Mr. Doug Pollard reports

POLLARD BANKNOTE ANNOUNCES NOTICE OF INTENT FROM LOTERIE NATIONALE (BELGIUM) TO AWARD A CONTRACT FOR GAMING PLATFORM

Loterie Nationale (the National Lottery of Belgium) has selected Pollard Banknote Ltd. as its gaming platform provider and has formally communicated its notice of intent to award a contract to Pollard Banknote. Following a competitive procurement process, Pollard Banknote's response was determined to be the most economically advantageous. The contract is for 12 years and has an estimated value of 177 million euros ($289-million using an exchange rate of $1.63 (Canadian) per euro). The formal award of the contract is subject to a mandatory 15-day standstill (protest) period pursuant to Belgian procurement law.

The gaming platform is a full end-to-end solution supporting both retail and i-lottery channels. Key components include a central gaming system for draw-based games, management of e-instant games, player engagement technology as well as an instant ticket management system for warehousing and distribution.

"We are honoured that Loterie Nationale has entrusted us with this opportunity and excited to expand our long-standing instant ticket supply relationship with them into the digital realm," said Doug Pollard, co-chief executive officer, Pollard Banknote.

About Pollard Banknote Ltd.

Pollard Banknote is a partner of choice to responsibly drive revenues for good causes both at retail and through digital channels for lotteries and charitable gaming markets worldwide. The company empowers its customers to maximize success through innovative offerings, strategic marketing, portfolio management, analytics, and end-to-end warehousing and logistics services. It offers an extensive high performing gaming lineup, including instant tickets, pull-tab tickets and vending machines, the full range of paper and electronic bingo products, and cutting-edge electronic pull-tab gaming solutions. The company's Schafer Retail Solutions + portfolio delivers impactful retail ticket merchandising and in-lane options. The company's player-facing digital suite includes apps, websites, loyalty programs and the transformative Pollard Catalyst gaming platform that powers its turnkey i-lottery program. Established in 1907, Pollard Banknote is owned approximately 64 per cent by the Pollard family and 36 per cent by public shareholders, and is publicly traded on the Toronto Stock Exchange (TSX: PBL).

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