CRICKET WEST INDIES AND CARIBBEAN CAGE LLC (MAJORITY OWNED BY THE RLJCOMPANIES) SIGN A LANDMARK LONG-TERM AGREEMENT PROJECTED TO GENERATE ALMOST $100 MILLION IN REVENUE FOR CRICKET DEVELOPMENT IN THE CARIBBEAN

CARIBBEAN CAGE LLC (the “CAGE Companies”) is the PremierRoute Operator of Video Lottery and Video Gaming Terminals andLicensed Sports Betting in the Caribbean Community and RecentlyLaunched Sports Betting Operations on Puerto Rico

KINGSTOWN, Saint Vincent and the Grenadines and Bethesda,Maryland, USA, December 16, 2024. The long-term agreement, signed by thePresident of Cricket West Indies, Dr. Kishore Shallow, and the Co-Founder, Chairman & CEOof the CAGE Companies, Robert B. Washington, which strategic alliance was unanimouslyendorsed by the CARICOM Prime Ministerial Sub Committee on Cricket (“PMSC”). Severalother Prime Ministers were present during the PMSC meeting in Guyana and offered theirendorsement of the proposed CWI/CAGE agreement.

Commenting on the unprecedented deal, President Shallow expressed, “This agreement is theculmination of extensive dialogue and strategic planning to secure the future of West IndiesCricket. We have been deliberate in our approach, engaging stakeholders at various levels,including discussions with the CARICOM Prime Ministerial Subcommittee on Cricket, to ensurethe broadest consultation on such a pivotal agreement.” He further added, “The resourcesgenerated through this collaboration will not only empower the development of our men’s andwomen’s teams, but also strengthen the cricketing ecosystem across the region. The strategicalliance reflects our shared commitment to rebuilding West Indies Cricket as a global powerhouseand a unifying force for the Caribbean. Community”

Caribbean CAGE is the premier route operator of video lottery and video gaming terminals andlicensed sports betting in the Caribbean and recently launched sports betting operations in Antiguaand Barbuda, Barbados, Guyana, Saint Lucia and Puerto Rico.

Co-Founder and Majority Shareholder of the CAGE Companies, Mr. Robert L. Johnson, stated,“CAGE is elated to be a part of an arrangement that goes way beyond the development of a game.This agreement will go a long way to positively altering the lives of the people of the region, creatinggreater socio-economic opportunities for all citizens through the game of cricket, which has longbeen recognized as the region’s metaphor for development. Cricket has brought great glory andrecognition to the people of the region, but by so doing it has also created a platform for positivedevelopment that this pact fortifies. But more importantly, the CARICOM countries in which weoperate will also benefit financially from legalized gaming revenue that will increase their ability tosupport additional educational, sporting, and cultural activities for their citizens.”

The Caribbean CAGE Chief Executive Officer, Bob Washington, who has worked in the regionfor the past forty (40) years with various Caribbean governments, sporting organizations, andprivate sector commercial entities in the region, also expressed “his satisfaction with theagreement” and spoke of the “confidence he had in the groundbreaking deal.” CEO Washingtonalso stated that “West Indies Cricket, through this tripartite agreement and understanding, wouldgo a long way to once again ruling the cricketing world.”

CEO Bob Washington concluded: “The novel deal and technological first in Sports Betting andiGaming for the region, will aid and assist the region in eliminating the large unlicensed operatormarkets who take bets and pay prizes in the Caribbean Community without being properlylicensed or paying taxes or gaming license fees to the governments of the Caribbean Community.”

The Sports Betting, Virtual Sports and iGaming games and operations contemplated under this agreement commence from 01 April 2025 and based on forecasted revenues could be the single largest commercial agreement signed by Cricket West Indies.

About Cricket West Indies

Cricket West Indies is the governing body for all professional and amateur cricket, from the WestIndies international teams to tournaments such as the West Indies Championship (4-Days), T20,the one-day Super50 Cup and the women’s T20 Blaze, in the 15 English-speaking Caribbeancountries that form the West Indies. CWI's "West Indians First" policy aims to develop and utilizeregional expertise and knowledge, and to support the best quality coaching, umpiring, sportsmedicine, administration, and other cricket-related expertise. The West Indies internationalteam, the West Indies, is unique in cricket and in international sport. It is the only team incricket that represents a group of sovereign nations, drawing on the strength, skills and passionof each nation to unite through cricket and take on the world.

Cricket West Indies is based in St John, Antigua, West Indies.

About The RLJ Companies

The RLJ Companies, founded by Robert L. Johnson, is an innovative business network thatprovides strategic investments in a diverse portfolio of companies. Within The RLJ Companiesportfolio, Johnson owns or holds interests in businesses operating in a publicly traded hotel realestate investment trust; private equity; financial services; asset management; automobile dealerships; entertainment; and video lottery terminals (“VLT”) and sports betting, virtual sportsand iGaming. The RLJ Companies is headquartered in Bethesda, MD. Prior to founding The RLJCompanies, Johnson was founder and chairman of Black Entertainment Television ("BET").

For more information visit: www.RLJcompanies.com. For media inquiries, contact: MichelleCurtis at press@RLJcompanies.com or 301-280-7701.

About Caribbean CAGE LLC

Caribbean CAGE LLC is a gaming company focused primarily on the installation, operation andmanagement of video lottery and video gaming terminals, linked gaming systems and game contentincluding Sports Betting, Virtual Sports and iGaming throughout the Caribbean and LatinAmerica. Caribbean CAGE LLC was co-founded by Robert L. Johnson and Robert B.Washington in 2004 for the purpose of bringing superior Video Gaming Terminals and GamingMachines, central computer systems and exciting, new downloadable game content to targetedLatin America and Caribbean countries with the goal of enhancing local economies and creatinglocal entrepreneurial and employment opportunities. Caribbean CAGE LLC is headquartered inSt. Thomas, US Virgin Islands with offices and operations in Antigua and Barbuda, Barbados,Republic of Guyana, the Dominican Republic, St. Kitts and Nevis, Saint Lucia, Las Vegas, and Puerto Rico.

For media inquiries, contact: Janet Davila at jdavila@caribbeancage.com or 787-758-8650.