 £656 Adult Population 56.5m 52.5m GDP €2,638bn €2,462bn €1,775bn FY18 FY19 FY20 FY21 EBITDA 3(£m) Lottery Ticket Sales €176 €267 €354 / Adult £142 £140 £130 £115 UK National Lottery annual GGR (£m)1 3,897 4,026 3,802 3,400 3,558 FY18 FY19 FY20 FY21 3,278 2,774 2,580 2,470 Capex and investment in intangibles (£m) £22 £25 £16 £16 2000A 2005A 2010A 2015A 2020A 2021E 2022E 2023E 2024E Digital as 0% 3% 13% 18% 31% 42% 44% 46% 49% FY18 FY19 FY20 FY21 % of Total Source: H2GC, Camelot annual reports Note: GBP:EUR spot rate of 1.18 applied, sourced from Capital IQ as of 27-May-22 56 Disclaimer: Camelot historical results are not necessarily indicative of Allwyn’s business plan or expected results 1) Based on market data sourced from H2GC 2) Camelot UK Lottery fiscal year ends on 31-Mar 3) D&A includes depreciation on property, plant, and equipment, depreciation on right-of-use assets, and amortisation on intangibleassets

US lottery opportunity 3 Substantial total US lottery market with $109bn in annual ticket sales1 and significant scope for growth from both retail and iLottery channels (current penetration of 6%) 2022E Total US Lottery Market1($bn) Total US Lottery Market1is Estimated to Grow at a CAGR of 7% from 2019A to 2022E US iLottery US Retail Lottery WA MT ND MN $0.03 NH ’19A –’22E $1.03 $0.07 $0.76 32% 6% $0.40 CAGR ME WI $0.35 SD VT $0.82 OR ID $0.08 $0.17 % Total 6% 94% $0.44 $0.41 WY NY MI $0.03 $8.43 IA $7.54 MA # of NE $0.44 $6.18 10 45 $0.24 PA States5 CA IL 2 $6.33 NV IN OH RI $9.64 UT $3.36—$1.92 $3.85 3 $0.32—CO NJ 2022E $0.86 CT KS MO WV $4.04 $6.4bn $102.6bn $1.52 Market Size $0.35 $1.75 KY $0.27 VA DE $1.42 $3.04 $0.24 MD TN 4 OK NC DC $2.89 Cohn Robbins’ relationships and expertise $0.26 $2.04 $3.77 $0.23 AZ NM AR $1.62 $0.16 $0.69 SC MS $2.57 AL Gary D. Cohn $0.50 GA TX -$5.60 • Vice Chairman of IBM since January $7.22 LA $0.60 2021 • Former assistant to POTUS for Economic Policy and Director of the AK—FL National Economic Council $8.11 Private operator model Clifton S. Robbins HI—• Founded Blue Harbour Group in 2004 Retail and iLottery presence • Previously Managing Member of Retail lottery presence only General Atlantic Partners and KKR Source: H2GC, State Lotteries, Company filing. Note: 1) Defined EUR:USD spot as gross rate of ticket 1.07 sales applied for State Lottery lottery style games only (i.e. excludes VLTs / Sportsbetting / Offshore) 57 3) 2) Privately Privately operated operated by by IGT North Indiana, Star New a wholly-owned Jersey, a JV between IGT subsidiary of and IGT Scientific Games 5) 4) 10 iLottery states launched include North in Dec-20 Dakota, as a Michigan, result of Illinois, emergency Kentucky, rules Pennsylvania, adopted during Virginia, the COVID-19 North Carolina, pandemic Georgia, New Hampshire,Rhodes Island and D.C. (excludes New York, Maine, Maryland which operate under online subscription management model)

AllwynUS market strategy 3 Allwyntargets a two-way strategy (direct bids and M&A) to enter the US market Current Status Future Potential Priority for Allwyn Deployment Status (# of States) (# of States) 1 Growth 3+ Privately 3 TBD Managed Potential for more states to shift to Actionable (IL, IN, NJ) private management model over time B2G +35 45 101 Developing proprietary iLottery 2-3 years State iLottery tech to service our existing Direct markets and bid on US contracts Bids 0 45 B2G Operated 45 Developing the retail platform tech 2-3 years Retail stack to target B2G retail contracts Growth Exclusive TBD TBD Partnerships 0 Potential for exclusive partnerships Actionable to win B2G contracts in US 2 M&A Actionable 58 Source: (1) 10 states H2GC, State Lotteries, Company filings include North Dakota, Michigan, Illinois, Kentucky, Pennsylvania, Virginia, North Carolina, Georgia, New Hampshire, Rhodes Island and D.C. (excludes New York, Maine, Maryland which operate under online subscription management model)

AllwynUS market strategy (cont’d) 3 Initial phase of US expansion plan expected to enable Allwynto compete in the US in near term • Developing proprietary iLottery system to service Allwyn’s existing jurisdictions and be available to bid Technology on US contracts • Build on existing iLottery elements in Austria and Czech Republic • Goal of continuing to build out the team in the US to execute Allwyn’s US plan People • Goal of making 2-4 additional key hires by year end 2022 B2G Private Management Retail System iLottery Retail System iLottery Contract Renewal Status1 Renewal Status1 Renewal Legislation CO 2025 None CT 2023 Passed VA 2025 In Operation Under IL 2027 Upcoming DC 2024 Discussion OR 2026 None contract renewals ND 2024 In Operation KY 2026 In Operation Allwynmay WI 2024 None AR 2026 None target Legislation IN 2028 AZ 2024 TX 2026 None Passed MN 2026 None WY 2024 None CA 2026 None NH 2025 In Operation MS 2026 None NJ 2029 MD 2025 None Under WV 2025 None SD 2026 Discussion (1) Source: Legislation La Fleur’s passed: 2021 World state has Lottery Almanac, VIXIO passed iLottery legislation; Gambling Compliance, Elliers&Under discussion: iLottery legalization Krejcik, H2 Gambling discussed Capital, Moody’s by the state. Analytics Represents states targeted by Allwyn 59

Q&A

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Pro forma structure 4 PIPE Existing Allwyn shareholders shareholders Shareholders 17% 83% PubCo 100% 1 59.7% 2 100.0% 48.2% 3 32.5% 100.0% 4 Austria Czech Republic Greece and Cyprus Italy United Kingdom UK National Lottery Key governance rights defined Control; fully consolidated Control; fully consolidated Control; fully consolidated in Joint Venture Agreement; equity method accounting Cohn Robbins SPAC Trust and andassumes $353m common PIPE proceeds. Includes impact from expected bonus pools for non-redeeming Cohn Robbins shareholders and PIPE shareholders, with potential 4mm common shares to be issued. Bonus pool for PIPE and non-redeeming shareholders is variable based on number of redemptions. Shares underlying CRHC warrants expected to be adjusted by the same ed 30.0mm earnoutshares to existing Allwynshareholders and 26.5% Founder Share earnoutvesting at $12.00 / $14.00. Reflects 16% Founder Share forfeiture. Excludes Cohn Robbins SPAC public and private ating companies as of Dec-21; does not include holding companies, service companies or other minor operating entities owned by Allwyn .,nAG, key entity previously in segment SAZKA Entertainment AG in segment. is currently being Economic contested interest as in a legal of 26-Apr-22 challenge. Unless following purchase of the challenge is minority successful, interest in SAZKA Delta AllwynEntertainment and through open market purchases Ltd will be confirmed as the incoming UKNL operator and, subject to a successful period of transition, the UKNL with effect from February 2024.

