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Allwyn Entertainment and Cohn Robbins Holdings Corp. Announce Validity of Registration Statement and EGM Approval of Proposed Business Combination

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——The board of directors of CRRC recommends all shareholders of CRRC to vote “in favor” on this business combination and related plans——

– Shareholders of record as of CRHC August 15, 2022 To be eligible to vote at the EGM –

Lucerne, Switzerland and Wilmington, Delaware, August 19, 2022 /PRNewswire/ — Leading multinational lottery operators Allwyn Entertainment AG (“Allwyn” or the “Company”) and Cohn Robbins Holdings Corp. (NYSE: CRHC) (“CRHC”) today announced that Allwyn’s Form F Registration Statement-4 (the “Registration Statement”) has been declared effective by the U.S. Securities and Exchange Commission (“SEC”) in connection with its previously announced proposed business combination with CRHC (the “Business Combination”). The registration statement provides important information about CRHC, Allwyn and the business combination and can be found on the SEC website: www.sec.gov Under the registrant “Allwyn Entertainment AG”. CRHC stockholders are encouraged to read the registration statement and all other documents filed or to be filed with the SEC in connection with the business combination before making any voting or investment decisions.

CRHC also announced a record date today August 15, 2022 (“Record Date”) and Meeting Date September 7, 2022 Convene an extraordinary general meeting of shareholders (the “Meeting”) to approve the business combination. Completion of the business combination is subject to approval by CRRC’s shareholders on the record date, and the satisfaction or waiver of other customary closing conditions, and is expected to close shortly thereafter.

Following the transaction, the combined company is expected to list on the New York Stock Exchange (“NYSE”) with its Class B common stock and warrants under the new ticker symbols “ALWN” and “ALWN.WS,” respectively.For more information on the business portfolio, please visit www.cohnrobbins.com/investor-relations/ Or review Allwyn’s and CRHC’s SEC filings.

The CRRC Board of Directors recommends that all CRRC shareholders vote “Yes” to all proposals Sign, make an appointment, and return the proxy card upon receipt, via the Internet or as instructed in the registration statement, prior to the meeting.

The CRHC believes that the global lottery industry has attractive features, including high consumer engagement across a broad demographic group, the resilience of market cycles, and upside potential due to increased online penetration. Allwyn is a leader in the field $300 billion Global lottery industry, operating lotteries in several European countries through retail and online channels, including AustriaThis Czech Republic, Greece, Cyprus and Italy.

CRHC also believes that Allwyn is well-positioned to grow through organic and inorganic growth opportunities. Allwyn’s UK business, Allwyn Entertainment Ltd, has been selected by the UK Gambling Commission as the preferred applicant for the UK National Lottery’s fourth licence competition.If licensed, this would further expand Allwyn’s footprint, making it a European The largest and fastest growing lottery company. For more information about Allwyn, please visit the Allwyn Investor Relations website: investors.allwynentertainment.com.

Shareholders who are shareholders of China Resources on the record date may attend the meeting in person at the place specified in the registration statement.Alternatively, shareholders can register for the meeting via a live webcast from 9:30 amNew York City time, at September 7, 2022. To register to attend the meeting virtually, shareholders must enter a URL address www.cstproxy.com/cohnrobbins/2022 In your browser, enter the control number assigned by the Continental Stock Transfer Trust Company and follow the instructions that apply to them provided in the registration statement.

Every shareholder’s vote on all proposals matters, regardless of how many shares or shares the shareholder owns. If shareholders have any questions about voting or need assistance with voting, please contact Morrow Sodali LLC, attorney representing CRHC, at (800) 662-5200 (individuals) or (203) 658-9400 (banks and brokers).

As previously disclosed, the business combination plan provides an exclusive dividend pool of up to approximately 6.6 million CRHC shares to non-redeeming CRHC shareholders.

About Owen

Allwyn is the world’s leading lottery operator. Allwyn builds more lotteries back to the public good by focusing on innovation, technology, efficiency and safety across a growing portfolio of casual gaming entertainment products.Lottery-first approach focused on affordable entertainment games has earned Allwyn a leading market position and a trusted brand Europe exist Austria, Czech Republic, Greece and Cyprus and Italy.

About Cohen Robbins Holdings

Cohn Robbins Holdings Corp. was incorporated and listed on the New York Stock Exchange in 2020 by Gary Cohen and Clifton S. Robbins. Mr. Cohn is Vice Chairman of IBM and has more than 30 years of financial services experience in the private and public sectors, having served as IBM Assistant President U.S. Director of Economic Policy and National Economic Council January 2017 until April 2018, and served as president, chief operating officer and director of Goldman Sachs Group from 2006 to 2016. Mr. Robbins has over 35 years of investment management experience, including as founder and CEO of Blue Harbor Group from 2004-2020, a managing member of global growth investor General Atlantic Partners from 2000-2004, and as Kohlberg Kravis Roberts & Co., where he worked from 1987 to 2000.

