• LNW to extend share repurchase program to include buy-back of ASX-listed CDIs
• Buyback to commence on 7 November 2025
• Remaining capacity under program around US$705 million as of 5 November 2025

Light & Wonder Inc (LNW) intends to extend the share repurchase program of LNW's outstanding common stock (Share Repurchase Program) currently authorized and ongoing to include buy-back of LNW's CHESS Depositary Interests (CDIs) on the Australian Securities Exchange (ASX) from 7 November 2025. The Share Repurchase Program was first announced on 11 June 2024 and is authorized until 12 June 2027. The program was upsized on 31 July 2025 from US$1 billion to US$1.5 billion. Repurchases under the program of Nasdaq-listed shares of common stock are expected to continue until LNW delists from the Nasdaq, which is currently expected to occur on 13 November 2025. LNW intends to extend the Share Repurchase Program to include a buy-back of CDIs listed on the ASX commencing on 7 November 2025. The total capacity remaining under the Share Repurchase Program for both Shares and ASX-listed CDIs as at the end of trading on the Nasdaq on 5 November 2025 was approximately US$705 million. LNW expects to utilize a meaningful share of the remaining available capacity prior to the end of 2025 across both the Nasdaq and ASX. The timing and amount of Shares and CDIs bought back under the Share Repurchase Program will be determined by LNW from time to time at its discretion based on its evaluation of market conditions, share price, and other factors. Subject to capacity remaining under the Share Repurchase Program, LNW intends to continue the buy-back of ASX-listed CDIs after it delists from the Nasdaq and converts to an ASX standard listing.