Tipp24: Group earnings for 2006 higher than expected, Share buyback programme agreed Tipp24 AG / Preliminary Results/Miscellaneous 12.02.2007 Corporate news transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Tipp24: Group earnings for 2006 higher than expected - EBIT increased to EUR 7.2 million (previous year: EUR 6.0 million) - Number of customers registered considerably larger than planned at about 1.8 (1.3) million Share buyback programme agreed (Hamburg, 12. February 2007) Tipp24 continues growth path in the 2006 fiscal year and exceeds expected earnings. The company increased the number of its customers considerably to about 1.8 million (previous year: 1.3 million) in the 2006 fiscal year. The billings - - essentially lottery tickets that are sold - climbed to EUR 264.2 (204.7) million, growth of 29.1 per cent. The revenue by Tipp24 of EUR 34.6 (26.1) million was up 32.6 per cent, which was within the forecast growth range. Earnings before interest and tax (EBIT) improved by 20.0 per cent to EUR 7.2 (6.0) million. Group earnings increased far more - more than doubling to EUR 7.5 (3.3) million, an increase of 127.3 per cent. Tipp24's Group earnings were higher than expected as a result. Dr Hans Cornehl, Chief Financial Officer of Tipp 24: 'We consider the continued dynamic growth of our company in a difficult regulatory environment to be a complete success. Particularly in view of the fact that there were special negative effects in 2006: higher marketing expenses in connection with the record jackpot, costs of lobbying activities and the elimination of ExtraLotto.' Share buyback programme The price of the Tipp24 AG share does not reflect the positive development of the company's business in the past business year. Great ongoing uncertainty about the legal situation with regard to private Internet providers of state lottery products is the reason for this. 'The market is making a maximum risk discount in the case of Tipp24 and is not taking into account the fact that a growing proportion of sales is being generated outside Germany and that the company has growth potential there. We have therefore decided to implement a share buyback programme for up to five per cent of the Tipp24 shares', says Jens Schumann, one of the founders and management board members of Tipp24AG. Tipp24 plans to acquire a total of up to 443,615 of its own shares in the context of this programme. The shares are to be used primarily as acquisition currency. In addition to this, all or some of the shares can be withdrawn instead. The planned share buyback programme starts on 19. February and ends on 30. September 2007. The company will be publishing further details about this programme in good time on the Tipp24 AG website (www.tipp24-ag.de). 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 Press and Public Relations Manager Tel.: +49 40 32 55 33-660 E-mail: presse@tipp24.de Internet: www.tipp24.de/presse/ DGAP 12.02.2007 --------------------------------------------------------------------------- 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