Mr. Doug Pollard reports

THE COLORADO LOTTERY PUBLISHES NOTICE OF INTENT TO AWARD POLLARD BANKNOTE AS THE APPARENT SUCCESSFUL VENDOR FOR LOTTERY DIGITAL SOLUTION CONTRACT

The Colorado Lottery has published a notice of intent to award Pollard Banknote Ltd. as the apparent successful vendor for the lottery digital solution contract following a competitive procurement process. The comprehensive program encompasses an i-lottery platform, website and mobile application, player loyalty and rewards, marketing programs, and games. The award is subject to the protest period (reference paragraph 24-109-102, C.R.S., as amended, and procurement rule R-24-109-102-01, et seq.) and the completion of a standard background investigation and execution of the formal contract.

"We are honoured that the Colorado Lottery has entrusted us with this opportunity," said Doug Pollard, co-chief executive officer of 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 around the world. Pollard Banknote empowers its customers to maximize success through innovative offerings, strategic marketing, portfolio management, analytics, and end-to-end warehousing and logistics services. Pollard Banknote 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. Pollard Banknote's Schafer Retail Solutions Plus portfolio delivers impactful retail ticket merchandising and in-lane options. Pollard Banknote's player-facing digital suite includes apps, websites, loyalty programs and the transformative Pollard Catalyst gaming platform that powers Pollard Banknote's 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 (symbol: PBL).

We seek Safe Harbor.