betbull - The European Betting Exchange Plc.

Betbull releases its Annual report 2006

@@start.t1@@--------------------------------------------------------------------------------   ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for   the content of this announcement. --------------------------------------------------------------------------------@@end@@

balance/Annual report 2006

London (euro adhoc) - Betbull plc ("Betbull") announces the release of group consolidated audited financial statements

1. Financial highlights for the year

@@start.t2@@?          Betbull has continued its growth during the year 2006, achieving a
record gross income of EUR 89.4 m up by 4 times compared with the year 2005 -
(2005 - EUR 20.1 m) and Net Gaming Revenue of EUR 15.0 m up by 3.75 times
compared with the year 2005 (2005 - EUR 4.0 m).
?          EBITDA reached EUR (0.55) m - (2005 - EUR (5.2) m) and 0.08 m - (2005 -
EUR (4.0) m) before share benefit charge.
?          The Adjusted Operating Loss amounted to EUR (0.97) m - (2005 - EUR (4.2)
m) before Share Benefit Charges of EUR 0.63 m - (2005 - EUR 1.2 m).
?          Betbull maintains a healthy Cash Position of EUR 8.0 m as of 31 December
2006 - (2005 - EUR 10.7 m).@@end@@

Total cost and expenditures included various extraordinary items, in particular, for legal counsel and lobbying as well as the start up costs of the business’s in Spain and Italy.

2. Business highlights for the year

@@start.t3@@?          Private placing raising EUR 4.2 m by issuing 1,050,000 new ordinary
shares, 942,069 not accounted for in the balance sheet, (closed 28 February 2007
yielding a total of 7,621,431 shares issued overall) with the goals to fund
further business development and to maintain flexibility.
?          Award of four licenses in Italy for the cities of Milan and Como in a
tender process.
?          Joint Venture signed with Grupo Orenes, a leading Spanish leisure
operator, with the goal to establish a retail betting chain in Spain.
?          Opening of the first retail betting units in Spain.
?          Completion of repositioning the company as a retail betting operator
with complementary online offering.  The portfolio of retail betting units was
restructured to achieve an overall better performance on fewer outlets.
?          Major swing in continental Europe towards a liberalization of gaming, in
particular, the new legislation in Italy and Spain (Madrid).  The German
monopoly is still heavily contested and must be newly regulated by the end of
2007 following a Constitutional Court Ruling in March 2006.@@end@@

Commenting on today’s announcement Simon Bold, Director of Betbull, said: "Considering the difficult regulatory circumstances under which Betbull operated in the year 2006 I am very pleased with the growth achieved.  I am looking forward implementing business development objectives in Spain which will help grow Betbull to the next level." Günter Schmid, Director of Betbull, added: "We are still executing our strategy of growth in continental Europe via acquisitions, partnering and organic growth.  Once the regulatory dust has settled down a bit we have the clear sight required to speed up again."

- ENDS -

Contact

David De Marco, Group Finance Director

d.demarco@betbull.com Phone +356 21480131 Fax +356 21480132

Betbull plc Tower 42, Level 23/Pillsbury 25 Old Broad Street London EC2N 1HQ United Kingdom

Betbull plc is registered in England & Wales under the Registration Number 05044730.

This communication can be downloaded from the website www.betbullplc.com.

About Betbull

Betbull's goal is to establish itself as one of the leading Continental European retail bookmakers.  The Betbull group holds bookmaking licences in the UK, Austria, Italy, and Malta and horse betting licences in select districts of Germany and Spain.

The high caliber management team (Simon Bold,  David De Marco, Alexander Leip, and Günter Schmid) has a strong track record in the betting industry with relevant bookmaking experience and know-how including sector specific M&A expertise.

Betbull has been listed on the Vienna Stock Exchange since October 2004 ("BETB", "BETB.VI").

For further details please refer to the website www.betbullplc.com.

betbull plc

            Consolidated Financial Statements

            Year Ended

            31 December 2006

Contents

Page:

@@start.t4@@1          Directors, advisors and company secretarial matters

2          Executive directors' review

3          Directors' report

4          Statement of directors' responsibilities

5          Report of the independent auditors

6          Consolidated financial statements

7          Consolidated income statement

8          Consolidated balance sheet

9          Consolidated statement of changes in equity

10         Consolidated cash flow statement

11                      Notes forming part of the consolidated financial statements@@end@@

@@start.t5@@Directors
                                      Lorne Abony                    (resigned 13 September 2006)
                                      Simon Bold
                                      Andrew Rivkin    (resigned 13 September 2006)
                                      Günter Schmid
                                      Norbert Teufelberger
                                      Alexander Leip
                                      Simon Fielder    (appointed 13 September 2006)
                                      David De Marco  (appointed 13 September 2006)
                                      David Morgan      (appointed 15 December 2006)

            Secretary

                         Pillsbury Secretarial Limited, Tower 42, Level 23, 25 Old Broad
Street, London EC2N 1HQ
                                      (appointed 1 September 2006).


            Principal bankers
                         NatWest Bank, 57 Line Wall Road, Gibraltar.
                                      Erste Bank Der Österreichischen Sparkassen AG, Graben
21, A-1010 Vienna, Austria.


            Principal solicitors
                                      Pillsbury Winthrop Shaw Pittman LLP, Tower 42, Level 23,
25 Old Broad Street, London
                                      EC2N 1HQ (appointed 1 August 2006).

Auditors

            BDO Stoy Hayward LLP, 8 Baker Street, London, W1U 3LL.

Registered office

            Tower 42, Level 23, 25 Old Broad Street London EC2N 1HQ (changed on 14
September 2006).

