Tipp24 SE: investment in geo-based online lottery GeoSweep

Dec 21, 2012 1:40 PM

Tipp24 SE  / Key word(s): Miscellaneous

21.12.2012 13:40

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.


Ad hoc announcement acc. to Sec. 15 WpHG

Tipp24: investment in geo-based online lottery GeoSweep

(Hamburg, 21 December 2012) As part of its international expansion
strategy, Tipp24 has acquired a stake in the UK company Roboreus Limited.

Roboreus operates the geo-based lottery game GeoSweep (www.geosweep.com)
via its UK subsidiary GeoSweep Limited. In this online lottery game,
players purchase squares ('Geos') on an online map that act as lottery
tickets in daily location-based prize draws. The most popular Geos picked
include players' own houses, well-known buildings and areas of particular
interest such as sports stadiums and national monuments. Operating under a
UK Gambling Commission  licence, the product range of GeoSweep is currently
available over the entire geographical area of Great Britain. The lottery
is also offered in parts of Canada via a cooperation agreement. GeoSweep
acts as the service provider for the Canadian provincial  lottery
organisation ALC. It is planned to expand the cooperation with state
lottery companies in the near future - focusing on North America.

The investment implements Tipp24's strategy of acquiring its own licences
and establishing a new international business division dedicated to
providing Internet services to lottery companies.

In the course of the transaction, Tipp24 will subscribe to new shares to be
issued by Roboreus Limited for a cash contribution of GBP 10 million
(approx. EUR 12.4 million). In addition, Tipp24 will acquire shares from
current Roboreus shareholders, resulting in a total shareholding in
Roboreus of 25.7 percent. After a period of three years, an additional
maximum earn out of GBP 1.9 million (EUR 2.3 million) can be achieved,
based on the financial performance of GeoSweep.

Additional information:
ISIN: DE0007847147
WKN: 784714 
Trading: Official Market / Prime Standard; Frankfurt Stock Exchange
Registered office: Germany

Tipp24 SE
Frank Schwarz
Tel: +49 611 1745 398 0
E-mail: schwarz@schwarzfinancial.com
Internet: www.tipp24-se.de

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Language:     English
Company:      Tipp24 SE
              Straßenbahnring 11
              20251 Hamburg
Phone:        Tel.: +49 (0)40 325533-661
Fax:          +49 (0)40 325533-5600
E-mail:       presse@tipp24.de
Internet:     www.tipp24-se.de
ISIN:         DE0007847147
WKN:          784714
Indices:      SDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement                             DGAP News-Service