Tipp24 SE / Key word(s): Change of Personnel

18.02.2011 / 10:57

Klaus F. Jaenecke announces retirement from Supervisory Board of Tipp24 SE 

(Hamburg, 18 February 2011) The Chairman of the Supervisory Board of Tipp24
SE, Klaus F. Jaenecke, has informed the company's Executive Board that he
will resign from the Supervisory Board on completion of the Annual General
Meeting 2011. Since taking up his position on the Supervisory Board in
2005, Mr. Jaenecke has been closely involved with the company's
development. During this time, Tipp24 has made very successful progress
under difficult market and regulatory conditions, quadrupling revenues and
almost quintupling EBT. According to preliminary figures, the company
posted record revenues and earnings in its fiscal year 2010. Since its IPO
in 2005, the company's market capitalisation has grown by around 30% and
its share price recently reached an all-time high.

Mr. Jaenecke's decision to step down from the Supervisory Board was made
with an eye to his own personal plans as well as to the targeted partial
restructuring of the Supervisory Board of Tipp24 SE. In the course of this
partial restructuring, which Mr. Jaenecke welcomes and will actively
accompany until the Annual General Meeting, the Supervisory Board will be
expanded from three to six members. A corresponding amendment to the
company's articles is to be presented for adoption to the Annual General
Meeting 2011. The decisive factor for Mr. Jaenecke's decision was also his
conviction that regular change within the Supervisory Board complied with
the principles of good corporate governance, provided that a balance could
be found in its composition between renewal and continuity. He believes
that the changes to the Supervisory Board planned for the Annual General
Meeting 2011 are the right time for him to pass on responsibility as
Chairman and to retire from the Supervisory Board.

The Supervisory Board and Executive Board of Tipp24 SE thank Mr. Jaenecke
for his many years of service on the Supervisory Board, during which he
made a decisive contribution to the positive and sustainable development of
the company. Dr. Hans Cornehl, CEO of Tipp24 SE, states: 'We deeply respect
and regret the decision of Klaus Jaenecke to retire from the Supervisory
Board of Tipp24. Mr. Jaenecke proved a reliable and competent partner for
our company in dynamic growth phases as well as in periods of profound
change and could always be called upon to offer valuable advice in good
times and in bad. The Executive Board would like to express its sincere
gratitude for the excellent cooperation.'

Tipp24 SE will announce voting proposals for a successor to Mr. Jaenecke
and the future new members of the Supervisory Board when it convenes the
Annual General Meeting 2011.

Press contact:
Tipp24 SE       
Andrea Fratini       
Head of Media and Public Relations 
Tel.: +49 40 32 55 33-660    
E-mail: presse@tipp24.de    
Internet: www.tipp24-se.de/presse/

About Tipp24 SE: Tipp24 SE (formerly Tipp24 AG) was founded in September
1999 and holds equity interests in a number of companies in Spain, Italy
and the UK, which enable participation in lottery-based games via the
Internet, especially via the websites www.ventura24.es, www.giochi24.it,
www.mylotto24.co.uk and www.tipp24.com. In Germany, Tipp24 Entertainment
GmbH operates the games platform www.tipp24games.de. From its foundation to
the end of 2008, Tipp24 SE brokered tickets worth over 1.5 billion euros to
the state lottery companies - in recent years over 330 million euros
annually. Following its successful IPO in 2005 (Prime Standard), the
company was admitted to the SDAX index in June 2009 and has been trading as
a European public limited company since December 2009.


End of Corporate News

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Language:    English                                               
Company:     Tipp24 SE                                             
             Straßenbahnring 11                                    
             20251 Hamburg                                         
             Deutschland                                           
Phone:       +49 (0)40 325533-0                                    
Fax:         +49 (0)40 325533-77                                   
E-mail:      office@tipp24.de                                      
Internet:    www.tipp24-se.de                                      
ISIN:        DE0007847147                                          
WKN:         784714                                                
Listed:      Regulierter Markt in Frankfurt (Prime Standard);      
             Freiverkehr in Berlin, Düsseldorf, Hamburg, München,  
             Stuttgart                                             
 
 
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