Executive Directors’ Review for the year ended 31 December 2006

Review of the financial highlights for the year

?          betbull has continued its growth during the year 2006, achieving a
record gross income of EUR 89.4 m up by 4 times compared with the year 2005 -
(2005 - EUR 20.1 m) and Net Gaming Revenue of EUR 15.0 m up by 3.75 times
compared with the year 2005 - (2005 - EUR 4.0 m).
?          EBITDA reached EUR (0.55) m - (2005 - EUR (5.2) m) and 0.08 m - (2005 -
EUR (4.0) m) before share benefit charge.
?          The Adjusted Operating Loss amounted to EUR (0.97) m - (2005 - EUR (4.2)
m) before Share Benefit Charges of EUR 0.63 m - (2005 - EUR 1.2 m).
?          betbull maintains a healthy Cash Position of EUR 8.0 m as of 31 December
2006 - (2005 - EUR 10.7 m).@@end@@

Review of the business highlights for the year

@@start.t6@@?          Private placing raising EUR 4.2 m by issuing 1,050,000 new ordinary
shares, 942,069 not accounted for in the balance sheet, (closed 28 February 2007
yielding a total of 7,621,431 shares issued overall) with the goals to fund
further business development and to maintain flexibility.
?          Award of four licenses in Italy for the cities of Milan and Como in a
tender process.
?          Joint Venture signed with Grupo Orenes, a leading Spanish leisure
operator, with the goal to establish a retail betting chain in Spain.
?          Opening of the first retail betting units in Spain.
?          Completion of repositioning the company as a retail betting operator
with complementary online offering.  The portfolio of retail betting units was
restructured to achieve an overall better performance on fewer outlets.
?          Major swing in continental Europe towards a liberalization of gaming, in
particular, the new legislation in Italy and Spain (Madrid).  The German
monopoly is still heavily contested and must be newly regulated by the end of
2007 following a Constitutional Court Ruling in March 2006.@@end@@

Directors

The directors who served during this period and to the date of signature of this report were as stated on page 1.  Mr. David De Marco joined the Board of Directors as Group Finance Executive Director on 13 September 2006 and Mr. Simon Fielder joined the Board of Directors as a Non-Executive on the same day. Mr. David Morgan joined the Board of Directors as Non-Executive Director on 15 December 2006.

Directors’ Report for the year ended 31 December 2006

The directors submit their report and financial statements for the group for the year ended 31 December 2006

Change of company name On 18 May 2006, the company changed its name from Betbull - The European Betting Exchange plc to Betbull plc.

Principal activities for the year The principal activity for the year ended 31 December 2006 was the operation of retail betting outlets with complimentary online services.

Results and dividends for the year The results for the year ended 31 December 2006 are shown in the income statement on page 7. In view that the functional currency has changed from GBP to EUR, the reported figures are stated in EUR.

The directors do not recommend the payment of a dividend - (2005 - EURNil)

A review of the financial and business highlights for the year is contained within the Executive Directors’ Review on page 2.

Directors The directors who served during this period and to the date of signature of this report were as stated on page 1.  Andrew Rivkin and Lorne Abony stepped down as non-executive directors on 13 September 2006. The board is very grateful to Mr. Rivkin and Mr. Abony for their outstanding contributions and counsel since the start of the company and wishes them all the best in the future.

Auditors All of the current directors have taken all the steps they ought to have taken to make themselves aware of any information needed by the company’s auditors for the purposes of their audit and to establish that the auditors are aware of that information. The directors are not aware of any relevant audit information of which the auditors were unaware.

BDO Stoy Hayward LLP have expressed their willingness to continue in office and a resolution to reappoint them will be proposed at the forthcoming Annual General Meeting.

By order of the Board

Günter Schmid

Director 17 April 2007

Statement of directors’ responsibilities

The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the group, for safeguarding the assets of the group and for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for preparing the financial statements. The directors have chosen to prepare financial statements for the group in accordance with International Financial Reporting Standards as adopted by the European Union (IFRSs).

International Accounting Standard 1 requires that financial statements present fairly for each financial year the group’s financial position, financial performance and cash flows.  This requires the faithful representation of the effects of transactions, other events and conditions in accordance with the definitions and recognition criteria for assets, liabilities, income and expenses set out in the International Accounting Standards Board’s ‘Framework for the preparation and presentation of financial statements’.  In virtually all circumstances, a fair presentation will be achieved by compliance with all applicable IFRSs.  A fair presentation also requires the directors to:

@@start.t7@@?          consistently select and apply appropriate accounting policies;
?          present information, including accounting policies, in a manner that
provides relevant, reliable, comparable and understandable information; and
?          provide additional disclosures when compliance with the specific
requirements in IFRSs is insufficient to enable users to understand the impact
of particular transactions, other events and conditions on the entity’s
financial position and financial performance.@@end@@

Financial statements are published on the group's website in accordance with legislation in Austria governing the preparation and dissemination of financial statements, which may vary from legislation in other jurisdictions. The maintenance and integrity of the group's website is the responsibility of the directors. The directors' responsibility also extends to the ongoing integrity of the financial statements contained therein.

Report of the Independent Auditors To the shareholders of Betbull plc We have audited the consolidated financial statements (the ''financial statements'') of betbull plc for the year ended 31 December 2006 which comprise the consolidated income statement, the consolidated balance sheet, the consolidated cash flow statement, the consolidated statement of change in shareholders' equity and the related notes. These financial statements have been prepared under the accounting policies set out therein. Respective responsibilities of directors and auditors The directors' responsibilities for preparing the annual report and the financial statements in accordance with International Financial Reporting Standards (IFRSs) as adopted by the European Union are set out in the statement of directors' responsibilities. Our responsibility is to audit the financial statements in accordance with International Standards on Auditing (UK and Ireland). We report to you our opinion as to whether the financial statements give a true and fair view and have been properly prepared in accordance with IFRSs as adopted by the European Union. We read the other information contained in the Annual Report and consider whether it is consistent with the audited financial statements. The other information comprises only the Executive Directors’ Review and the Directors’ Report. We consider the implications for our report if we become aware of any apparent misstatements or material inconsistencies with the financial statements. Our responsibilities do not extend to any other information. Our report has been prepared pursuant to the terms of our engagement letter dated 11 January 2007 and for no other purpose. No person is entitled to rely on this report unless such a person is a person entitled to rely upon this report by virtue of and for the purpose of the terms of our engagement letter or has been expressly authorised to do so by our prior written consent. Save as above, we do not accept responsibility for this report to any other person or for any other purpose and we hereby expressly disclaim any and all such liability. Basis of audit opinion We conducted our audit in accordance with International Standards on Auditing (UK and Ireland) issued by the Auditing Practices Board. An audit includes examination, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements. It also includes an assessment of the significant estimates and judgments made by the directors in the preparation of the financial statements, and of whether the accounting policies are appropriate to the group's circumstances, consistently applied and adequately disclosed. We planned and performed our audit so as to obtain all the information and explanations which we considered necessary in order to provide us with sufficient evidence to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or other irregularity or error. In forming our opinion we also evaluated the overall adequacy of the presentation of information in the financial statements. Opinion In our opinion the consolidated financial statements give a true and fair view, in accordance with IFRSs as adopted by the European Union, of the state of the group’s affairs as at 31 December 2006 and of its loss for the year then ended. Emphasis of matter - Regulatory issues In forming our opinion, which is not qualified, we have considered the adequacy of, and draw attention to, the disclosures made in note 21 to the financial statements concerning the risk of adverse action arising from regulatory developments in various countries. Note 21 includes a statement that the group has not been able to quantify any potential impact of the regulatory uncertainty on the financial statements for the year ended 31 December 2006.