Our financials explained Key P&L drivers Amounts A • Amount of wagers placed by customers wagered Players’ B • Winners’ pay-outs winnings A B C Gross gaming revenue (GGR) • Tax base (usually GGR) multiplied by rate; D Gaming Taxes varies based on type of game and country With the exception of Italy where C D E Net gaming revenue (NGR) revenues are based on: Amounts wagered x Commission • Agents’ commissions (variable, calculated as a % NGR) OPEX • IT related costs from gaming suppliers (semi-variable) F Costs • Other expenses include rental, content fees (fixed) • Personnel expenses SG&A • Marketing expenses (flexible in medium term) E F EBITDA 63 Reported financial information Consolidated financials • Reported under IFRS • Impacted by changes in ownership and consolidation scope • Reflect 100% of Greece and Cyprus and Austria businesses, Italian business as equity method investee Segment financials • 100% basis • Used to review and analyzeperformance of each individual segments Pro rata financials • Alternative view that reflects the economic interest in each segment • Used to review overall performance • Basis for internal reporting, KPIs, covenants

Delivering on our growth strategies 4 Allwynhas consistently both delivered organic growth and implemented its buy-and-build strategy Pro rata NGR (€mm) +10% CAGR +33% +17% (9%) 1,165 66 +37% 221 90 960 119 877 +36% 51 157 819 65 (202) 131 597 440 25 +6% +30% +11% +26% +6% +11% (21%) +12% +25% +8% 2016A 2017A 2018A 2019A 2020A 2021A Organic growth (%) Inorganic growth (%) 2019A-2021A CAGR (%) 64 Source: Company information

Delivering on our growth strategies (Cont’d) 4 Compounded top-line growth and consistent margin expansion Czech Greece 1 Italy Austria Republic and Cyprus OPAP Stoiximan4 CAGR: CAGR: CAGR: CAGR: CAGR: 14.4% 4.8% 31.1% 2.7% (4.4%) Heavily 2020 and 2021 408 COVID heavily COVID 345 Impacted impacted GGR 1,620 (€m)1 500 121 1,220 201 449 1,246 1,139 2012A 2021A 2013A 2019A 2019A 2021A 2017A 2021A 2019A 2021A CAGR: CAGR: CAGR: CAGR: CAGR: 13.3% 10.5% 103.1% 4.6% 0.1% 72 Adj. 111 EBITDA 4053 (€m)2 409 36 222 17 342 211 211 2012A 2021A 2013A 2019A 2019A 2021A 2017A 2021A 2019A 2021A Note: Financials (1) For Italy, NGR presented shown. NGR on a for 100% Italy corresponds basis. to “Revenues from contract with customers“ 65 (2) Adjusted EBITDA except for Stoiximanand data prior to 2019A (3) (4) STX 2019 Greece 2019 EBITDA and EBITDA * GGR excluding *data Stoiximan are based on management accounts

Impact of COVID on our top-line 4 Strong performance in segments not impacted by COVID, COVID impacted segments remained below 2019 levels in 2021 Segments with limited impact from COVID More impacted segments Combined performance Organic NGR1, €m Organic NGR1, €m Organic NGR1, €m % Growth Growth: 12.8% % Growth % Growth Growth: 2.5% Growth: (9.2%) Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21 Q3-21 Q4-21 Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21 Q3-21 Q4-21 Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21 Q3-21 Q4-21 Austrian Lotteries Czech Republic Greece—Stoiximan Italy Austria—domestic and international casinos Greece (excl. Stoiximan) Total NGR • Austrian Lotteries, Czech Republic, Italy, • Greece physical retail, Austrian casinos • Q4-21 Group NGR was 3% above Q4-19 on Stoiximan an organic basis1 after first – Heavily impacted in H1-21 – Minimal COVID-19 impact the • Total Q4-21 Group NGR was 29% above wave in Q1 / Q2-20 – largely in line Good recovery in Q3-21, with NGR with pre-pandemic Q3- Q4-19, reflecting both organic and Strong performance since then, 19 levels on an organic basis inorganic growth – benefiting from rapid customer shift to online – impact from Q4-21 NGR 9% COVID-19 restrictions lower than Q4-19 due to – NGR in Q4-21 13% higher than in Q4-19 (pre-pandemic) on organic basis1 66 Note: Greece financials 1) Pro rata calculations not pro for each forma quarter for subsequent acquisitions illustratively based on current stakes of additional interests as of Q4-21 in OPAP to demonstrate organic growth

2019-21 segment business highlights –Czech Republic 4 Continuing online growth and resilient physical retail • Gross Gaming Revenue (€m) profitability growth with GGR and EBITDAConsistently delivering strong top-line and GGR growth substantially above pre-pandemic levels 315 408 286 • Growth across all products and channels: 2019 2020 2021 – Numerical Lotteries: +19% vs. FY20 NGR Net Gaming Revenue (€m) growth – Instant Lotteries: +22% vs. FY20 219 265 201 – iGaming: +68% vs. FY20 2019 2020 2021 – Sports Betting: +63% vs. FY20 Adj. EBITDA Adj. EBITDA margin (€m) • Strong online growth with 38% of GGR generated online in 2021 (vs. 31% in FY20) 43.1% 40.7% 41.7% 95 111 82 2019 2020 2021 67 Source: Company Information

2019-21 segment business highlights –Greece and Cyprus 4 Online business and new concession support strong increase in EBITDA despite COVID impact Gross Gaming Revenue (€m) • retail in for Due to COVID-related closures of physical significant part of year, FY 2021 GGR GGR growth slightly below pre-pandemic levels but EBITDA 1,620 significantly exceeded 2019 performance 1,510 1,130 1620 1164 1090 345 • Continuing strong performance at Stoiximan 40 operator (leading online sports betting and iGaming in Greece, acquired majority and 2019 2020 2021 Stoiximan Others consolidated in Q4 FY20) Net Gaming Revenue (€m) NGR growth • Profitability and cash flow supported by 1,092 structurally more favourable taxation in Greece 1,015 737 after in Q4 FY20 start of new concession for largest games 2019 2020 2021 Adj. EBITDA Adj. EBITDA margin (€m) 37.8% 44.2% 57.0% 578 413 326 550 413 317 9 28 2019 2020 2021 Stoiximan Others 68 Source: Company Information

