Pricing of an offering of Senior Secured Notes

Evoke (LSE: EVOK), one of the world's leading betting and gaming companies with internationally renowned brands including William Hill, 888 and Mr Green, today announces the successful pricing of an offering by 888 Acquisitions Limited (the "Issuer"), a wholly-owned subsidiary of the Company, of €600,000,000 8.000% senior secured notes due 2031 (the "Notes"). The Notes are expected to be issued on September 24, 2025.

New Revolving Credit Facility

In addition, the Company has entered into a new multicurrency revolving credit facility in aggregate principal amount of £200,000,000 established under the Senior Facilities Agreement (as defined below) to replace its existing revolving credit facilities.

Use of proceeds

The Company expects to use the proceeds of the Offering, together with drawings under the New Revolving Credit Facility, to redeem in full the €582 million 7.558% Senior Secured Fixed Rate Notes due 2027 and refinance amounts drawn under the £200 million (equivalent) existing senior secured multicurrency revolving credit facility made available to the Issuer pursuant to a senior facilities agreement dated 29 June 2022 (as amended and restated on 19 July 2022) (the "Senior Facilities Agreement") as well as to pay transaction fees and expenses.

Impact on Group financing

As a result of these refinancing actions, the Group currently expects:

• Cash interest costs to reduce by c.£5m on an annualised basis. This reflects both the interest rate differential and expected savings on hedging arrangements;
• An extension of the maturity profile, including with regards to the revolving credit facility, with no significant maturities before 2028;
• A marginal increase in net debt of approximately £17 million on completion, reflecting the additional debt taken on to fund the transaction costs, with leverage broadly neutral; and
• An improved currency mix of debt to more closely align with the Group's cash generation.

Per Widerström, CEO of evoke, commented:

"I am pleased that we have secured a new revolving credit facility and debt refinancing, reducing interest costs and removing any significant debt maturities before 2028. The positive interest in the Offering is testament to the Group's strengthened performance, strategic progress and return to growth following the reset of our operating model and new value creation plan announced last year.

We remain resolutely focused on executing our plans, deleveraging, and creating value for all stakeholders."

A copy of this announcement will shortly be available at https://www.evokeplc.com/.