The directors present the strategic report and financial statements for the year ended 31 December 2024.

During the year, the Company ceased to trade and on 1st July 2024 novated the remaining balances on all borrowings from and loans to Companies in the Intralot Group. The balance of the novation was distributed from reserves to the shareholders.

At the year end the Company was owed €nil (2023: €396.28m) by group and associated companies.

No final decision has yet been made on whether to close the Company and the financial statements have been prepared on a basis other than going concern.

The key business risk is considered to be the fact that the Group as a whole is exposed to the deterioration of

the worldwide economy, which could potentially have a negative impact on the overall performance of the Group.

The directors plan to mitigate these risks by continued monitoring of the Group performance and both the Greek

and global market conditions as they impact the Group.

The Company is aware of the need to manage carefully its exposure to foreign currency risk, interest rate risk,

credit risk and liquidity risk. It adopts conservative policies to minimise and monitor these risks. The key risk of

non-repayment from fellow subsidiaries is managed by continued monitoring of the Group performance and

market conditions as they impact the Group. The following are the Company’s consideration of its significant

risks.

The Company does not have significant credit risk concentration because it mostly only lends to other Group companies and all loans are guaranteed by its parent, Intralot SA. The maximum exposure of credit risk amounts to the aggregate values presented in the balance sheet. In order to minimize the potential credit risk exposure arising from cash and cash equivalents, the Company sets limits regarding the amount of credit exposure to any financial institution and deals with well established financial institutions of high credit standing. There are no financial assets that are past due or impaired.

The Company's interest rate risk arises from borrowings and loans to other Group companies. Loans to other

Group companies include a condition to retrospectively amend rates if the cost of borrowing changes. For this

reason, if interest rates had been 50 basis points higher/lower and all other variables were held constant profit/

(loss) for the year would not have been significantly different.

The Company's objectives when managing capital are to safeguard the Company's ability to continue as a going

concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an

optimal capital structure to reduce the cost of capital. The capital structure of the Company consists of net debt

(borrowings as detailed in note 11 offset by cash and bank balances) and equity (comprising issued capital,

reserves and retained earnings). Capital management requirements are imposed by its parent, Intralot SA. and

the group manages liquidity risk by regularly forecasting future cashflows to ensure sufficient funding.

Funding available €nil (2023: €528.27m)

Funding utilised €nil (2023: €359.25m)

Income as a percentage of funding utilised nil% (2023: 10.30%)

Costs as a percentage of funding utilised nil% (2023: 9.78%)

In accordance with section 172(1)(a) to (f) of the Companies Act 2006, the directors provide this statement to describe how they have engaged with the key stakeholders when performing their duties, to promote the success of the Company.

The Companies stakeholders consist of members of the Intralot Group and the consideration of these stakeholders is key when making business decisions. The Company therefore carries out it's activities in order to assist in the development of the Group.

On behalf of the board

The directors present their annual report and financial statements for the year ended 31 December 2024.

The principal activities of the Company were that of raising finance and providing loans to Companies in the Intralot Group to enable the Group to develop its overall business activities. The Company ceased to trade during the year.

The results for the year are set out on page 7.

Ordinary dividends were paid via the novation of loan balances amounting to €18,482,570. The directors do not recommend payment of a final dividend. (2023:€nil)

The directors' interests in the shares of the Company were as stated below:

The Company's current policy concerning the payment of trade creditors is to follow the CBI's Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1DU).

The Company's current policy concerning the payment of trade creditors is to:

• settle the terms of payment with suppliers when agreeing the terms of each transaction;

• ensure that suppliers are made aware of the terms of payment by inclusion of the relevant terms in contracts; and

• pay in accordance with the company's contractual and other legal obligations.

The risk management objectives and policies of the Company in relation to the use of financial instruments can be found in the Strategic report.

The auditor, Dux Advisory Limited, is deemed to be reappointed under section 487(2) of the Companies Act 2006.

As the Company has not consumed more than 40,000 kWh of energy in this reporting period, it qualifies as a low

energy user under these regulations and is not required to report on its emissions, energy consumption or

energy efficiency activities.

The directors are responsible for preparing the financial statements in accordance with applicable law and International Financial Reporting Standards (IFRS) as adopted by the European Union.

Company law requires the directors to prepare financial statements for each financial year. The financial statements are required by law to give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing those financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and estimates that are reasonable and prudent;

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Company has chosen in accordance with Companies Act 2006, s. 414C(11) to set out in the Company's

Strategic report information required to be contained in the directors' report. It has done so in respect of review of

the business and future developments and key performance indicators.