2019-21 segment business highlights –Italy 4 Strongest ever year for Italian business Gross Gaming Revenue1(€m) • Revenue and EBITDA above pre-pandemic GGR growth levels in 2021 2,368 2,404 – Record performance in Q1 and Q2, returning 1,905 to stable levels in Q3 and Q4 • Stable generation high profitability and cashflow 2019 2020 2021 Net Gaming Revenue2(€m) NGR growth 489 500 384 2019 2020 2021 Adj. EBITDA Adj. EBITDA margin (€m) 81.0% 80.8% 81.8% 396 409 311 2019 2020 2021 69 Source: Company Information 1) Revenue for Italian segment based on amounts wagered x commission 2) Net revenue from services (IFRS basis), equivalent to Net gaming revenue (NGR) in other segments

2019-21 segment business highlights –Austria 4 Continuing impact from COVID on casinos business into 2021, restructuring program supports profitability GGR growth Gross Gaming Revenue (€m) • FY 2021 GGR close despite casinos and VLT gaming halls being to pre-pandemic levels shut in H1 1,246 1,139 1,078 240 457 254 • Lotteries continued to perform well 789 823 899 2019 2020 2021 • iGaming continued to grow strongly (+25% vs. Lottery, iGaming and Sports Betting Casinos and VLTs FY20) NGR Net Gaming Revenue (€m) growth • Casinos impacted by COVID-19 restrictions in 609 2020 and Q1-2 and Q4 of 2021, but delivered 515 549 un-impacted Q3 despite revenues at pre-pandemic levels in COVID-19 lower tourist footfall 2019 2020 2021 • Profitability significantly improved due to successful execution of restructuring program Adj. EBITDA Adj. EBITDA margin (€m) (€45m after acquisition of run-rate cost controlling interest in 2021 savings) – implemented 34.6% 27.8% 38.4% 211 143 211 2019 2020 2021 70 Source: Company Information

Key takeaways –historic performance • Consistentlydelivered organic top-line growth and cost efficiencies, complemented by M&A Strongtrackrecord of deliveringhigh • Resilientperformance through2020 and into 2021 despite material impact from growthandprofitability COVID in Greece and Cyprus and Austria, supported by efficient cost management, strongonlineperformance and swift physical retail recovery after various lockdown periods have ended Diversifiedbusinessmix • Lottery remains the core product with increasing revenues from other products acrosslottery,gaming and such as iGaming and sports betting sportsbetting verticalsas • Online revenues are key drivers of revenue growth with momentum from CRM, wellasgeographies data analytics and cross selling; physical retail channel remains resilient Strong cash • Delivered consistently high cash conversion acrossbusinesses conversiondrives • High cash generation gives the Group significant optionality to de-lever, invest in optionality growth opportunities and/or to distribute cash to shareholders 4 71

Business model drivers / assumptions 4 Digital and • Continue to increase regulated mobile and digital presence • Cross and up sell to existing customers leveraging brands and data data • De-anonymize physical retail channel, e.g. through loyalty plan Physical • Full recovery to pre-COVID restriction levels in all markets • Omni-channel with retail becoming increasingly de-annoymized, e.g. in-store play via mobile retail • New and revitalized offerings and innovations across retail products Product • Offer a full range of best-in-class products • New lottery games and complementary products, filling in white space in product portfolio innovation • Apply best practices across our geographies • 2022 estimates include only closed (increase in interest in Greece and Cyprus already delivered) or announced (increase in interest in Betano) initiatives, as well as further increase in interest in Greece and Cyprus to 50% Inorganic through open market purchases, stock dividend growth • None assumed in 2023 • NGR and EBITDA exclude impact of UK National Lottery License Tender (investment reflected in capex in 2022 and 2023) Operational • No major cost saving initiatives assumed efficiency 72 (1) Selected subject to a as successful Preferred period Applicant for of transition, would UK National become the operator Lottery. The award of the UKNL of the UKNL license is with effect from currently being February 2024 contested in a legal challenge. Unless the challenge is successful, AllwynEntertainment Ltd will be confirmed as the incoming UKNL operator and,

Strong revenue, profit and cash-flow momentum expected to continue 4 Excluding potential contribution from lottery tenders1 2023 Projections based on organic growth only Pro rata NGR (€mm) CAGR NGR growth 39.5% 17.2% (8.6%) 32.8% 42.6% 9.4% +17.3% No contribution 1,661 1,817 from UKNL 1,165 (expected 819 960 877 to start in 2024)3 2018A 2019A 2020A 2021A 2022E 2023E Pro rata Adj. EBITDA (€mm) Adj. EBITDA CAGR margin 42.3% 43.7% 41.6% 49.1% 45.2% 45.1% +18.8% No 819 contribution 573 751 from UKNL 346 419 365 (expected to start in 2024)3 2018A 2019A 2020A 2021A 2022E 2023E Pro rata Adj. EBITDA –capex (€mm) Cash CAGR conversion2 90.9% 93.5% 90.9% 94.4% 85.0% 66.2% +11.5% Reflecting 540 UKNL up-315 392 332 front costs 638 542 2018A 2019A 2020A 2021A 2022E 2023E Source: Company information, Management estimates (subject to material change) Note: Stoiximanconsolidated in OPAP from 2021A onwards Impact of UKNL up-front costs 73 1) Forecast growth for 2023E also excludes potential contribution from M&A 2) Calculated as (Adj. EBITDA – capex) / Adj. EBITDA 3) The award of the UKNL license is currently being contested in a legal challenge. Unless the challenge is successful, AllwynEntertainment Ltd will be confirmed as the incoming UKNL operator and, subject to a successful period of transition, would become the operator of the UKNL with effect from February 2024.

Already realized initiatives and tangible upsides underpin Adj. EBITDA forecasts 4 Pro rata Adj. EBITDA (€mm) Doe Does not not inc ncud lude any ny impact from UK National Lottery (concession +31% expecb ted ginsFebruary2024) to begin February 2024)1 +9% growth growth €69 €819 €96 €751 €82 €573 ✓ OPAP stake increase ✓ Recovery of physical ✓ Increased online sales ✓ Acquisition of stake retail in Greece and ✓ Resilient physical retail in Betano Cyprus and Austria ✓ Cross-sell and up-sell ✓ Increased online sales ✓ Resilient physical retail ✓ Cross-sell and up-sell 2021A Adj. EBITDA Inorganic Growth Organic Growth 2022E Adj. EBITDA Organic Growth 2023E Adj. EBITDA 74 Source: Company information, Management estimates (subject to material change) 1) Selected as Preferred Applicant for UK National Lottery. The award of the UKNL license is currently being contested in a legal challenge. Unless the challenge is successful, AllwynEntertainment Ltd will be confirmed as the incoming UKNL operator and, subject to a successful period of transition, would become the operator of the UKNL with effect from February 2024

