Director Notifications – Exercise of Vested Options

Light & Wonder, Inc. has announced that two members of its Board of Directors, Jamie Odell (Chair) and Toni Korsanos (Vice Chair), intend to exercise a portion of their vested options on a cashless basis. These options, with an expiry date of March 28, 2027, can be exercised using a mechanism where directors receive Class D Shares (CDIs) equivalent to the difference between the exercise price and the CDI price at the time of exercise. To cover the resulting income tax liability, a portion of the net CDIs received by each director will be sold, in compliance with the Company's Securities Trading Policy. Following this process, two Appendix 3Y notices detailing the change in directors' interests will be filed. Light & Wonder is a global games company operating across three business segments, focused on creating immersive content and committed to integrity and sustainability.