betbull - The European Betting Exchange Plc.

euro adhoc: Betbull plc
Joint Ventures/Cooperation/Collaboration
betbull plc signs Joint Venture deal with Grupo Orenes S.L (Spain) to pursue licensed betting opportunities in Spain.

-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- 21.09.2006 betbull plc (‘betbull’)- an established Continental European retail bookmaking group - signed yesterday a Joint Venture agreement with Grupo Orenes (‘Orenes’) - one of the top Spanish leisure and gaming groups - to jointly pursue licensed retail betting opportunities in Spain. The Joint Venture, which is a 50/50 venture of equal shareholding, capital investment and profit share, commits both companies to actively pursuing licence applications in all provinces of Spain as liberalization unfolds. The agreement will last for a minimum period of 5 years. The rationale for the Joint Venture is to combine betbull’s proven retail betting expertise with Orenes’ in depth knowledge of the Spanish leisure and gaming market. Betbull and Orenes have already agreed on a broad business plan detailing their proposed development of retail betting throughout Spain, using their respective know-how and expertise. Budgets and detailed business plans will be agreed and committed to on a province by province basis as liberalization progresses. About the Orenes group: Grupo Orenes (www.grupoorenes.com) is a Spanish holding company and one of the leading operators in the leisure, hotel, catering and gaming sectors. It operates approximately 10,000 recreational gaming machines, 15 bingo halls, 8 casinos, 54 gaming centres and 2 hotels in various parts of Spain as well as in Italy and Croatia. Orenes holds authorisations, licences and permits to operate in the Spanish gaming sector where it has acquired substantial expertise and know how. The group currently employs over 2000 employees and has been established in the Gaming sector in Spain for over 40 years. Simon Bold, Executive Director of betbull plc: ‘Betbull is committed to expanding its retail outlets throughout Europe. We feel that our bookmaking experience combined with Orenes’ powerful gaming position in Spain will make an unbeatable team. The Spanish retail betting market is immense and will embrace the concept of sports betting in comfortable outlets that combine high level betting technology with leisure and catering facilities. We applaud the proposed moves to regulation and are looking forward to being a part of this exciting time.’ - ENDS - Contact Catriona MacNiven, Investor Relations Günter Schmid, CEO (upon request) Simon Bold, COO (upon request) Alexander Leip, Executive Director (upon request) David De Marco, Group Finance Director (upon request) Phone 00 34 956 777 331 Fax 00 34 956 744 554 betbull Plc ("betbull") 1 London Wall London EC2Y5EB This communication can be downloaded from the website www.betbullplc.com. About betbull Betbull has the goal to establish itself as one of the leading Continental European retail betting groups. The high caliber management team (Simon Bold, David DeMarco, Alexander Leip, Günter Schmid) can resort not only to state of the art bookmaking and operating know how but also relevant M&A expertise and track record. Betbull Plc is stock quoted since October 2004 on the Viennese stock exchange ("BETB", "BETB.VI"). For further details please refer to the company website www.betbullplc.com. This communication contains statements about the future (prognoses). Those statements are based on the Directors’s opinion, assumptions made by the Directors, and information available to the Directors. One or several factors that the Directors cannot foresee with certainty could result in outcomes and events that deviate from the prognoses. All prognoses are valid only on the date of their announcement. Betbull has no intentions to and is not obliged to update prognoses or to adapt prognoses to future events or developments. end of announcement euro adhoc 21.09.2006 16:04:19 -------------------------------------------------------------------------------- ots Originaltext: betbull - The European Betting Exchange Plc. Im Internet recherchierbar: http://www.presseportal.de Further inquiry note: Betbull plc Catriona Macniven Investor Relations Tel.: +350 77331 e-Mail: c.macniven@betbull.com Branche: Casinos & Gambling ISIN: AT0000615331 WKN: A0DKM0 Börsen: Wiener Börse AG / stock market

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