Expected strong balance sheet 4 Pro rata financial leverage1 • Expected strong de-levering profile, driven by: – Expected robust Adj. EBITDA growth 1 – Expected significant free cash 3.1x flow generation 0.5x • Deleveraging shown reflects UKNL4 up-front 2.4x costs but no further material investment in 0.4x 1.9x M&A or tenders 0.4x • Expected significant available balance sheet capacity creating financing and strategic 2.6x optionality 2.0x – Expected leveragable stable cash flows 1.5x – Willingness to operate above 3x leverage2 on temporary basis for M&A 2021PF 2022PF 2023PF Pro forma pro rata financial leverage2 Standalone pro rata financial leverage2 Adjusted for expected primary proceeds3 Unadjusted for expected primary proceeds Source: Company information, Management estimates (subject to material change) 1) 2)Refers Pro forma to leverage at AllwynAG. for OPAP stake increase Defined from 41.2% as to Adj. 48.2% net since debt YE-21 / LTM Adj. and a EBITDA; €170 mm net debt one time dividend position as of paid Dec-YE. prior to closing in Q1-22 75 3)Includes impact of expected primary expected free cash flow proceeds and of acquisition $332mm / of €310mm Betanoin from SPAC transaction Q2-22 (assuming no redemptions), and €322mm of convertiblenotes expected to be outstanding at transaction close. 2022PF and 2023PF leverage include the 4)Selected as operator and, Preferred Applicant subject to a successful for UK National period of transition, Lottery. The award would become the operator of the UKNL license is of currently the UKNL with being effect from February contested in a legal 2024 challenge. Unless the challenge is successful, AllwynEntertainment Ltd will be confirmed as the incoming UKNL

Q&A

Management Team 77

Experienced board and management team 5 Robert Chvatal Kenneth Morton StepanDlouhy Jan Matuska Tony Khatskevich Management CEO CFO CIO COO CTO ntonella Pederiva Jana Zabova Iva Horcicova Jonathan Handyside Head of Government Affairs Head of HR Head of Capital Markets Group General Counsel Karel Komarek Robert Chvatal Pavel Saroch Katarina Kohlmayer â–ª Founder of KKCG â–ª CEO of Allwyn â–ª CIO of KKCG â–ª Group CFO of KKCG â–ª Founder of the Promìny â–ª Previous experience at T- â–ª Previous experience at â–ª Previous experience at Foundation Mobile, Procter & Gamble and Ballmaier & Schultz, Prague Morgan Stanley and Reckitt Benckiser Securities, ATLANTIK VTB Capital Chairman Executive Director Non-independent Director Non-independent Director Cliff Robbins Lord Sebastian Coe Roland Ruprecht â–ª Co-founder of Cohn Robbins â–ª President of World â–ª Member of EXPERTsuisse and â–ª 35+ years of Athletics Association of Lichtenstein investment experience â–ª Former member of Certified Accountants Future Boardof Directors â–ª Founder and former CEO of UK parliament â–ª Former partner at Ernst & Blue Harbour Group Young Cohn Robbins / Independent Director(1) Independent Director Independent Director 78 1) Expected to be considered independent under NYSE rules. Gary Cohn to assume role of Special Advisor to the Chairman

Valuation Framework 79

Transaction summary • NYSE-listed SPAC with $829mm1 cash in trust • Large, privately-owned multinational lottery business • Cash in trust supplemented by $353mm PIPE • Expected market cap for PubCoof ~$8.0 bn / ~€7.5bn ; represents entry multiple of 10.9x 2023E Adj. EBITDA of $876mm / €819mm3 • Founders Gary D. Cohn and Clifton S. Robbins (“Founders”) • 10.9x entry multiple is at a discount to core lottery peerThe Lottery Corporation4 • Intends to effect a business combination with Allwyn2 • Bonus pool of 6.6mm shares to be issued to non-redeeming SPAC shareholders, resulting in implied • Newly formed entity is expected to be listed on the entry multiple of ~10.0x to ~10.3x 5projected 2023E Adj. NYSE (“PubCo”) EBITDA • Expected pro forma net debt / 2023E Adj. EBITDA • Transaction announced January 21, 2022 and of ~1.8x 3 expected to close in Q3 2022 • Expected to further bolster Allwyn’s growth plans Note: Assumes no redemption from Cohn Robbins SPAC Trust; EUR:USD spot rate of 1.07 applied, sourced from CapIQ, as of 27-May-22 1) Cohn Robbins cash in trust as of 31-March-22. Subject to potential redemptions 2) Allwynrepresents the rebranded operations of AllwynAG, which is the entity that will be subject to the business combination 3) Based on management estimates (subject to material change); adj. net debt as of Dec-21A. Includes €322mm of convertible notes expected to be outstanding at transaction close, pro forma for OPAP stake increase from 41.2% to 48.2% since YE-21 and acquisition of Betanoin Q2-22. Excludes impact of expected free cash flow and a €170 mm one time dividend paid prior to closing in Q1-22 4)Based on market valuation for The Lottery Corporation as of 27-May-2022 80 5) Includes impact from expected bonus pools for non-redeeming Cohn Robbins shareholders and PIPE shareholders, with potential for up to combined incremental 9.4mm common shares to be issued. Bonus pool for PIPE and non-redeeming shareholders is variable based on number ofredemptions. Shares underlying CRHC warrants expected to be adjusted by the same ratio

Transaction sources and uses Sources Uses ($mm) (€mm) ($mm) (€mm) Cohn Robbins cash in trust1 829 774 Cash to PF company balance sheet 332 310 Common PIPE proceeds 353 330 Cash consideration to existing shareholders 750 701 Existing shareholders rollover 6,613 6,180 Existing shareholder rollover 6,613 6,180 Estimated fees and expenses 100 93 Total sources 7,794 7,284 Total uses 7,794 7,284 • All transaction proceeds (net of transaction expenses) will be paid out to existing shareholders if gross transaction proceeds are less than or equal to $850mm (the minimum cash requirement). If gross transaction proceeds exceed the minimum cash requirement, incremental transaction proceeds will be applied to the Company balance sheet until the primary proceeds amount is equal to 1/3 of the total transaction proceeds (net transaction expenses). Thereafter, transactionproceeds (net of transaction expenses) will be allocated on a pro rata basis 1/3 to primary proceeds, which will be applied to the Company balance sheet, and 2/3 to secondary proceeds, which will be distributed to Company shareholders 81 Note: 1. Cohn Robbins Assumes no redemptions cash in trust as from Cohn Robbins of 31-March-22 SPAC Trust and assumes $353m common PIPE proceeds; EUR:USD spot rate of 1.07 applied, sourced from CapIQ, as of 27-May-22