Additional information about the business portfolio and where to find it
Additional information about the business combination is provided in the registration statement, including a copy of the business combination agreement and prospectus. A registration statement will be mailed to each shareholder of CRHC and can be found on the SEC website: www.sec.gov Under the registrant “Allywn Entertainment AG”.

contact

media inquiries:
Adam Weiner
Arrowpath Advisor to Cohen Robbins Holdings.
CRHCmedia@arrowpath.com
+1 212 596 7700

Dvorak Day Entertaining for Allwyn
dana.dvorakova@allwynent.com

For investor inquiries:
allwyn.ir@icrinc.com

IR@allwynent.com

Cautionary Statement Regarding Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 regarding the business combination between CRHC and Allwyn. Words such as “anticipate,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “may,” “should,” etc. , “believe,” “predict,” “potential,” “continue,” “strategize,” “future,” “opportunity,” “will,” “seem,” “seek,” “outlook,” and similar expressions are intended to in identifying such forward-looking statements. Forward-looking statements are projections, forecasts and other statements about future events that are based on current expectations and assumptions and are therefore subject to risks and uncertainties that could cause actual results to differ materially from those anticipated. These statements are based on various assumptions, whether or not identified in this press release. These forward-looking statements are for illustrative purposes only and are not intended to be, and should not be relied upon by, investors as assurances, assurances, forecasts or express statements of fact or probability. Actual events and situations are difficult or impossible to predict and differ from assumptions. These forward-looking statements include, but are not limited to, Allwyn and CRHC’s expected financial impact on the business combination, satisfaction of the business combination closing conditions and expectations for the timing of the business combination closing.You should carefully consider the risks and uncertainties described by CRHC in the “Risk Factors” section on Form S-1 (File No. 333-240277), its Annual Report on Form 10-K (as amended from time to time), for the fiscal year ended December 31, 2021 and its subsequent Quarterly Report on Form 10-Q, and the registration statement filed by Allwyn. These documents identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Most of these factors are beyond the control of Allwyn and CRHC and are difficult to predict.A number of factors could cause actual future events to differ from the forward-looking statements in this document, including, but not limited to: (1) the outcome of any legal proceedings that may be brought against CRHC or Allwyn following the announcement of the business combination; (2) the business The merger cannot be completed, including the simultaneous completion of the business combination and the non-public issuance of ordinary shares, or the failure to obtain the approval of CRRC shareholders; (3) The business combination may not be completed before the business combination deadline of CRRC and may not be obtained The risk of extension required by CRRC; (4) Failure to meet the conditions for the completion of the merger, including the approval of CRRC shareholders, and the failure to reach the minimum trust account amount after redemption by CRRC public shareholders; (5) Occurrence events, changes or other circumstances that may result in the termination of the business combination agreement; (6) the risk of the business combination disrupting current plans and operations as a result of the completion of the business combination; (7) the inability to recognize the expected benefits of the business combination, which may be subject to (including ) competition, the combined company’s ability to achieve profitable growth and manage growth, maintain relationships with customers and suppliers, and retain key employees; (8) expenses related to business combinations; (9) changes in applicable laws and regulations; (10) The combined company may be adversely affected by other economic, business and/or competitive factors; (11) Downturn risks and changing regulatory environment in the industry in which Allwyn operates; (12) Allwyn acquires or maintains future operations in Allwyn or the ability to seek rights or licenses to operate in any market in which it operates; (13) Allwyn may not be able to raise additional funds necessary to achieve its business objectives or to achieve other cost efficiencies; (14) Allwyn intellectual property (including its patents) may be enforceability, and potential infringement of the intellectual property rights of others, cybersecurity risks, or potential data security breaches; (15) other risks and uncertainties described in CRHC’s Registration Statement on Form S-1 and Annual Report on Form 10-K, As amended from time to time, as of the financial year December 31, 2020 and its subsequent Quarterly Reports and Registration Statements on Form 10-Q. Allwyn and CRHC caution that the above list of factors is not exclusive or exhaustive and that undue reliance should not be placed on any forward-looking statements, which speak only as of the date they are made. Neither Allwyn nor CRHC can guarantee that Allwyn or CRHC will achieve its expectations. Neither Allwyn nor CRHC undertakes or accepts any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, or as circumstances change, unless otherwise required by securities and other applicable laws.

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View original content:https://www.prnewswire.com/news-releases/allwyn-entertainment-and-cohn-robbins-holdings-corp-announce-effectiveness-of-registration-statement-and-extraordinary-general-meeting-to-approve- Proposed Business Portfolio 301609438.html

SOURCE Cohn Robbins Holdings Corp.

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