$4.3m in Firm Commitments Received for Private Placement

Highlights

• Binding commitments received to raise $4.3m via the issue of ~57.3m ordinary shares at $0.075 per share

• Strong support from new and existing shareholders, including a number of institutional investors

• Included in the total raised is a $300,000 commitment by CEO Tom Lapping, subject to shareholder approval

• Following completion, SportsHero will be well funded to accelerate the rollout of HeroPlay through its established distribution channels across SE Asia

SportsHero Limited (‘SportsHero’ or the ‘Company’), an integrated digital gaming and e-Sports business focused in the South East Asia market, is pleased to advise it has received firm commitments to raise $4.3 million through the issuance of ~ 57.3 million new fully paid ordinary shares in the Company (‘Shares’) at $0.075 per Share (‘Offer Price’), via a Share placement (‘Placement’) to sophisticated and professional investors.

In a strong endorsement of the Company’s strategy and early traction rolling out the HeroPlay product across SE Asia, SportsHero’s CEO Tom Lappin, has committed to invest $300,000 in the placement, subject to shareholder approval.