SEG Placement Oversubscribed

• Oversubscribed placement with A$14.6 million commitments
• Supported by existing and new investors
• Funds to finance MediaWorks acquisition

Sports Entertainment Group Limited (SEG) has successfully completed an oversubscribed placement, raising approximately A$14.6 million. The placement, which was supported by both existing shareholders and new institutional and professional investors, will contribute to SEG's acquisition of MediaWorks, creating a leading trans-Tasman audio and digital platform. The acquisition is expected to result in a combined weekly audience of over 5 million people. SEG also plans to offer a non-underwritten Share Purchase Plan to eligible shareholders to raise up to A$2 million.

Proceeds from placement to fund MediaWorks acquisition, expected EPS accretion of ~68% on pro forma FY26 basis.

The acquisition of MediaWorks is expected to create significant growth opportunities for SEG, with a clear pathway to further growth and improved financial metrics.