Meridian Holdings Inc. · NASDAQ:MRDN

Meridian — Golden Matrix Group — Merger or Acquisition (February 2023)

14 slides from Meridian's merger presentation, Feb 7, 2023

1. Slide 1: Financing Presentation: GMGI | MeridianBet Acquisition

   February 2023 GMG | meridian GOLDEN Matra croup | Sports Betting & Gaming in Developing Markets Financing Presentation GMGI | MeridianBet Acquisition

2. Slide 2: Disclaimers

   Disclaimers ‘Non-GAAP Financial Measures Adjusted EBITDA, which is disclosed above, is a “non-GAAP financial measure” presented as a supplemental measure of the Golden Matrix Group, Inc.’s (the “Company”, “GMGI", “we' or “us”) performance. Adjusted EBITDA is not presented in accordance with accounti

3. Slide 3: Disclaimers (Continued)

   Disclaimers (Continued) the outcome of any legal proceedings that may be instituted against Purchase Agreement Parties or their respective directors or officers; the ability to obtain regulatory and other approvals and meet other closing conditions to the Purchase Agreement on a timely basis or at a

4. Slide 4: Disclaimers (Continued)

   Disclaimers (Continued) Other important factors that may cause actual results and outcomes to differ materially from those contained in the forward-looking statements included in this commmnication are described in GMGT's publicly filed reports, including. but not limited to, under the "Special Note

5. Slide 5: Disclaimers (Continued)

   Disclaimers (Continued) Additional Information and Where to Find It ‘This commmmication does not constitute a solicitation of any vote, proxy of approval in connection with the Purchase Agreement or related transactions. In connection with the ‘transactions contemplated by the Purchase Agreement, GM

6. Slide 6: Empowering a Global Omnichannel iGaming Operator

   Empowering a Global Omnichannel iGaming Operator ess & Transaction Overview Transaction Summary —— Golden Matrix Group, Inc. (NASDAQ: GMGI) has agreed to acquire MeridianBet Group for a purchase price of ~$3 (Announced January 12, 20: Acquisition will be financed by a combination of -$50mm of new ac

7. Slide 7: Expected Pro Forma Combined Company Highlights

   Expected Pro Forma Combined Company Highlights Combined company expected to be a leading proprietary technology and gaming platform with scalability and flexibility creating an inherently high-margin, asset light business model Increased competitive moat supporting over 650 34 party casino brands, o

8. Slide 8: Significant and Growing Market

   Significant and Growing Market Industry Overview Estimated Global Gaming Market Size By Type — Total — Sports Betting —= —=Casino / Gaming — $279bn $144bn $135bn TAM en 8% 1% 3% cAGR (21-28) Gaming Market Penetration By Channel Computer/iTv lyse Report by Type, arco: rowth, Size, Te 3 ampettive Anal

9. Slide 9: Transaction Overview

   Transaction Overview Transaction Summary (NASDAQ: GMGI) has agreed to acquire MeridianBet Group for a purchase price of approximately $300mm subj ing conditions, including regulatory approvals + The transaction will be funded vi + Golden Matrix G to ful and various oth stock and cash including: 2 ~$

10. Slide 10: Expected Indicative Transaction Timeline

    Expected Indicative Transaction Timeline VDR to include regulatory, licensing, gaming, financial and other du erials for investors yence mat February 6" - February = Arranger led initial discussions with potential lenders / February 2023 investors Investors may | Third party due | begranted diligenc

11. Slide 11: Organizational Chart

    Organizational Chart Current Structure Pro-forma Structure Matric Group, Ine Golden Matrix wv Expected highly profitable and cashflow positive CombineCo with enhanced Globally licensed operator in 15+ jurisdictions with leading marketshare buying power Diversified true omnichannel offering with onli

12. Slide 12: Management Overview

    Management Overview both GMGI and MeridianBet will continue to operate under their respe Following acquisition clos ive brands. GMGI's board will remain in place with one additional MeridianBet board member joining the | board. meridian 2 @ ® Brian Goodman CEO = Founder of GMGI Omar Jimenez CFO Join

13. Slide 13: Appendix

    Appendix

14. Slide 14: Reconciliation of Net Income to Adjusted EBITDA

    Reconciliation of Net Income Attributable to Golden Matrix Group, Inc., to Adjusted Earnings Excluding Interest Expense, Interest Income, Tax, Depreciation Expense, Amortization Expense and Stock-based Compensation Expense (Unaudited) Twelve Months Period Ended ($000s) October 31, 2022 October 31, 2

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