Pro forma valuation and transaction highlights PF Valuation at $10.00 / Share ($mm) (€mm) Illustrative share price 10.00 9.35 (x) PF shares outstanding 800.8 800.8 PF equity value 8,008 7,484 (+) Existing Adj. net debt (YE-21A)1 1,571 1,468 PF Total Enterprise Value (TEV) 9,579 8,952 At Deal—PF TEV / 2023E Adj. EBITDA 10.9x 10.9x PF TEV / 2023E Adj. EBITDA (SPAC / PIPE Investors)2 10.3x 10.3x Implied PF Adj. net debt / 2022E Adj. EBITDA 2.0x 2.0x Implied PF Adj. net debt / 2023E Adj. EBITDA 1.8x 1.8x Key transaction highlights Expected ~$9.6bn / ~€9.0bn Total Enterprise Value at deal – ~10.9x EV / 2023E Adj. EBITDA Expected ~$9.0bn / ~€8.4bn Total Enterprise Value on a discounted basis for SPAC / PIPE investors – ~10.3x EV / 2023E Adj. EBITDA2 Existing Allwyn shareholders expected to be awarded 30.0mm common shares subject to earn-out3 Expected pro forma ownership:2, 4 Existing Allwyn shareholders: 83% Cohn Robbins public shareholders: 11% PIPE shareholders: 5% Cohn Robbins sponsor: 1% KKCG, the majority shareholder of Allwyn, is expected to hold multiple-voting shares including customary sunset provisions The transaction is expected to close in Q3-22 Note: Assumes no redemptions from Cohn Robbins SPAC Trust and assumes $353mm common PIPE proceeds; EUR:USD spot rate of 1.07 applied, sourced from CapIQ, as of 27-May-22; Adj. net debt as of Dec-21A, includes €322mm of convertible notes expected to be outstanding at transaction close, pro forma for OPAP stake increaseand acquisition of Betanoin Q2-22. Excludes impact of expected free cash flow and a €170 mm one time dividend prior to closing. Forecastfinancials for Allwynare presented on 1) Includes a €322mm pro rata of basis convertible notes and sourced from management expected to be outstanding estimates at transaction (subject to material close change). Cohn Robbins cash in trust as of 31-March-22 2) Includes impact from expected bonus pools for non-redeeming Cohn Robbins shareholders and PIPE shareholders, with potential for up to combined incremental 9.4mm common shares to be issued. Bonus pool for PIPE and non-redeeming 3) shareholders 15.0mm of earnoutshares is variable based on to vest at $12.00 number share price and of redemptions. 15.0mm Shares underlying to vest at $14.00 CRHC warrants expected to be adjusted by the same ratio 82 4) Excludes impact from expected 30.0mm earnoutshares to existing Allwynshareholders and 26.5% Founder Share earnoutvesting at $12.00 / $14.00. Reflects 16% Founder Share forfeiture. Excludes Cohn Robbins SPAC public and private warrants

Deal rationale SPAC listing expected to provide Allwynwith a public currency and access to capital to accelerate growth / further consolidation in the fragmented global lottery market The US is the world’s largest lottery market1 and is dominated by state-run lotteries with potential for efficiency improvements A US listing has potential to provide significant strategic and operational value to Allwynand better position the company for opportunities as the US lottery market develops The Cohn Robbins founders have deep credibility in the US public markets and will become investors as part of the transaction with a shared value creation vision that will drive the Company’s growth plan 83 1) Sourced from H2GC

Allwyncompares favorably to primary lottery peers Strong NGR growth coupled with highest cash conversion among lottery comparables • Demonstrated ability to enter new geographies, most recently being chosen as preferred bidder in UK tender1 Key Allwyn Differentiators • Track-record of operational efficiency and improvements • 5 international markets in operation with a 6th in progress1 Multi-national Lottery Operator Single market lottery operators 2 3 19A-23E NGR 17.3% 5.0% 5.2%4 CAGR (%) 2023E Adj. EBITDA 45.1% 23.9% 21.0%5 margin (%) 19A-23E Adj. 18.2% 8.9% 9.3% EBITDA CAGR (%) Reflects UKNL up- 2023E cash front spend – 2021 66.2% 82.1% 82.5%6 conversion6 (%) Cash Conversion of 94.4% €19bn wagered Total addressable ~€19bn 2021A wagered with ~AU$7bn 2021A wagered with with 9.4% CAGR market mid-single digit CAGR growth projected mid-single digit CAGR projected7 growth projected Source: Note: All Company financials calendarized information, H2GC, Capital to Dec-YE unless IQ as of otherwise stated. 27-May-22 1) The award become the operator of the UKNL of license is currently the UKNL with effect being from contested February in a 2024 legal challenge. Unless the challenge is successful, AllwynEntertainment Ltd will be confirmed as the incoming UKNL operator and, subject to a successful period of transition, would 2) 3) Reflects valuation for Based on pro rata Allwynfinancials sourced The Lottery Corporation published by from management equity estimates (subject research broker in May-22, sourced to material change) from Refinitiv; calendarizeddue to TLC fiscal year ending 30-Jun 84 4) 5) Adj. Refers to revenue instead EBITDA margin calculated with respect of NGR, as NGR not to revenue applicable instead of NGR, as NGR not applicable Superior performance 6) 7) Defined Represents Australia as Adj. EBITDA lottery – capex / market Adj. EBITDA. For Tabcorp, represents all business segments, not just the Lottery and Keno segment

Comparable Company Analysis TEV / 2023E Adj. EBITDA Positive Tailwinds At deal3 Discounted4 Single Market Lottery Operator Diversified Gaming peers • Allwyn is one of the largest multi-market Represents illustrative lottery operators impact of UKNL tender1 17.2x • Historic growth has 13.1x outpaced peer comps 10.9x 10.3x 10.9x 9.4x • Further potential from 9.1x upside from shift to 8.5x digital and merger activity • 2023E EBITDA figure Allwyn Allwyn FLTR does not include (Including Bonus Shares) impact from the UKNL 2019-2023E Adj. EBITDA CAGR Tender1. 18.2% 18.2% • UKNL 2021A EBITDA of €165mm 10.7% Illustrative impact of UKNL 8.9% 9.3% Tender 7.0% Figures in €mm TEV: 8,952 EBITDA: 819 +1652 = 984 Illustrative Multiple: 9.1x Allwyn Allwyn FLTR-GB (Including Bonus Shares) Source: FactSet, Cap IQ, Company provided information, Wall Street research. Market data as of 27-May-22 CapIQ, as of 27-May-22 Note: EUR:USD spot rate of 1.07 applied, sourced from CapIQ, as of 27-May-22. 3) Based on pro rata Allwyn financials sourced from management estimates (subject to material change) and pro forma EV of € 9.0bn; does not 85 1) be The award of the UKNL license is currently being contested in a legal challenge. Unless the challenge is successful, Allwyn Entertainment Ltd will include the impact of expected bonus shares confirmed as the incoming UKNL operator and, subject to a successful period of transition, would become the operator of the UKNL with effect 4) Based on pro rata Allwyn financials sourced from management estimates (subject to material change) and pro forma EV of € 8.4bn; includes from February 2024. impact of expected bonus shares. Bonus pool for PIPE and non-redeeming shareholders is variable based on number of redemptions. Shares 2) Based on Camelot annual report for the year ended 31-Mar-21, c.£140mm EBITDA converted to € at spot rate of 1.18 EUR per GBP, sourced from underlying CRHC warrants expected to be adjusted by the same ratio