BDO STOY HAYWARD LLP Chartered Accountants London

17 April 2007

Consolidated income statement

Consolidated balance sheet

Consolidated statement of changes in equity

Consolidated cash flow statement

@@start.t8@@Note      2006      2005
                         EUR        EUR

Net gaming revenue                      14,950,383         3,951,173

Operating expenses                      (4,088,098)        (3,260,233)
Administrative and other expenses                        (12,472,657)      (6,050,961)

Operating loss


Interest receivable        2          (1,610,372)        (5,360,021)


            5          94,184  180,801
Interest payable            5          (3,420) (2,953)


LOSS BEFORE TAX              (1,519,608)        (5,182,173)

Taxation            6          (1,053,487)        (153,786)

LOSS AFTER TAX FOR THE YEAR ATTRIBUTABLE TO THE EQUITY HOLDERS OF THE PARENT@@end@@

(2,573,095)

(5,335,959)

LOSS PER SHARE  7

Basic                 EUR 0.35            EUR 1.10
Diluted                          EUR 0.35            EUR 1.10

The notes on pages 12 to 27 form part of these financial statements.

@@start.t9@@Note      2006      2006      2005      2005
                         EUR        EUR        EUR        EUR
Assets

Non-current assets
Property, plant and equipment    8          2,534,990                        1,636,991
Goodwill            9          18,284,300                      20,947,659
Investments                    23,400                23,400
Deferred tax assets                    206,133              57,825


                                      21,048,823                      22,665,875

Current assets
Inventories        10         89,354                2,028
Trade and other receivables        11         2,632,509                        2,936,893
Cash and cash equivalents          12         8,000,142                        10,670,052


                                      10,722,005                      13,608,973


Total assets                                31,770,828                      36,274,848


Liabilities
Current liabilities
Trade and other payables            13         3,877,753                        6,422,463
Corporation tax payable              1,426,467                        1,242,288


Total current liabilities                                    5,304,220
7,664,751

Non-current liabilities
Financial liabilities    14         701,911              4,020,698

Total non-current liabilities                              701,911              4,020,698


Total liabilities                                    6,006,131                        11,685,449

TOTAL ASSETS LESS TOTAL LIABILITIES 25,764,697 24,589,399@@end@@

Equity attributable to equity holders of the company

@@start.t10@@Share capital    15                      560,649              521,146
Share premium                              29,971,069                      26,947,098
Merger reserve                            2,963,270                        2,963,270
Retained earnings                                    (9,764,826)                    (7,191,731)
Share benefit reserve                              1,807,993                        1,172,837
Cumulative translation reserve                            226,542              176,779


TOTAL EQUITY                                25,764,697                      24,589,399@@end@@

Approved and authorised for issue by the Board on 17 April 2007.

Günter Schmid Director

The notes on pages 12 to 27 form part of these financial statements.

Share
capital Share premium    Merger
reserve Accumulated
loss    Share
benefit
reserve            Cumulative
translation
reserve            Total
            EUR        EUR        EUR        EUR        EUR        EUR        EUR

Balance at 1 January 2005  328,739 14,670,281

-

(1,855,771)

-

- 13,143,249

Share capital issued      192,407 12,276,817
-

- - - 12,469,224

Loss for the year          -
-
-
(5,335,960)
-
-
(5,335,960)

Share benefit expense for the year         -          -
-          -
1,172,837

-          1,172,837

@@start.t11@@Merger relief    -          -          2,963,270
-          -          -          2,963,270

Foreign exchange            -          -          -          -          -          176,779
176,779

Balance at@@end@@

1 January  2006 521,146 26,947,098 2,963,270 (7,191,731)

1,172,837 176,779 24,589,399

@@start.t12@@Share capital issued      39,503  3,023,971          -          -          -          -
3,063,474
Loss for the year          -          -          -          (2,573,095)        -          -
(2,573,095)
Foreign exchange            -          -          -          -          -          49,763  49,763
Share benefit expense for the year         -          -
-          -
635,156
-          635,156
Balance at
31 December 2006            560,649 29,971,069
2,963,270          (9,764,826)
1,807,993
226,542 25,764,697

The following describes the nature and purpose of each reserve within total equity:@@end@@

Resource

Share capital:  Nominal value of amounts subscribed for share capital.

Share premium:  Amount subscribed for share capital in excess of nominal value.

Merger reserve: Amount subscribed for share capital in excess of
nominal value              when the shares have been issued as part of an
acquisition and at least 90% of the share capital is acquired.

Accumulated loss:          Cumulative net gains and losses recognised in
the consolidated              Income statement.

@@start.t13@@Share benefit reserve:  Fair value of share options and warrants granted.

Cumulative translation reserve: Cumulative foreign exchange movements.@@end@@

The notes on pages 12 to 27 form part of these financial statements.

Note      2006      2006      2005      2005
                         EUR        EUR        EUR        EUR
Cash flows from operating
activities
Loss before tax              (1,519,608)
            (5,182,173)

Adjustments for:
Depreciation                  1,058,415
            169,929

Impairment of goodwill reduction                         -
            70,810

Loss on sale of property, plant
and equipment                 -
            13,324

Interest received                        (94,184)
            (180,801)

Interest paid                 3,420
            2,953

Income tax paid              (1,017,616)
            -

Foreign exchange                         (176,196)
            -

Share benefit expenses                635,156
            1,172,837


                                      (1,110,613)
            (3,933,121)

Movements in trade and other

receivables 304,384

983,136

Movements in trade and other
payables                         (2,890,934)
            (1,660,260)

Movements in inventories                         (87,326)
            10,350


                                      (2,673,876)
            (666,774)

Net cash used in operating
activities                                  (3,784,489)
            (4,599,895)

Cash flows from investing activities Purchase of property, plant and equipment

(1,956,414)

(420,000)

Proceeds from sale of property,

plant and equipment                    -
            28,769

Acquisitions net of cash acquired                        (83,245)
            (9,094,167)

Interest Received                        94,184
            180,801

Net Cash used in investing
activities                                  (1,945,475)
            (9,304,597)

Cash flows from financing activities

Issue of ordinary  shares                        3,063,474
            11,439,802

Interest paid                 (3,420)
            (2,953)


Net cash generated from
financing activities                                3,060,054
            11,436,849

Net movement in cash and
cash equivalents                                      (2,669,910)
            (2,467,643)

Cash and cash equivalents at the beginning of the year 12 10,670,052

13,137,695

Cash and cash equivalents at
the end of the year
12                      8,000,142
            10,670,052

                                                  -

The notes on pages 12 to 27 form part of these financial statements.

