(Changes in Disclosed Matter) Notice of Change in Expected Closing Schedule for the Acquisition of GAN Limited

SEGA SAMMY HOLDINGS INC. (the “Company”) and SEGA SAMMY CREATION INC. (“SSC”), a subsidiary of the Company, announced the acquisition of GAN Limited (“GAN”), a Nasdaq listed and Bermuda organized company, on November 8, 2023 in “SEGA SAMMY CREATION to Acquire GAN Limited ~ Establishing a Gaming Business ~”. This time, we would like to notify that expected closing schedule for this acquisition has been changed.

1. Reason for the change of the closing schedule of the acquisition

The completion of the acquisition is subject to receipt of certain regulatory approvals in jurisdictions and the satisfaction of other general preconditions. Although the gaming regulatory officials in some jurisdictions have approved the acquisition, the approvals in a select number of other jurisdictions are still pending and are taking longer than we initially expected. This change of the closing schedule was agreed with GAN and there will be no changes to the details of this acquisition other than the closing schedule.

2. Future Schedule
The expected closing schedule for the acquisition is revised as follows:
(Before change): Third to fourth quarter of the Company’s fiscal year ending March 2025
(After change): During the first quarter of the Company’s fiscal year ending March 2026 (Plan)

3. Future Outlook
The impact of this matter on the Company’s consolidated financial results for the fiscal year ending March 2025 is minimal. We will announce the impact on financial results after the completion of the acquisition planned on fiscal year ending March 2026 at an appropriate timing, after the completion of the acquisition process.

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