Summary of investment opportunity Leading lottery led entertainment platform Scaled business that is expected to generate $876mm / €819mm of 2023E EBITDA1 High operating barriers to entry Positioned to capitalize from continued shift to digital Attractive organic and inorganic growth opportunities with expected significant available balance sheet capacity Potential for substantial upside from UK / US opportunity Opportunities to invest at compelling transaction value relative to industry comps Expected bonus pools for non-redeeming Cohn Robbins shareholders, with potential for up to combined incremental 6.6mm common shares to be issued further reducing entry price2 Note: EUR:USD spot rate of 1.07 applied, sourced from CapIQ, as of 27-May-22. All financials calendarizedto Dec-YE 1) 2) Includes Based on impact management from expected estimates bonus (subject pools to for material non-redeeming change) Cohn Robbins shareholders and PIPE shareholders, with potential for up to combined incremental 9.4mm common shares to be issued. Bonus pool for PIPE and non-86 redeeming shareholders is variable based on number of redemptions. Shares underlying CRHC warrants expected to be adjusted bythe same ratio

Q&A

Appendix 88

Introduction to KKCG • KKCG owns 100% of the ordinary shares in AllwynAG • Multinational investment group specializing in long-term actively-managed investments, primarily in the form of controlling stakes • Investment strategies focus on businesses combining significant scale and cash flow generation with organic growth potential • Portfolio includes more than 30 businesses in 18 countries in the following four main pillars 1) entertainment; 2) technology; 3) oil, gas and chemicals; and 4) real estate Karel Komarek Founder and shareholder, KKCG Selected portfolio companies • Founded KKCG in 1992 • Visionary leader Oil,gasand Entertainment Technology Realestate • In charge of KKCG’s key strategic chemicals initiatives, including: – investments – government relations – long-term partnerships with investors and strategic business partners

Today’s presenters: Allwyn RobertChvatal Kenneth Morton Stepan Dlouhy Ales Vesely Natalie Alderson Chief Executive Officer Chief Financial Officer Chief Investment Officer CEO of Czech Operations Director • 26 years of total experience • 18 years of total experience • 18 years of total experience • 25 years of total experience • 13 years of total experience • 8 years with Allwyn • 3 years with Allwyn / KKCG • 9 years with Allwyn / KKCG • 9 years with Allwyn / Sazka • Responsible for originating a.s. and executing new • First Vice President of the • Appointed CFO of Allwyn in • Leads M&A and strategic investments for KKCG, Association of European February 2020 business development • Appointed as CEO of Sazka including the US expansion Lotteries; member of a.s in February 2021 of Allwyn Eurojackpot • Previously Head of • Led acquisition of CASAG, executive committee Corporate Finance at KKCG, LottoItalia, SuperSport, • Previously Deputy CEO and • Previously in Private Equity investment banker with Stoiximan, and co-led bid Chief Marketing Officer at and investment banking at • Previously worked at P&G Morgan Stanley and for UK National Lottery Sazka a.s First Reserve and UBS and Reckitt Benckiser Deutsche Bank before moving to T-Mobile • Previously worked at • Rice University as Chief Marketing Director Chayton Capital and Deloitte Advisory • Later appointed as CEO of T-Mobile Slovakia and T- Mobile Austria 90

Today’s presenters: Cohn Robbins Holdings Corp. Gary D. Cohn Clifton S. Robbins Co-Founder, CohnRobbins Co-Founder, CohnRobbins • Vice Chairman of IBM since January 2021 • 35+ years of investmentexperience • Assistant to POTUS for Economic Policy and Director of the National Economic • Founded Blue HarbourGroup in 2004; Chief Executive Officer from 2004-2020 Council: January 2017–April2018 • Previously Managing Member of General Atlantic Partners from2000-2004 • President, Chief Operating Officer and director of Goldman Sachs: 2006–2016 • KKR, 1987-2000, General Partner:played significant role in leveraged buyout • Additional Goldman Sachs leadership positions incl. Global Co-Head, Equities and transactions and financings and capital markets activities Fixed Income, Currency and Commodities; Chairman, FirmwideClient and Business • Began his career in the Mergers and Acquisitions department of Morgan Stanley StandardsCommittee • Board member: nanoPay, HoyosIntegrity, Infinite Arthroscopy, GroIntelligence, and Starling Trust Sciences; Chairman of the Board of Pallas Advisors • Serves on Systemic Resolution Advisory Committee (SRAC) of theFDIC

Regulatory Overview Austria and Italy Austria Italy Lotteries and iGaming Casino Licenses Sports Betting(1) Italian Concession Exclusive operator of lotteries and Exclusive concession to operate the 12 licenses for each of 12 land- Multiple licenses with individual Description iGaming (includes VTLs(2) and Italian Lotto and 10eLotto national based Austrian casinos(3) state authorities electronic lotteries) lottery games December 2027 – As per the terms Expiry September 2027 of the local November 2025 December 2030 License As per the terms Term 15 years 15 years of the local 9 years License 1) Sports betting is classified as a skill game in Austria and not subject to the provisions of the Austrian Gaming Act. ÖsterreichischeSportwettenGesellschaft m.b.H. (a subsidiary of Austrian Lotteries) holds licenses from all nine provinces in 2) The number Austria to operate sports of admissible VLTs betting, is which does limited to max. not fall 5000 under according the national to the Lottery gaming license. A minimum distance between VLT monopoly. Austrian Lotteries holds an onlinelicense for outlets as well sportsbettinggranted by as on the distance between VLT the province of outlets and Niederösterreich casinos is required 3) Casino licenses are issued following a public call for tender

Regulatory Overview Czech Republic Czech Republic Lottery and Gaming Internet Numerical and Technical Totalizator Game License Games License (a wide Odds Bet License Prompt Lotteries License(1) Live Games License Description (TOTO SAZKA) number of games and (operated on internet) (lotteries operated through (operated on internet) (operated at points of sales) roulettes operated on points of sales and internet) internet) Expiry 1998—2022 2018—2024 2021—2027 2021—2027 2020—2026 Granted in accordance with former legislation(3) (that Term(2) have since been substituted 6 years 6 years 6 years 6 years by new law in 2017), the license cannot be renewed 1) Sazkamobil sance was included under this license in February 2022. It was the last numerical lottery issued under the previously valid Act No. 202/1990 Coll. on lotteries and other similar games, as amended 93 2) The licenses issued under the Gaming Act No. 186/2016 Coll. may be granted for a period up to six (6) years and are then being renewed before the end of the period for which they were granted. However, the license holder does not have the automatic right for the renewal. Each applicant has to prove meeting certain criteria set out by the law and is subject to thorough review by the Ministry of Finance 3) Act No. 202/1990 Coll., on lotteries and other similar games, as amended