            Note


Accounting policies        1

Operating loss  2
Staff costs        3
Segment information        4

Interest receivable/(payable)    5
Taxation            6
Loss per share  7

Property, plant and equipment    8
Intangible assets          9
Inventories        10

Trade and other receivables        11
Cash and cash equivalents          12
Trade and other payables            13
Non-current financial liabilities          14
Share capital    15
Financial risk management          16
Acquisitions      17
Related party transactions         18
Subsidiaries      19
Operating leases            20
Contingent liabilities  21

1 ACCOUNTING POLICIES

betbull plc is a company registered in the United Kingdom.  The consolidated financial statements that are presented are those of the company and its subsidiaries (the group).  The consolidated financial statements comprise the following: income statement, statement of changes in net equity, balance sheet, statement of cash flows and the notes contained on pages 12 to 26 of this report.  The following principal accounting policies have been applied in the preparation of the financial statements:

Basis of preparation

The consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (IFRSs) issued by the International Accounting Standards Board (IASB) and endorsed for use by companies listed on an EU regulated market.

The significant accounting policies applied in the financial statement of the group in the prior years are applied consistently in these financial statements.

Basis of consolidation

Where the company has the power, either directly or indirectly, to govern the financial and operating policies of another entity or business so as to obtain benefits from its activities, it is classified as a subsidiary.    The consolidated financial statements present the results of the company and its subsidiaries ("the group") as if they formed a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.

Accounting principles

In the current year, the Group has adopted all of the new and revised Standards and Interpretations issued by the International Accounting Standards Board (IASB) and the International Financial Reporting Interpretations Committee (IFRIC) of the IASB, as they have been adopted by the European Union, that are relevant to its operations and effective for accounting periods beginning on 1 January 2006. The adoption of these new and revised Standards and Interpretations has not resulted in any significant changes to the Group's accounting policies nor have they had a material effect on the amounts reported for the current or prior years.

The Group has chosen not to adopt early those standards which will become applicable in subsequent years. These include IFRS7 Financial instruments - disclosures, effective for periods beginning 1 January 2009: IFRS 8 Operating segments, effective for periods beginning 1 January 2009: IAS 23 (revised) Borrowing costs, effective for periods beginning 1 January 2009; and IFRICs 7 to 12, effective for periods beginning between 1 March 2006 and 1 January 2008. The implementation of these standards and interpretations is not expected to have a significant impact on the financial statements.

The areas requiring the use of estimates and critical judgments that may significantly impact the Group's earnings and financial position are taxation, regulatory compliance and contingent liabilities, share based payments, impairment of goodwill and the determination of the liabilities under earn out arrangements.  Estimates and judgments are continually evaluated and are based on historic experience and other factors including expectations of future events that are believed to be reasonable. Actual results may differ from these estimates.

The preparation of financial statements in conformity with generally accepted accounting principles requires the use of estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Although these estimates are based on management’s best knowledge of current events and actions, actual results ultimately may differ from those estimates. These areas include the carrying value of fixed assets, the treatment of transactions in foreign currencies and liabilities under share-based payments and tax. The accounting policies for these should be read in conjunction with relevant notes.

Business combinations

The consolidated financial statements incorporate the results of business combinations using the purchase method. In the consolidated balance sheet, the acquiree’s identifiable assets, liabilities and contingent liabilities are initially recognized at their fair values at the acquisition date. The results of acquired operations are included in the consolidated income statement from the date on which control is obtained.

1 ACCOUNTING POLICIES (Continued)

Goodwill

Goodwill represents the excess of the cost of a business combination over the interest in the fair value of identifiable assets, liabilities and contingent liabilities acquired. Cost comprises the fair values of assets given, liabilities assumed and equity instruments issued, plus any direct costs of acquisition.

Goodwill is capitalised as an intangible asset with any impairment in carrying value being charged to the income statement.

Where the fair value of identifiable assets, liabilities and contingent liabilities exceeds the fair value of consideration paid, the excess is credited in full to the income statement.

Impairment of non-financial assets

Impairment tests on goodwill and other intangible assets with indefinite useful economic lives are undertaken annually on 31 December.  Other non-financial assets are subject to impairment tests whenever events or changes in circumstances indicate that their carrying amount may not be recoverable.  Where the carrying value of an asset exceeds its recoverable amount (i.e., the higher of value in use and fair value less selling costs), the asset is written down accordingly.

Where it is not possible to estimate the recoverable amount of an individual asset, the impairment test is carried out on the asset’s cash-generating unit (i.e., the lowest group of assets in which the asset belongs for which there are separately identifiable cash flows).  Goodwill is allocated on initial recognition to each of the group’s cash-generating units that are expected to benefit from the synergies of the combination giving rise to the goodwill.

Impairment charges are included within the administrative expenses in the income statement.

Presentation currency

In view that the operating and functional currency has changed from GBP to EUR, the presentation currency has also been changed.

Foreign currency

Transactions entered into by group entities in a currency other than the currency of the primary economic environment in which it operates (the "functional currency") are recorded at the rates ruling when the transactions occur.  Foreign currency monetary assets and liabilities are translated at the rates ruling at the balance sheet date including goodwill arising on the acquisition of a foreign operation. Exchange differences arising on the retranslation of unsettled monetary assets and liabilities are similarly recognised immediately in the income statement.

