Tipp24 AG: billings and revenue up despite adverse market conditions Tipp24 AG / Preliminary Results 24.07.2007 Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Preliminary figures for the second quarter of 2007 EBIT lower than expected due to non-recurring charges - operating business not burdened (Hamburg, 24 July 2007) Despite ongoing legal discussions and the lack of major jackpots, Tipp24 AG succeeded in raising billings - mainly remitted stakes - by 18.9 percent to EUR 139.6 (117.4) million in the first half of the year. Revenues grew by 17.1 percent to EUR 18.0 (15.3) million. Earnings before interest and taxes (EBIT) were down by 21.6 percent to EUR 2.4 (3.0) million. The fall in EBIT was caused by non-recurring charges totalling EUR 1.9 million, which have no further impact on operating business. Consultancy charges of EUR 1.5 million for specific projects relating to the implementation of the Group's acquisition strategy and incurred mainly in the previous year were capitalized in accordance with IFRS regulations. Against the backdrop of ongoing discussions in the regulatory environment, the respective projects have now been indefinitely postponed and the assets concerned have been reclassified with an effect on earnings. The reclassification has no effect on liquidity. There was also an additional personnel charge of EUR 350 thousand in the second quarter. Due to a positive one-off tax effect in the prior-year period and the above mentioned non-recurring charges, consolidated net profit fell by 54.2 percent to EUR 1.9 (4.2) million. 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. 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 Fax: +49 40 32 55 33-5600 E-mail: presse@tipp24.de Internet: www.tipp24.de/presse/ DGAP 24.07.2007 --------------------------------------------------------------------------- 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 Internet: www.tipp24-ag.de ISIN: DE0007847147 WKN: 784714 Indices: Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------------- Weitere Informationen: www.dpa-AFX.de