Business operations of Tipp24 AG prohibited in Saxony-Anhalt Tipp24 AG / Miscellaneous 02.01.2007 Corporate news transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Press release Business operations of Tipp24 AG prohibited in Saxony-Anhalt Tipp24 regards prohibition of its business operations in Saxony-Anhalt as incompatible with national and European legislation. (Hamburg, January 2, 2007) In an injunction served today, the German state of Saxony-Anhalt has forbidden Tipp24 AG from carrying out its business operations in Saxony-Anhalt. According to the wording of the injunction, this affects both the brokerage of participation in lotteries in Saxony-Anhalt, especially as the commercial organizer of lottery teams, and advertising for lotteries which are illegal in Saxony-Anhalt and which can be called up in Saxony-Anhalt. The prohibition has immediate effect. The authorities of Saxony-Anhalt had already threatened Tipp24 AG with prohibition in March 2006. Tipp24 AG has no knowledge as to why Saxony-Anhalt chose the current moment in time to serve the injunction. Tipp24 AG is currently examining the factual and legal consequences of the prohibition as well as its possibilities to appeal. Should Tipp24 AG be permanently prevented from carrying out its business in Saxony-Anhalt, this would lead to a reduction in revenue in the middle six-figure euro range per year and a similar decrease in EBIT, based on the company's current business volume. Tipp24 AG is still of the opinion that any restriction or even prohibition of its business operations in Saxony-Anhalt is incompatible with valid national and European legislation. The measure will also have to be weighed against an injunction issued by the Federal Cartel Office and since confirmed by the Higher Regional Court of Düsseldorf, in which the closure of lottery markets of individual federal states for each other was declared illegal. There are no comparable threats or injunctions from other federal states at present. Saxony-Anhalt is the only state which has prohibited Tipp24 from carrying out its business operations. Tipp24 also has no indications that other federal states intend to issue such an injunction. About Tipp24 AG: Tipp24 was established in 1999 and is now the market leader for lottery products in the Internet on the basis of billings. The company has succeeded in achieving impressive growth rates right from the start. Almost all state lottery products are supplied. It only takes a few mouse clicks to buy a lottery ticket - round the clock, quickly and anonymously. The ticket receipt is kept safely, winners are notified about their prizes automatically by text message and e-mail and prizes are credited automatically. No extra charge is made for this service. Subsidiaries of Tipp24 (www.tipp24.de) are Ventura24 in Spain (www.ventura24.es) and Puntogioco24 (www.puntogioco24.it) in Italy. Press contact: Tipp24 AG Andrea Fratini Head of Media and Public Relations Tel.: +49 40 32 55 33-660 E-Mail: presse@tipp24.de Internet: http://www.tipp24.de/presse/ Tipp24 AG Andrea Fratini Head of Media and Public Relations Tel.: +49 40 32 55 33-660 E-Mail: presse@tipp24.de Internet: http://www.tipp24.de/presse/ DGAP 02.01.2007 --------------------------------------------------------------------------- Language: English Issuer: Tipp24 AG Straßenbahnring 11-13 20251 Hamburg Deutschland Phone: +49 (0)40 325533-0 Fax: +49 (0)40 325533-77 E-mail: office@tipp24.de WWW: www.tipp24-ag.de ISIN: DE0007847147 WKN: 784714 Indices: Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------------- Weitere Informationen: www.dpa-AFX.de