All assets and liabilities of overseas operations, including goodwill arising on the acquisition of those operations, are translated at the rate ruling at the balance sheet date.  Exchange differences arising on translating the opening net assets at opening rate and the results of overseas operations at actual rate are recognised directly in equity (the "foreign exchange reserve").  Exchange differences recognised in the income statement of group entities’ separate financial statements on the translation of long-term monetary items forming part of the group’s net investment in the overseas operation concerned are reclassified to the foreign exchange reserve if the item is denominated in the functional currency of the group or the overseas operation concerned.

On disposal of a foreign operation, the cumulative exchange differences recognised in the foreign exchange reserve relating to that operation up to the date of disposal are transferred to the income statement as part of the profit or loss on disposal.

1 ACCOUNTING POLICIES (Continued)

Net gaming revenue

Net gaming revenue comprises the following:

@@start.t14@@a)         Exchange revenue: This comprises amounts for the provision of the
group’s betting exchange services and this is recognised at the date the market
is settled.
b)         Gaming revenue:  This comprises stakes taken net of returns, wins,
bonuses and commissions earned from betting on horses and sports both over the
Internet and through the group’s agents. Revenue is recognised on the date the
bet is placed.
c)         Commission earned: This comprises commissions earned from third parties
on activities connected with gaming.@@end@@

Tax

The major components of income tax on the profit or loss ordinary activities include current and deferred tax.

Current tax is based on the profit or loss from ordinary activities adjusted for items that are non-assessable or disallowed for tax purposes and is calculated using tax rates that have been substantively enacted by the balance sheet date.

Deferred tax assets and liabilities are recognised where the carrying amount of an asset or liability in the balance sheet differs to its tax base, excluding differences arising on:

@@start.t15@@•          The initial recognition of goodwill;
•          Goodwill for which amortization is not tax deductible;
•          The initial recognition of an asset or liability in a transaction which
is not a business combination and at the time of the transaction affects neither
accounting or taxable profit; and
•          Investments in subsidiaries and jointly controlled entities where the
group is able to control the timing of the reversal of the difference and it is
probable that the difference will not reverse in the foreseeable future.@@end@@

Recognition of deferred tax assets is restricted to those instances where it is probable that taxable profit will be available against which the difference can be utilised.

The amount of the asset or liability is determined using tax rates that have been substantively enacted by the balance sheet date and are expected to apply when the deferred tax liabilities/(assets) are settled/(recovered).

Deferred tax assets and liabilities are offset when the group has a
legally enforceable right to offset current tax assets and
liabilities and the deferred tax assets and liabilities relate to
taxes levied by the same tax authority on either: •          The same
taxable group company; or •          Different group entities which
intend either to settle current tax assets and liabilities on a net
basis, or to realise the assets and settle the liabilities
simultaneously, in each future period in which significant amounts of
deferred tax assets or liabilities are expected to be settled or
recovered.

Cash and cash equivalents

Cash comprises cash in hand and balances with banks. Cash equivalents are short term, highly liquid investments that are readily convertible to known amounts of cash.

Trade receivables

Trade receivables are recognised and carried at the original transaction value and an estimate for doubtful debts is made when collection of the full amount is no longer probable. Bad debts are written off when identified.

1 ACCOUNTING POLICIES (Continued)

Property, plant and equipment

All property, plant and equipment is initially recognised at cost.

Depreciation is provided to write off the cost or valuation, less estimated residual values, of all property, plant and equipment, evenly over their expected useful lives.  It is calculated at the following rates:

Plant, machinery and motor vehicles        - 25% straight line

Furniture, fixtures and fittings            - 25% straight line
Computer equipment         - 25% straight line
Leasehold property

improvements - 25% straight line Inventories

Inventories are initially recognised at cost, and subsequently at the lower of cost and net realisable value.  Cost comprises all costs of purchase, costs of conversion and other costs incurred in bringing the inventories to their present location and condition.

Financial instruments

The carrying amounts of cash and cash equivalents, trade and other receivables and trade and other payables approximate to their fair value.

The group does not hold or issue derivative financial instruments for trading purposes.

Trade and other payables

Trade and other payables are recognised and carried at original transaction values.

Equity

Equity issued by the company is recorded as proceeds received.

Leases

Where leases are classified as operating lease rentals payable are charged to the income statement on a straight-line basis over the term of the lease.

Segmental information

The group operates mainly in two primary segments, the exchange and gaming. These are situated primarily in the UK and Continental Europe respectively.

Share-based payments

Where share options or warrants are awarded to employees, the fair value of the options (or warrants) at the date of grant is charged to the income statement over the vesting period.  Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each balance sheet date so that, ultimately, the cumulative amount recognised over the vesting period is based on the number of options that eventually vest.  Market vesting conditions are factored into the fair value of the options granted.  As long as all other vesting conditions are satisfied, a charge is made irrespective of whether the market vesting conditions are satisfied.  The cumulative expense is not adjusted for failure to achieve a market vesting condition.

Where the terms and conditions of options are modified before they vest, the increase in the fair value of the options, measured immediately before and after the modification, is also charged to the income statement over the remaining vesting period.

Where equity instruments are granted to persons other than employees, the income statement is charged with the fair value of goods and services received.

2 OPERATING LOSS 2006

@@start.t16@@EUR        2005
EUR
This is arrived at after charging

Staff costs (excluding directors' remuneration) 5,053,005          1,865,796

Directors’ remuneration including non-executive directors          826,218 506,073

Share benefit charge      635,156 1,172,837

Depreciation on property. plant and equipment    1,058,415          169,929@@end@@

Audit fees         126,184 182,743

Goodwill impairment        -          70,810

Lease expenses  1,569,551 228,236

Loss on disposal of fixed assets            -          13,324

3 STAFF COSTS    2006
EUR        2005

EUR

Staff costs (including directors) comprise

Wages & Salaries            5,160,897          2,219,356

Employer’s national insurance contributions and similar taxes     718,326 152,513

5,879,223          2,371,869

The average number of employees of the group during the period, including executive directors, was 109 (2005 - 150).

4 SEGMENT INFORMATION

The group’s primary format for reporting segment information is business segments.

