CORVEX STATEMENT ON ENTAIN PLC

USA - English

• USA - English

NEW YORK, Dec. 14, 2023 /PRNewswire/ -- Corvex Management LP ("Corvex") today announced that funds affiliated with Corvex recently acquired approximately 28 million shares¹ of Entain PLC (LSE: ENT) ("Entain" or the "Company"), representing approximately 4.4% of the total shares outstanding.

Corvex issued the following statement regarding its investment:

"We believe Entain is at a critical juncture and can benefit from the constructive engagement of a well-informed shareholder with substantial industry and company-specific experience and expertise.

While the Company's recent management change was a necessary first step, further change is required. Simply put, Entain's recent performance has been unacceptable and all options must be considered to drive value.

We intend to immediately engage with Chairman Barry Gibson and Interim CEO Stella David to be a helpful force for change."

^{1) Shareholdings represent shares and delta one swaps}

SOURCE Corvex Management LP