Document

I am delighted to confirm that, in agreement with the Compensation & Human Resources Committee (the Committee), we are updating your compensation package. In addition, following the relocation of the Flutter Group’s operational headquarter to the US, this letter confirms certain modifications to your existing employment terms, all of which are effective 1 January 2025. A summary of the changes now documented in this letter were set out in a term sheet shared with you.

Your employment will be transferred from Betfair Limited to Flutter Services UK Limited (the Company). Your terms and conditions as set out in your Employment Contract, dated 30 May 2024, shall remain in full force and effect other than as amended by this letter.

To support your regular business travel to the US, the Company will arrange and pay for support to assist you with (i) your US L-1 visa and ongoing US immigration status; (ii) the relevant US social security registrations to maintain you in the UK social security regime to the extent possible and (iii) tax return support (see US taxes section below).

In order to assist you with managing your UK and US taxes, the Company will implement any applicable payroll arrangements to adjust your payroll withholding in the US and US, in compliance with relevant tax laws, to limit the double taxation you are subject to through the payroll and we will discuss this with you in more detail.

You will be responsible for the cost of your global tax obligations. You will not be eligible for any tax equalisation package either now or in the future. You will be taxable in the US on any US workdays. The Company will make the necessary arrangements to minimise the risk of any upfront double taxation liabilities that you could face. The Company will arrange for support on the completion of your annual UK and US tax returns through the Company’s tax advisors (currently EY) at the Company’s expense, and assist with the relevant US social security registrations to maintain you in the UK social security regime to the extent possible.

Flutter Entertainment plc is a public company limited by shares

Corporate Headquarters: 300 Park Avenue South, New York, NY 10010, United States

www.flutter.com

Directors: J. Bryant (Chair) (U.S.), P. Jackson (Chief Executive Officer) (U.K.), N. Cruickshank (U.K.), N. Dubuc (U.S.), A.F. Hurley (U.S.), H. Keller Koeppel (U.S.), C. Lennon, A. Rafiq (U.S.)

Registered in Dublin, Ireland no. 16956

Registered Office: Belfield Office Park, Beech Hill Road, Clonskeagh, Dublin 4, Ireland

Should tax become due on the costs of travel, accommodation and subsistence whilst travelling on business in the US, the Company will ensure that you are in a neutral position with regard to travel expenses only.

The Company will arrange and pay for reasonable personal tax return support and reasonable advice in respect of your US and UK tax returns in connection with your employment, to be provided by the Company’s tax advisors, including the preparation of all necessary tax returns. This includes in relation to previous tax years where your tax affairs are affected by the changes in this letter. You will be required to comply with the advisor’s reasonable tax return timetable when providing information required to finalise your tax returns. Subject to you making your request in a reasonable timeframe, the Company agrees to provide you with information you require in order to prepare your tax returns. You will be responsible for any tax, penalties or interest that may arise as a result of late or incorrect filings unless such late or incorrect filing was due to the Company or Group’s delay or default in providing you with any required information or tax or immigration adviser support.

Your Base Salary will be approved by the Committee from time to time in accordance with clause 2.1 of the Employment Contract. Your Base Salary will be USD 925,000 per annum, paid in 12 equal monthly instalments (less any amounts required to be deducted by law).

d)Your discretionary 2025 long-term incentive opportunity is expected to consist of a grant of restricted share units with a grant date fair value equal to 125% of Base Salary and a grant of performance share units with a grant date fair value of 150% of Base Salary at target and 300% of Base Salary at maximum.

e)Subject to your continued employment, any 2025 restricted share units would vest in three equal instalments over 3 years with 1/3rd vesting on each of 1 September 2026, 1 September 2027 and 1 September 2028.

f)Any 2025 performance share units would cliff vest on 1 September 2028, subject to your continued employment and the achievement of the associated performance targets which will be confirmed separately around the time of grant.

h)Your in-flight equity awards will continue on their current terms, save that unvested nil-cost options will be converted to equivalent restricted share units and administered in line with the US Appendix of the plan rules they were granted under. In the US Appendix of the rules, Flutter Entertainment plc has discretion to amend your award agreements to ensure that the award qualifies for the exemption from, or complies with the requirements of, Section 409A (as defined below) or to mitigate any additional tax, interest and/or penalties or other adverse tax consequences that may apply under Section 409A if compliance is not practical. The Company hereby confirms that based on its understanding currently no other changes to the rules or your award letters are anticipated.

i)Your Company pension contribution will reduce from 9% to 5% of Base salary. You will continue to be able to have this paid into the Company scheme or, at your election, taken as a cash supplement (subject to the usual statutory deductions).

j)Your shareholding requirement will increase from 200% to 300% of Base Salary. You will have five years from 1 January 2025 to build up the additional 100% requirement with the original 200% requirement running from your date of appointment to the role of Group CFO (31 May 2024). You will be required to retain a minimum of 50% of any post-tax vested awards until this shareholding requirement has been met.

The list of companies set out in Clause 20.2(b) of your Employment Contract may be updated by the Company from time to time prior to termination of your employment with the Group, acting always reasonably and in good faith. Any such updates will be notified to you.