Exchange            Gaming  Total    Exchange            Gaming  Total
            2006      2006      2006      2005      2005      2005
            EUR        EUR        EUR        EUR        EUR        EUR
Net gaming revenue         77,855
14,872,528
14,950,383
99,943
3,851,230

3,951,173

Segment expenses            (1,258,494)
(12,203,026)
(13,461,520)
(3,560,883)
(3,307,109)
(6,867,992)

Segment results (1,180,639) 2,669,502 1,488,863 (3,460,940) 544,121 (2,916,819)

Unallocated corporate expenses

(3,099,235)

(2,443,203)

Operating loss                            (1,610,372)
                         (5,360,022)


Interest Receivable                                 94,184
                         180,801

Interest Payable                                      (3,420)
                         (2,953)

Taxation                                      (1,053,487)
                         (153,787)


Loss after taxation for the year                                      (2,573,095)
          (5,335,961)

                                      EUR                                 EUR
Assets


Exchange                                      60,892                            623,184

Gaming                            2,796,811
                         6,603,035

Unallocated corporate assets                                28,913,125
                         29,048,629


Total Assets                                31,770,828
                         36,274,848


Liabilities
Exchange                                      401,294
                         882,394

Gaming                            863,791
                         3,707,143

Unallocated corporate liabilities                                    4,741,046
                         7,095,912


Total liabilities                                    6,006,131
                         11,685,449

The group’s secondary reporting format for reporting segment information is on a geographic basis.

External revenue by

location of customer      Total assets by
location of assets         Capital expenditure by
location of assets
            2006      2005      2006      2005      2006      2005
            EUR        EUR        EUR        EUR        EUR        EUR

UK         77,855

99,943 20,629,213 29,383,732 - 24,410

Continental Europe         14,872,528
3,851,229
11,141,615
6,891,116
2,018,259
395,587

14,950,383

3,951,172 31,770,828 36,274,848 2,018,259 419,997

5 INTEREST RECEIVABLE/(PAYABLE)
2006
EUR        2005
EUR

Interest receivable        94,184
180,801

Finance income  94,184 180,801


Interest payable            (3,420)

(2,953)

Total finance expense    (3,420) (2,953)

Net finance income         90,764
177,848

6 TAXATION         2006
EUR        2005
EUR

@@start.t17@@Current tax expense for the year            1,053,487
153,786

            1,053,487
153,786

The tax expense for the year can be reconciled to the loss per the income statement as follows:

Loss before tax (1,519,608) (5,182,174)

Tax calculated at the UK tax rate of 30%            (455,882)@@end@@

(1,554,652)

@@start.t18@@Effect of different tax rates of subsidiary operations in other jurisdictions
and unutilised tax losses across the group            1,509,369
1,352,995

Tax losses carried forward         -@@end@@

47,871

Total tax expense for the year  1,053,487 153,786

@@start.t19@@The current tax is calculated with relevance to the loss of the company and its subsidiaries in their respective countries of operation:

UK         Rate of 30.0%
Malta    Rate of 35.0%@@end@@

Germany Rate of 30.5%

There is a deferred tax asset at the year end of EUR 206,133 - (2005 - EUR 57,825) in respect of temporary timing differences in Malta.

Due to the structure of the group it is not possible to relieve unutilised tax losses of approximately EUR 2.75 m - (2005 - EUR 1.98 m) at the present time and therefore no further deferred tax asset has been provided.

7 LOSS PER SHARE

Basic loss per share

Basic loss per share had been calculated by dividing the net loss attributable to ordinary shareholders by the weighted average number of ordinary shares in issue during the year.

2006
EUR        2005
EUR
Net loss attributable to ordinary shareholders  (2,573,095)
(5,335,959)

Weighted average number of ordinary shares         7,295,719
4,855,993

Basic loss per share      EUR 0.35

EUR 1.10

Diluted loss per share  EUR 0.35 EUR 1.10

As the company has made a loss for the period, the impact of issued share options and warrants is to reduce the loss per share. In consequence, the potential ordinary shares are antidilutive and are not taken into account when calculating diluted earnings per share.

Details of share options and warrants that are potentially dilutive are disclosed in note 15 to the financial statements.

8 PROPERTY, PLANT AND EQUIPMENT

Leasehold property improvements Plant machinery and motor vehicles
Fixtures and fittings    Computer equipment         Total
Cost      EUR        EUR        EUR        EUR        EUR
At 1 January 2006
Cost or valuation          66,156

54,428 1,493,599 197,913 1,812,096

Additions          -
63,534
1,869,096
23,784
1,956,414

At 31 December 2006        66,156

117,962 3,362,695 221,697 3,768,510

Depreciation
At 1 January 2006          -

3,401 103,045 68,659 175,105

Charge for year - 34,811 1,009,784 13,820 1,058,415

At 31 December 2006        -
38,212

1,112,829 82,479 1,233,520

Net book value

At 31 December 2006 66,156

79,750

2,249,866

139,218

2,534,990

Net book value At 31 December 2005 66,156 51,027 1,390,554 129,254 1,636,991

@@start.t20@@8 PROPERTY, PLANT AND EQUIPMENT (Continued)

            Leasehold property improvements Plant machinery and motor vehicles
Fixtures and fittings    Computer equipment         Total
Cost      EUR        EUR        EUR        EUR        EUR
At 1 January 2005
Cost or valuation          32,056
-
43,122@@end@@

164,222 239,400

Additions          74,168
54,428
1,459,483
45,109
1,633,188

Disposals          (40,068)
-
(9,006)
(11,418)
(60,492)

At 31 December 2005        66,156

54,428 1,493,599 197,913 1,812,096

Depreciation
At 1 January 2005          3,339

- 4,175 16,062 23,576

Charge for year 10,016 3,401 100,155 56,356 169,928

Disposals          (13,355)
-
(1,285)
(3,759)
(18,399)

At 31 December 2005        -
3,401

103,045 68,659 175,105

Net book value At 31 December 2005 66,156 51,027

1,390,554

129,254

1,636,991

@@start.t21@@Net book value At 31 December 2004 28,717 - 38,947 148,160 215,824

9 INTANGIBLE ASSETS - GOODWILL
            2006      2005
            EUR        EUR

Brought forward 20,947,659 -

Additions
-through business combinations (see Note 17)      -
20,841,690

-through business purchases (see Note 17)          124,437 -
Additional fees connected with acquisition in prior year            82,245  -
Foreign exchange            225,959
176,779

Impairment losses          -          (70,810)

Reduction in earn out consideration        (3,096,000)
-


At 31 December 2006        18,284,300
20,947,659@@end@@

10 INVENTORIES  2006      2005
            EUR        EUR

Goods held for resale    89,354 2,028

11 TRADE AND OTHER RECEIVABLES
            2006
EUR        2005
EUR

Prepayments and accrued income  145,515 260,213

Other receivables          2,486,994
2,676,680

            2,632,509
2,936,893

The carrying amount of trade and other receivables approximates to their fair value.