Each director in office at the date of approval of this annual report confirms that:

• so far as the director is aware, there is no relevant audit information of which the Company's auditor is unaware, and

• the director has taken all the steps that he / she ought to have taken as a director in order to make himself / herself aware of any relevant audit information and to establish that the Company's auditor is aware of that information.

This confirmation is given and should be interpreted in accordance with the provisions of section 418 of the Companies Act 2006.

We have audited the financial statements of Intralot Finance UK Ltd (the 'company') for the year ended 31 December 2024 which comprise the statement of comprehensive income, the statement of financial position, the statement of changes in equity, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and UK adopted international accounting standards.

In our opinion the financial statements:

• give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the year then ended;

• have been properly prepared in accordance with UK adopted international accounting standards; and

• have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

• the information given in the strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

• the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

• adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

• the financial statements are not in agreement with the accounting records and returns; or

• certain disclosures of directors' remuneration specified by law are not made; or

• we have not received all the information and explanations we require for our audit.

As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

• Identifying and assessing the controls management has in place to prevent and detect fraud;

• Understanding how those charged with governance considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process;

• Challenging assumptions and judgments made by management in its significant accounting estimates and judgments;

• Identifying and testing journal entries, in particular journal entries posted with unusual account combinations; and

• Assessing the extent of compliance with the relevant laws and regulations.

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations are from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusions.

A further description of our responsibilities is available on the Financial Reporting Council's website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Intralot Finance UK Ltd is a private company limited by shares incorporated in England and Wales. The registered office is First Floor Sheraton House, Lower Road, Chorleywood, Hertfordshire, United Kingdom, WD3 5LH. The Company's principal activities and nature of its operations are disclosed in the directors' report.

The financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS) as endorsed by the European Union, IFRIC interpretations and with those parts of the Companies Act 2006 applicable to companies reporting under IFRS. The principal accounting policies are set out below. There are no new mandatory or recommended standards not yet adopted that would have significant impact on these financial statements.

The main purpose of the Company is to provide finance to other Companies in the Intralot Group and it istrue supported in this function by its parent, Intralot SA, a company incorporated in Greece and listed on the Athens Stock Exchange.

During the year there was a restructuring of the Intralot Group resulting in the payment of some loans and transferring the remaining Group loan debtors and creditors to other Group entities with the final receivables balance of €18,482,570 being assigned by way of a dividend distribution to its parent company, Intralot Global Holdings BV.

Although there has not yet been a final decision on whether to close the Company, the directors have concluded that the Company can no longer be considered a going concern and the financial statements have been prepared on a basis other than going concern.

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured.

Finance revenue

Finance revenue is recognised as interest accrues based on a time-proportion basis using the effective interest method. The effective interest method is the rate that exactly discounts estimated future cash receipts through the expected life of the financial instrument to the net carrying amount of the financial asset.

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short-term deposits with an original maturity of three months or less.

Loans and receivables comprise loans and related transaction costs to mostly Group Companies and are recognised under the contracts entered into from the drawdown date of the loan. They are initially measured at fair value, being the amount for which the financial asset could be exchanged between knowledgeable, willing parties. After initial recognition financial assets comprising loans and receivables are measured at amortised cost using the effective interest method. The effective interest method is a method of calculating the amortised cost of a financial asset and of allocating interest income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts (including transaction costs) through the expected life of the financial asset, or, where appropriate, a shorter period.

Held-to maturity investments are non-derivative financial assets with fixed or determinable payments and fixed maturity dates that the Company has the positive intent and ability to hold to maturity. Subsequent to initial recognition, held-to-maturity investments are measured at amortised cost using the effective interest method less any impairment.

Financial assets carried at amortised cost and FVOCI are assessed for indicators of impairment at each reporting end date.

The expected credit losses associated with these assets are estimated on a forward-looking basis. A broad range of information is considered when assessing credit risk and measuring expected credit losses, including past events, current conditions, and reasonable and supportable forecasts that affect the expected collectability of the future cash flows of the instrument.

For trade receivables, the simplified approach permitted by IFRS 9 is applied, which requires expected lifetime losses to be recognised from initial recognition of the receivables.

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

Financial liabilities comprise loans and related transaction costs from financial organisations and from Group Companies and are recognised under the contracts entered into from the drawdown date of the loan. They are classified as 'borrowings' and are initially measured at fair value, being the amount for which the financial liability could be settled between knowledgeable, willing parties. After initial recognition financial liabilities comprising borrowings are measured at amortised cost using the effective interest method. The effective interest method is a method of calculating the amortised cost of a financial liability and of allocating interest payable over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash payments (including transaction costs) through the expected life of the financial liability, or, where appropriate, a shorter period.