Regulatory Overview Greece and Cyprus Greece Cyprus Numerical Lotteries Instant and Sports Numerical and Sports Betting Passive Lotteries VTLs iGaming Horse Racing Forecasting, Lotteries Games Concession Betting Games Exclusive right Two separate Non-exclusive right through the Exclusive right to Exclusive right to License to operate Exclusive renewable to conduct horse December 2011 produce, operate, operate specific betting games – Class A license licenses – Type 1 races in Greece Addendum to the circulate, promote games of bookmaker’s license Description over the License and Type 2 Exclusive right to 2000 Concession and manage the chance on the (landbased betting) and operations of License (non– exclusive conduct in Greece agreement with the state lotteries in basis of the Class B bookmaker’s 25,000 VLTs right granted to OPAP & mutual betting on Hellenic Republic, as Greece Bilateral Treaty license (online betting) in force Stoiximan) horse races OPAP Sport’s Class A – May 2028 December 31, 2022 (OPAP) OPAP Sport’s Class B – Expiry October 2030 May 2026 January 2035 January 2036 (1) December 31, August 2028 2022 (Stoiximan) Stoiximan’s Class B – January 30, 2023 Term 20 + 10 years 12 years 18 years 7 years 20 years (1) n.a. Right of first refusal Type 1 License and Type for any other games 2 License were granted Other n.a. n.a. to OPAP on May 25, 2021 n.a. n.a. n.a. to be licensed by the and to Stoiximan on HGC May 28, 2021 (1) It is expected that the Bilateral Treaty will be replaced in the near future after the signing of a new concession agreement, at which time the operation of these games will be regulated by the National Betting Authority pursuant to the provisions of Law on Specific Games of Chance of 2018 (L.52(I)/2018), which came into force on June 94 13, 2018

Responsible gaming and compliance at the core of Allwynculture Greece and Austria Czech Republic Italy • Level 4 (highest) Cyprus accreditation by Lottery Association for the the World WLA Responsible Gaming Framework1 WLALevel4 accreditation ïïïï • Statement of Alignment (highest) Lotteries Responsibleas per the European Gaming Standards Adherenceto • representatives’ code ofAdheres to the EU interest Responsible GamingStandards ïïïï conduct byEuropean • Robust track record of Lotteries gaming meeting regulatory responsible obligations under licenses ISOandother ïïïï certifications • framework Responsible gaming includes employee training best-in-class customer and support, controls and limits 95 Source: 1) Granted to Company all information key Allwynlottery companies

Funding structure (consolidated, €m) €m Financing Book value as of 31-Dec-21 Allwyn International1 Syndicated bank facility 483 Includes €200m RCF 3 x Eurobond 799 1 x Local bond 242 Austria Bank facilities 123 Greece and Cyprus Bank facilities 847 Local bond 198 Other 2 96 1) Source: Includes Company loans and information. bonds issued by SAZKA Group Financing (Czech Republic) a.s. and SAZKA Group a.s Efficient funding structure Consolidated financial debt, as of 12/31/21 â–ª Diversified, efficient funding structure • Including bank loans from relationship banks across footprint, Eurobonds and local bonds • CZK local bond as natural hedge for Czech business â–ª Weighted average cost of debt of 3.3% • 66% fixed, 34% floating â–ª So far in 2022 raised EUR 600m of bonds to finance inorganic growth and repaid EUR 200m of bank debt in Greece and Cyprus [Graphic Appears Here]

Summary of adjustments to operating EBITDA 100% Basis (€m) Operating EBITDA 2019 2020 2021 Austria 211 147 232 Czech Republic 95 84 107 Greece and Cyprus 413 260 555 Italy 396 311 409 Corporate – SAZKA Group (27) (30) (14) Corporate – Allwyn – – (39) Adjustments to Operating EBITDA Austria – (4) (21) Czech Republic – (2) 4 Greece and Cyprus 1 66 23 Italy – – – Corporate – SAZKA Group 10 15 7 Corporate – Allwyn – – 16 Adjusted EBITDA Austria 211 143 211 Czech Republic 95 82 111 Greece and Cyprus 413 326 578 Italy 396 311 409 Corporate – SAZKA Group (17) (15) (7) Corporate – Allwyn – – (23) Operating EBITDA Adjustments Breakdown 2019 2020 2021 Austria adjustments Casino Linz insurance gain + restructuring non- – (4) (1) personnel costs Argentina arbitration gain – – (16) Other – – (5) Total Austria adjustments – (4) (21) Czech Republic adjustments Gain from cancellation of obligation to acquire entity – (2) – Charitable donation to support disaster relief and other – – 4 Total Czech Republic adjustments – (2) 4 Greece and Cyprus adjustments Hellenic Lotteries minimum gaming tax adjustment – 38 25 Litigation provision (16) 5 (1) COVID-19 related extraordinary costs – 10 (4) Other non-recurring costs and write-offs 17 13 3 Total Greece and Cyprus adjustments 1 66 23 Corporate adjustments – SAZKA Group Inorganic business development costs 10 15 20 Arbitration gain – – (13) Total Corporate adjustments – SAZKA Group 10 15 7 Corporate adjustments – Allwyn Inorganic business development costs — 16 Total Corporate adjustments – Allwyn — 16

98 Risk factors The risks presented below are certain of the general risks related to AllwynAG (or “Swiss NewCo,” following the closing of the Business Combination) (the “Company”) (the Company, together with its subsidiaries, joint ventures and associates, the “Group”), Cohn Robbins Holdings Corp. (“SPAC”) and the Proposed Business Combination between the Company and SPAC (the “Business Combination”) and such list is not exhaustive. The list below has been prepared solely for purposes of the Business Combinations, and solely for potential investors in the Business Combination, and not for any other purpose. You should carefully consider these risks and uncertainties, and should carry out your own diligence and consult with your own financial and legal advisors concerning the risks and suitability of suchan investment before making an investment decision. Risks relating to the business of the Company are included in the Form F-4 filed by the Company with the SEC on May 20, 2022. The risks presented in such filings are consistent with those that would be required for a public company in its SEC filings, including with respect to the business and securities of the Company and SPAC and the Business Combination, and may differ significantly from, and be moreextensive than, those presented below. Risks Related to the Group’s Industry and Business • Risks related to COVID-19 and related public health measures; • Risks related with the strict and ongoing regulation of the lottery and gaming industry; • Risks related to the maintenance of licenses and concessions in each jurisdiction, which may be dependent on shareholders also meeting specific regulatory requirements; • Risks related to the potential loss, modification, or challenges to Allwyn AG’s licenses and concession agreements; • Changes in tax regimes, tax audits, tax penalties, and special levies and fees; • Risks related to Allwyn AG’s potential inability to respond to future changes in technology; • Risks related to government actions, political events or other changes in the countries in which AllwynAG operates; • Risks related to the competitiveness of the gaming industry; • Risks related to the illegal lottery and gaming market and competitors whose legal status is unclear; • Inability to successfully obtain the expected benefits from existing or future strategic investments, partnerships and acquisitions; • Risks related to not wholly owning several of the entities that operate Allwyn AG’s businesses and that account for a substantial portion of its GGR; • Risks related to the use of a network of agents for product distribution; • Reliance on a low number of suppliers; • Allwyn AG’s business model depending upon the continued comparability between its platforms and the major mobile operating systems andupon third-party platforms for its product distribution; • Risks related to Allwyn AG’s business and third parties’ failure to maintain effective compliance procedures and policies; • Risks related to the negative perception and publicity about the lottery and gaming industry; • Technical failures and security breaches of operating systems and networks; • Risks related to pay-out fluctuations or betting outcomes; • Fluctuations in the timing and frequency of sporting events during the calendar year; • Inability to successfully maintain and enhance Allwyn AG’s brands; • Risks related to the name change and rebranding from SAZKA Entertainment to Allwyn; • Uncertainties about consumer preferences for lotteries and games; • Identification of a material weakness and a potential failure to maintain effective and proper internal controls; • Swiss NewCo’s Slovakian auditor is not currently subject to PCAOB inspection; • Uncertainties surrounding Allwyn AG’s online offerings; • Risks related to data leakage; • Risks related to work stoppages or other labordisputes; • Inability to attract, train or retain key management and qualified employees; • Taxation of unrealized foreign exchange gains; • Failure to maintain adequate insurance for Allwyn AG’s business activities; • Risks related to the breach of intellectual property rights; • Risks related to Allwyn AG’s substantial indebtedness; • Control exerted by the existing major shareholder of AllwynAG; • Risks related to additional tax liabilities; • Uncertainties surrounding Allwyn AG’s financial projections of AllwynAG and its subsidiaries; • Risks relating to Allwyn AG’s substantial indebtedness;