12 CASH AND CASH EQUIVALENTS
            2006
EUR        2005
EUR

Cash on hand and current accounts          7,930,288
7,924,550

Deposits in unitised cash funds 69,854

2,745,502

Cash at bank and on hand            8,000,142
10,670,052

Deposits in unitised cash funds comprise deposits invested in money markets and are available for withdrawal at short notice. The carrying value of these deposits are approximate to their fair value.

13 TRADE AND OTHER PAYABLES        2006      2005
            EUR        EUR

Players' balances          307,491
418,240

Trade payables  957,593 960,203

Other payables  495,287 249,587

@@start.t22@@Accruals and deferred income      617,382
1,587,463

Bank borrowings - 23,971

Amount due to shareholders (see note 17)            1,500,000
3,182,999

            3,877,753
6,422,463

Bank borrowings due within one year incur interest at the rate of 6.7% per annum.@@end@@

The carrying value of trade and other payables equates to their fair value.

@@start.t23@@14 NON-CURRENT FINANCIAL LIABILITIES

2006

2005
            EUR        EUR

Amount due to shareholders (see note 17)            701,911
3,913,002

Bank borrowings - 107,696

            701,911
4,020,698

Bank borrowings are due for repayment between two and five years and incur interest at 6.69% - (2005 - 6.69%) per annum.

15 SHARE CAPITAL

            2006      2006      2005      2005
Number of ordinary shares          Number  EUR        Number  EUR

Issued and fully paid    7,621,431 560,649 7,087,500@@end@@

521,146

Authorised         100,000,000

7,399,000 100,000,000 7,353,000

Shares issued during the year and significant terms and conditions:

@@start.t24@@•          On 22 May 2006, 105,000, 5p ordinary shares were issued for a total
consideration of EUR735,000
•          On 12 July 2006, 300,000, 5p ordinary shares were issued for a total
consideration of EUR 1,797,957
•          On 21 December 2006, 21,000 5p ordinary shares were issued for a total
consideration of EUR 84,000
•          On 28 December 2006, 25,000, 5p ordinary shares were issued for a total
consideration of EUR 100,000
•          On 29 December 2006, 82,931, 5p ordinary shares were issues for a total
consideration of EUR 346,517@@end@@

All issued shares are fully paid. The holders of ordinary shares are entitled to receive dividends when declared and are entitled to one vote per share at meetings of the company.

Warrants and Share Options

The group has issued warrants to two directors and to Erste Bank and issued options to certain employees.

Warrants            2006      2006
            Number of warrants         Exercise price
EUR

At 1 January 2006          354,228


Warrants exercised         (105,000)
Granted during the year:
Mr. G. Schmid (Kapsner & Schmid GmbH)    50,772
3.60

Mr. S. Bold        90,000

3.60

At 31 December 2006        390,000

Warrants            2005      2005
            Number of warrants         Exercise price
EUR

At 1 January 2005          105,000 7.00

Granted during the year:
Mr. G. Schmid (Kapsner & Schmid GmbH)    114,228 3.60
Mr. S. Bold        135,000 3.60

At 31 December 2005        354,228

The warrants granted during the year were granted in equal installments on a monthly basis from January to June 2006 and were granted in lieu of salary. Warrants vest on the grant date and this is also the date from which they become exercisable.  The life of the warrants is 5 years.

Warrants in existence at 1 January 2006 amounting to 105,000 were exercised on 22 May 2006.

15 SHARE CAPITAL (Continued)

2006 No. of options 2006

Exercise
Price
                         EUR
Options

At 1 January 2006          103,166

Lapsed during the year  (42,833)

Granted during the year 60,000 4.88

At 31 December 2006        120,333

2005

No. of
options 2005
Exercise
Price
                         EUR
Options

At 1 January 2005          236,000 4.76
Lapsed during the year  (152,834)          4.76
Granted during the year 20,000  3.95

At 31 December 2005        103,166

The above options vest in tranches over five years from the date of grant based on non-market performance conditions.  If such conditions are not met the options lapse.  None of the outstanding options at 31 December 2006 had vested. The options are exercisable on the date they vest.

The warrants and options have all been valued using the Black-Scholes model.

The following table gives the assumptions made during the year ended 31 December 2006

2006      2005

Dividend yield (%)         -          -
Expected volatility (%) 93         64
Risk free interest rate (%)        4.5        4.5

All options and warrants granted during the year are equity settled. The share price at the date the options were granted was EUR 4.40 and the scheme price on the date the warrants were granted was EUR 3.60.

In accordance with International Financial Reporting Standards, a charge to the income statement in respect of any warrants or options granted under the above schemes will be recognised and spread over the vesting period based on fair value at the date of grant, adjusted for changes in vesting conditions at each balance sheet date.  The charge has no cash impact.

2006      2005
            EUR        EUR

Charges in respect of warrants  573,237 1,029,273 Charges in respect of options    61,919  143,564


            635,156 1,172,837

16 FINANCIAL RISK MANAGEMENT

The group’s financial instruments comprise cash and liquid resources and various items, such as trade receivables and payables that arise directly from the operations.  The main purpose of these financial instruments is to raise finance for the group’s operations.

In carrying out its various operations, the group is exposed to currency and liquidity risk. Betbull’s policy for managing and investing funds that are not immediately required is to place such funds in products that provide a return of around 3.5% per annum, carry only a very small amount of risk and are near instant access.   Given the nature of the group’s transactions and the level of liquid resource available, the directors do not consider the level of financial risk to be significant at the current time. However, the directors will continue to monitor this situation. There is no significant concentration of credit risk.

17 ACQUISITIONS

During the year

Fair value of assets acquired    EUR        EUR

Property, plant and equipment    1,960

                         1,960

Consideration payable

Cash      1,000

Earn out consideration  125,397
                         126,397

Goodwill (Note 9)                        124,437

On 1st January 2006 Penalty GmbH acquired the business of a third party sub-agent which operates three retail betting units.

In prior year

On 30th September 2005 the group acquired 100% of the voting equity instruments of the Leip Group. The Group consists of four entities :

Primebet International Limited Wettenleip GmbH Penalty GmbH OST GmbH

The principal activities of these companies are detailed in note 19 to the financial statements.