Financial assets and financial liabilities are derecognised when the obligation specified is discharged, cancelled or expires. This will occur on maturity or earlier repayment.

Equity instruments issued by the Company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to fair value at each reporting end date. The resulting gain or loss is recognised in the statement of comprehensive income immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in the statement of comprehensive income depends on the nature of the hedge relationship.

A derivative with a positive fair value is recognised as a financial asset, whereas a derivative with a negative fair value is recognised as a financial liability. A derivative is presented as a non-current asset or liability if the remaining maturity of the instrument is more than 12 months and it is not expected to be realised or settled within 12 months. Other derivatives are classified as current.

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax is based on taxable profit for the year. Taxable profit differs from net profit as reported in the statement of comprehensive income because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the statement of financial position date.

Deferred income tax is recognised, using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Deferred income tax is not accounted for if it arises from initial recognition of an asset or liability in a transaction other than a business combination that at the time of the transaction affects neither accounting nor taxable profit or loss. Deferred income tax is determined using tax rates (and laws) that have been enacted or substantively enacted by the statement of financial position date and are expected to apply when the related deferred income tax asset is realised or the deferred income tax liability is settled.

The Company financial statements are presented in euros, which is the Company's functional and presentational currency.

Transactions in foreign currencies are recorded at the functional currency rates of exchange prevailing at that date. Any gain or loss arising from a change in exchange rate subsequent to the date of the transaction is included as an exchange gain or loss in the statement of comprehensive income. The exchange rate at the period end was £1 : €1.199 (2023: €1.151).

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below.

Expected credit losses

The company establishes an expected credit loss for trade receivables that are estimated not to be recoverable. When assessing recoverability, the directors have considered such factors as the aging of the trade receivable, past experience of recoverability, and the credit profile of the companies as appropriate.

The average monthly number of persons (including directors) employed by the Company during the year was:

Interest receivable from loans to Group and other Companies within the Eurozone is calculated at rates between 6.65% and 9.84%. Interest receivable from loans to Group Companies outside the Eurozone is calculated at 9.84%.

Bank interest receivable is based on variable rates achievable as the Company places excess funds on deposit.

Interest on amounts payable to Group Companies is charged at 6.22% per annum.

From 1 April 2023 the corporation tax rate increased from 19% to 25% resulting in an effective tax rate in 2023 of 23.52%.

Factors affecting the tax charge for the year

The directors consider that the carrying amounts of financial assets carried at amortised cost in the financial statements approximate to their fair values.

As noted in the strategic report, all loans were cleared by novation in the year.

Available-for sale assets carried at fair value related to the holding of shares in Attica Bank SA. The cost of shares held was €996,982 and the loss on revaluation was shown in the revaluation reserve. The shares were disposed during the year at nil value and the revaluation reserve was transferred to retained earnings.

As noted in the strategic report, all loans were cleared by novation during the year.

During the year transactions took place between the Company, its ultimate parent undertaking, its immediate parent undertaking and fellow subsidiaries.

Aggregated transactions with related parties were loan interest and other finance charges receivable of €4,530,757 (2023: €36,944,653) and loan interest and other finance charges payable of €4,192,796 (2023: €34,708,995). The amount due from the ultimate parent company, Intralot SA, at the balance sheet date was €nil (2023: €154,708,934) being bond loans of €nil (2023: €117,301,088), and €nil (2023: €37,407,846) accrued interest and other finance charges receivable. A balance of €nil (2023: €9,487,163) was due to Intralot SA at the balance sheet date.

Loan and other balances totalling €nil (2023: €369,306,678) were due to fellow subsidiaries at the balance sheet date.

Additional loans of €nil (2023: €nil) were provided to related parties, €185,425,030 (2023: €107,789,891) was repaid; €22,127,390 (2023: €16,484,171) of unpaid interest was added to the loan principals; and €nil (2023: €476,108) was transferred between Group companies. The amount due from fellow subsidiaries at the balance sheet date was €nil (2023: €241,586,546) including €nil (2023: €23,330,068) of accrued interest and other finance charges receivable.

The immediate parent company is Intralot Global Holdings B.V., a company incorporated in the Netherlands. The ultimate parent company is Intralot SA, a company incorporated in Greece. Intralot SA prepare consolidated accounts for the Group and its registered office is 19 km, Markopoulou Ave., 19 002 Peania - Attica, Greece. These consolidated accounts are available at the Ministry of Commerce in Greece.