Tipp24 AG restructures business

Dec 30, 2008 2:51 PM

Tipp24 AG / Strategic Company Decision

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Tipp24 AG plans to restructure its business fields as of 1 January 2009.
This will include pooling the majority of its activities in connection with
brokering or offering lottery products with MyLotto24 Ltd. and its
subsidiaries. MyLotto24 Ltd. has been operating in the UK since 2007.

This move concerns the brokerage of state-run German lottery products, the
offerings of subsidiaries Ventura24 in Spain and Puntogiocco24 in Italy, as
well as the current activities of the British subsidiaries. However, Tipp24
AG will continue to broker the German class lotteries NKL and SKL.

By pooling its gaming activities with MyLotto24 in the UK, the Group is
laying the foundations for a positive development of its foreign business.
Tipp24 AG is also drawing the consequences from the German State Treaty on
Gaming, which it  believes contravenes valid law. The second stage of this
Treaty comes into effect on 1 January 2009 and bans the brokerage of
state-run lotteries via the Internet. Tipp24 AG hopes that after the legal
situation has been settled in its favour it can begin its activities from
Germany again as swiftly as possible.

The Executive Board of Tipp24 AG has decided to focus in future on the
expansion of its Tipp24Games division and to identify and acquire new
business models in Germany and Europe.
 
The listed company Tipp24 AG has been operating profitably since 2002 and
contributed well over 250 million euros to German tax revenues in the years
2007 and 2008 alone. The company employs 170 people in Germany.
30.12.2008  Financial News transmitted by DGAP
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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
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of News                                     DGAP News-Service
 
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