Details of the fair value of identifiable assets and liabilities acquired, purchase consideration and goodwill are as follows:

Fair value of assets acquired    EUR        EUR

Property, plant and equipment    1,186,305

Cash      1,827,031

Inventories        11,378


Receivables        3,643,088


Payables            (5,486,375)

                         1,181,427

17 ACQUISITIONS (Continued)

Consideration payable

Cash paid          9,935,043


Costs of acquisition      727,350

700,000 ordinary shares 3,992,691

Earn out consideration  7,096,001


                         21,751,085

Goodwill (Note 9)

20,569,658

The fair value of the shares issued was determined by reference to their quoted market price at the date of acquisition.    The fair value of assets and liabilities acquired are equal to their book value.

The Earn-out consideration is dependent on the performance of the Leip Group in the period to 31 December 2010.  Earn-out hurdles are applicable in each of the years to that date and the directors have based the fair value of consideration due under the earn-out agreements on projected results as at 31 December 2005.

On 30 November 2005 the group acquired 100% of the voting equity instrument of GBO Limited, the principal activity of which is detailed in note 19 to the financial statements.

Details of the fair value of identifiable assets and liabilities acquired, purchase consideration and goodwill are as follows.

Fair value of assets acquired    EUR        EUR

Property, plant and equipment    26,868


Cash      92,958


Inventories        1,000


Receivables        76,378


Payables            (117,491)

                         79,713

Consideration Paid

Cash paid          351,745


                         351,745

Goodwill (Note 9) 272,032

If the acquisitions had occurred on 1 January 2005, group turnover would have been EUR 7,227,840 and group loss for the year would have been EUR 2,026,815.

Total goodwill arising:

30 September 2005          20,569,658
30 November 2005            272,032

Total Goodwill  20,841,690

In view of the legal situation in Germany (note 21) and based on current evidence the company has at its disposal, the maximum earn out hurdles will not be met and as a consequence goodwill and creditors have been reduced by the value of EUR 3.1 m.

18 RELATED PARTY TRANSACTIONS

Related party transactions

During the year the group obtained services totaling EUR 18,215 - (2005 - EUR Nil) from Pillsbury Winthrop Shaw Pittman LLP, an entity in which one of the non-executive directors can exercise significant influence.  In addition, the balance due by Bwin International Limited to the group at 31 December 2006 was EUR 16,357 - (2005 - EUR 19,261).

Amounts paid to key management during the year totaled EUR 826,218 - (2005 - EUR 506,073).  Key management also received warrants with a fair value of EUR 573,237 - (2005 - EUR 874,956).

19 SUBSIDIARIES

The following companies were subsidiaries of betbull Plc at the end of the year and have been included in the consolidated financial statements:

@@start.t25@@Name      Country of registration and operation    Proportion of voting rights and
ordinary share capital held        Nature of business


Betbull Limited Gibraltar          100%      Internet betting services
Betbull Bookmakers Limited         UK         100%      Internet betting services
Betmart Bookmakers Limited         UK         100%      Internet betting services
Betpoint SL        Spain    100%      Betting agencies
Primebet International Limited  Malta    100%      Gaming services
Wettenleip GmbH Germany 100%      Betting agencies
Penalty GmbH      Germany 100%      Betting agencies
GBO Limited        UK         100%      Betting agencies
OST GmbH            Germany 100%      Administrative services

20 OPERATING LEASES

Future minimum lease payments due by the group under operating leases are set out below:


            Land and@@end@@

buildings
2006      Land and
buildings
2005
            EUR        EUR

Not later than one year 1,027,972 398,134

Later than one year and not later than five years          3,169,835
2,195,651

Later than five years    143,200 178,446

            4,341,007

2,772,231

21 CONTINGENT LIABILITIES

From time to time the Group is subject to legal claims and actions. The Group takes legal advice as to the likelihood of success of the claims and actions and no provision or disclosure is made where the directors feel, based on that advice, that action is unlikely to result in a material loss or a sufficiently reliable estimate of the potential obligation cannot be made.

As part of the Board’s ongoing operational risk assessment process, the Board continues to monitor legal and regulatory developments, and their potential impact on the business, and continues to take appropriate advice in respect of these developments.

Regulatory developments- United States of America

On 29 September 2006 the United States Congress passed the Unlawful Internet Gambling Enforcement Act (UIGEA). The Act makes it a crime for anyone involved in the business of betting and wagering to knowingly accept, from transactions originating in the United States of America, payments, wire transfers or any other bank instrument in connection with unlawful internet gambling. The Act was enacted into law when signed by President Bush on 13 October 2006. The activity by the regulatory authorities in the US has created uncertainty as to further actions that may occur, if any.

The Company is not aware of having ever taken any bets from US customers.

Current legal situation - Germany

The German law on gaming is currently surrounded with a level of legal uncertainty in the areas of public law, criminal law and civil law.  A majority of federal states strive for the maintenance, strengthening and expansion of the existing national gaming monopoly and as noted in the Executive directors’ review, a number of retail betting units were closed by the authorities in the year. The ruling in respect of sports betting by the federal constitutional court in March 2006 could not clarify all relevant general policy matters. Pending proceedings on national and supranational levels these issues will still take considerable time to resolve.

Consequently the Boards’ view is that the status quo will be maintained and that the company is operating within the law.

Legal Situation - Other European Countries

With the uncertainty of the on-line gaming market in France the Board took a decision to cease taking any bets from French customers with effect from September 2006.

The Board also considered and reviewed the various legal situations in other European countries in which the group operates.

The Board does not consider it probable that a material liability will arise in respect of its historic or current activities and does not believe that a sufficiently reliable estimate of any potential liability can be made in connection with each of the above matters. Consequently, no provision has been made in these financial statements.

@@start.t26@@end of announcement                                                 euro adhoc 18.04.2007 12:02:21
--------------------------------------------------------------------------------@@end@@

ots Originaltext: betbull - The European Betting Exchange Plc.
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Betbull plc
David De Marco
Investor Relations
Tel.:    +356 21480131
e-Mail: d.demarco@betbull.com

Branche: Casinos & Gambling
ISIN:      AT0000615331
WKN:        A0DKM0
Börsen:  Wiener Börse AG / stock market



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