Team Fanatics,

Integrity, discipline, and professionalism are the hallmarks of great companies. As our operations expand, as we onboard more colleagues and as our roster of partners multiply, we correspondingly need an unwavering attention to detail in our practices, policies, and standards. As an industry leader we must continue to raise the bar, strive to be even better than our best and acknowledge that what has gotten us to this spot will only be a part of what is needed to continue our trajectory. We therefore need to be ever more vigilant and ever more focused. As a result, over the last several months you have no doubt witnessed a focus on operational excellence across all our support and administrative functions and that continues with this Code of Business Conduct and Ethics.

Over the past decade, Fanatics has evolved from a North American e-commerce and merchandise company to a global digital sports platform that has become one of the world’s fastest growing and most exciting businesses. It is more important than ever to stay true to who we are, and know what we stand for, as a company. We strive to be world class in all our operations and strongly believe in doing business the right way. Fanatics is committed to working each day to deliver an unrivaled fan experience and best-in-class products across our global digital sports platform; to create an inclusive and diverse work environment focused on the safety and well-being of our employees; to deliver for our hundreds of professional and collegiate sports properties; and to align our Company’s goals with environmental, social and governance issues where we can have the biggest influence.

We each make decisions daily that affect Fanatics as a company. That’s why this Code of Business Conduct and Ethics is so important. It provides the basic legal framework and essential behaviors that help us make the right decisions and ensure we’re conducting ourselves ethically and in compliance with the law, our policies, and our values. Your choices have significant impact on our reputation so please read and apply our Code of Business Conduct and Ethics, making sure your actions show respect for and earn the trust of our stakeholders, including fans, partners, community, employees, and investors. While this document may be a bit long it can be summarized with one concept. It is what I call the “Wall Street Journal Test.” If your actions, behaviors, decisions were described in detail on the front page of the Wall Street Journal, would you be proud of the story and send it to family and friends? Remember that in your business interactions, you are Fanatics and if there is one thing to remember it is: do the right thing, always.

-Glenn H. Schiffman, Executive Vice President & Chief Financial Officer- Fanatics Holdings, Inc.