The Company intends that the payments and benefits under your Employment Contract will comply with or be exempt from Section 409A (as defined in the Annexure) of the United States Internal Revenue Code of 1986, as amended (the Code). Section 409A or the Code deal with how compensation is handled and can impose tax penalties if payments are made or not made within certain timeframes. Further details in respect of section 409A compliance are set out as an Annexure to this letter (the Annexure). The Annexure should be read alongside this letter and forms part of the amended Employment Contract.

Nothing in this letter or your Employment Contract will prevent or impede you from engaging in protected activity under law, including but not limited to making a protected disclosure within the meaning of section 43A of the Employment Rights Act 1996 (whistleblowing); providing information as

a whistleblower to the United States Securities and Exchange Commission (SEC) about a possible securities law violation; initiating, testifying in, or assisting in any investigation or judicial or administrative action of the SEC based upon or related to such information or making disclosures that have been authorised by the Company or are required by law or by your employment. You do not need the prior authorisation of the Company to make any whistleblowing reports or disclosures, and you are not required to notify the Company that you have made such reports or disclosures.

By signing this letter, you acknowledge and understand that your personal data may be shared with the Company's immigration and tax advisers from time to time for the purpose of providing any necessary tax and/or immigration support in relation to your employment. Such data sharing will be conducted in compliance with the General Data Protection Regulation ((EU) 2016/679) (UK GDPR) and any other applicable data protection laws and will be limited to the information required to perform these services.

This deed and all non-contractual or other obligations arising out of or in connection with it are governed by and shall be construed in accordance with English law and is subject to the exclusive jurisdiction of the English Courts.

Please do not hesitate to contact us if you have any questions regarding the content of this letter. Otherwise, please confirm your agreement to the terms of this letter by returning a signed copy of this letter at your earliest convenience.


/s/ Lisa Sewell			Signature of Director / Signatory
Lisa Sewell			Name of Director / Signatory
/s/ Louise Foster			Signature of Witness
Louise Foster			Name of Witness
74 Moor Lane, York, YO24 2QY			Address of Witness

Executive Assistant			Occupation of Witness


Signed as a deed by ) Rob Coldrake /s/ Rob Coldrake) in the presence of )

/s/ Abi Coldrake			Signature of Witness
Abi Coldrake			Name of Witness
37 St Stephen’s Avenue, St Albans			Address of Witness
Hertfordshire, AI34Aa
Chartered Accountant			Occupation of Witness

The Company intends that the payments and benefits under your Employment Contract will comply with or be exempt from Section 409A of the United States Internal Revenue Code of 1986, as amended (the Code) (Section 409A of the Code, and the regulations and guidance promulgated thereunder, Section 409A) and, accordingly, to the maximum extent permitted, your Employment Contract shall be amended as set out below and interpreted to be in compliance therewith. Except as otherwise permitted under Section 409A, no payment under the Employment Contract shall be accelerated or deferred unless such acceleration or deferral would not result in additional tax or interest pursuant to Section 409A.

Clause 17.3 is hereby deleted in its entirety and replaced with “The Payment in Lieu of Notice shall be paid in equal monthly instalments from the date on which the Executive’s employment terminates until the end of the Relevant Period. The Payment in Lieu of Notice shall be made in full and final settlement of any claims the Executive may have against the Company or any Group Company arising from the Employment or the termination thereof.”

Notwithstanding anything in your Employment Contract to the contrary, any compensation or benefit payable under the Employment Contract that is considered nonqualified deferred compensation under Section 409A and is designated under the Employment Contract as payable upon your

Notwithstanding anything in your Employment Contract to the contrary, if you are deemed by the Company at the time of your Separation from Service to be a “specified employee” for purposes of Section 409A, to the extent delayed commencement of any portion of the benefits to which you are entitled under your Employment Contract is required in order to avoid a prohibited distribution under Section 409A, such portion of your benefits shall not be provided to you prior to the earlier of (A) the expiration of the six (6)-month period measured from the date of your Separation from Service with the Company or (B) the date of your death. Upon the first business day following the expiration of the applicable Section 409A period, all payments deferred pursuant to the preceding sentence shall be paid in a lump sum to you (or your estate or beneficiaries), and any remaining payments due to you under your Employment Contract shall be paid as otherwise provided therein.

Notwithstanding anything to the contrary in your Employment Contract or the Company’s expense policy in force from time to time, to the extent that any reimbursements under your Employment Contract are subject to Section 409A, any such reimbursements payable to you shall be paid to you no later than December 31st of the year following the year in which the expense was incurred (provided that any reimbursement for taxes shall be paid to you no later than December 31st of the year following the year in which you remit the applicable taxes to the government), the amount of expenses reimbursed in one year shall not affect the amount eligible for reimbursement in any subsequent year, other than medical expenses referred to in Section 105(b) of the Code, and your rights to reimbursement under your Employment Contract will not be subject to liquidation or exchange for another benefit.

Your right to receive any instalment payments under your Employment Contract, including without limitation any continuation salary payments that are payable on Company payroll dates, shall be treated as a right to receive a series of separate payments and, accordingly, each such installment payment shall at all times be considered a separate and distinct payment as permitted under Section 409A.