Risk factors (Continued) Risks Related to the Company’s Industry and Business • Risks relating to the conflict between Russia and Ukraine; • A potential adverse affect on Allwyn AG’s operations by ongoing developments in Russia, Ukraine and surrounding countries; • Unstable market and economic conditions are expected to have additional global consequences; • Swiss NewCois not guaranteed to become the next UKNL (as defined below) operator; and • Camelot’s (as defined below) recent results and past performance may not be indicative of Swiss NewCo’s future results and performance. Risks Relating to the Swiss NewCoShares • Lack of prior public trading of the Swiss NewCoClass B Shares; • Risks related to the Swiss NewCo Class B Shares not being listed in the Company’s home jurisdiction, and the resulting lack of shareholder protections under Swiss law; • KKCG’s voting control will limit or preclude the ability of other shareholders to influence corporate matters; • Risks related to the dual-class share structure depressing the Swiss NewCo Class B Shares’ trading price; • Compliance with gaming regulatory requirements by certain shareholders; • Risks related to the issuance of additional debt or equity securities and its resulting dilution of other shareholdings; • Shareholders may not have, or be entitled to exercise, preferential subscription rights in future equity offerings; • Risks related to shareholder’s rights and responsibilities under Swiss law, which will differ in some respects from the rights and obligations of shareholders under the laws of other jurisdictions; • Risks related to Allwyn AG’s reliance on its subsidiaries to make dividend payments and distributions; and • Exchange rate risk for shareholders or investors whose principal currency is not the euro. Risks Related to the Business Combination • Lack of operating or financial history; • Risks associated with the COVID-19 pandemic; • Inability of Cohn Robbins and AllwynAG to enter into certain transactions that might otherwise be beneficial to Cohn Robbins, AllwynAG or their respective shareholders during the pre-closing period; • Loss of key management personnel and other key employees; • Third-party delays; • Differences in voting for the Business Combination between the Cohn Robbins Sponsor LLC and Cohn Robbins’ shareholders; and • Waiving conditions to the Business Combination. Risks if the Adjournment Proposal is Not Approved • The Cohn Robbins Board will not have the ability to adjourn the extraordinary general meeting of shareholdersto, among other things, solicit further votes and the Business Combination will not be approved. Risks if the Business Combination is Not Consummated • Cohn Robbins would cease all operations except for the purpose of winding up; • You will not have any rights or interests in funds from the Cohn Robbins’ trust account (the “Trust Account”) except under limited circumstances; • Public shareholders of Cohn Robbins may not receive any redemption payments from the Trust Account until after September 11, 2022; • If the Business Combination is not consummated, apotential target may perceive leverage over Cohn Robbins in negotiating an initial business combination; and • Resources could be used to research acquisitions that are not completed and, if an initial business combination is not completed by September 11, 2022, Cohn Robbins’ public shareholders may receive only approximately $10.00 per share (or less than $10.00 per share in certain circumstances). 99

Risk factors (Continued) Risks Related to Cohn Robbins • There is no guarantee that a Cohn Robbins shareholder’s decision to redeem shares for a pro rata portion of the Trust Account will put such shareholder in a better future economic position; • If a Cohn Robbins shareholder fails to comply with the redemption requirements specified herein, they will not be entitled toredeem their Cohn Robbins public shares; • If you or a “group” of shareholders of which you are a part are deemed to hold an aggregate of 15% of the public shares, you will lose the ability to redeem all such shares in excess of 15% of the Cohn Robbins public shares; • The Cohn Robbins Initial Shareholders and Cohn Robbins’ officers and directors have interests that are different, or in addition to, the interests of Cohn Robbins’ shareholders and a conflict of interest may have existed in determining whether the Business Combination is appropriate; • Certain Cohn Robbins shareholders and Cohn Robbins’ officers and directors agreed to vote in favorof the Business Combination; • Cohn Robbins Sponsor LLC or any of Cohn Robbins’ directors, officers or advisors may elect to purchase Cohn Robbins stock or public warrants prior to the consummation of the Business Combination; • Cohn Robbins’ public warrants and private placement warrantsare accounted for as liabilities; • Cohn Robbins has identified a material weakness in its internal controls over financial reporting; • Cohn Robbins (and Swiss NewCo, following the Business Combination) may face litigation and other risks as a result of the material weakness in Cohn Robbins’ internal controls over financial reporting; • Each of Cohn Robbins and AllwynAG will incur significant transaction and transition costs in connection with the Business Combination; • The exercise of redemption rights with respect to a large number of Cohn Robbins public shares could increase the probabilitythat the Business Combination would be unsuccessful; • Cohn Robbins’ public shareholders will experience immediate dilution in the Business Combination; • A third-party valuation was not obtained in determining whether or not to pursue the Business Combination; • Founders holding certain shares control the election of the Cohn Robbins Board until the consummation of a business combination; • Cohn Robbins’ discretion in agreeing to changes or waivers in the Business Combination Agreement may result in a conflict of interest; • Subsequent to consummation of the Business Combination, Swiss NewComay be exposed to unknown or contingent liabilities; • Investors will not have the same benefits as an investor in an underwritten public offering; • The Trust Account could be reduced in the event third parties bring claims against Cohn Robbins; • The Cohn Robbins Board may decide not to enforce the indemnification obligations of Cohn Robbins Sponsor LLC; • Risks relating to a winding-up or bankruptcy or insolvency position; • Cohn Robbins shareholders may be held liable for claims by third parties against Cohn Robbins; • Risks relating to Cohn Robbins’ status as incorporated under the laws of the Cayman Islands and • A provision in Cohn Robbins’ warrant agreement may make it more difficult for Cohn Robbins to consummate the Business Combination. Risks Related to the Redemption of Cohn Robbins Class A Shares • As the number of redemptions of Cohn Robbins shares increase, the implied value of Swiss NewCo shares ultimately issuable to Cohn Robbins’ shareholders will also increase; and • Cohn Robbins has a minimum cash condition, which may make it more difficult for Cohn Robbins to complete the Business Combination. 100