Notification
'(1) Our Company confirms that discussions are being held with the joint venture INTRALOT S.A - INTRALOT INTERNATIONAL LTD' about the game 'Pame Stihima' in order to make it more attractive for the players. Given the fact that the negotiations are still ongoing it is, certainly, obvious that any reference to any particular matters is not possible (at this stage). Our Company will duly notify the investors immediately after the making of any relevant resolution.
(2) It is noted that the declining course of the game 'Pame Stihima' during the fourth quarter of 2004, which, in the management's opinion, was due to the introduction of the game 'Kino' as well as to the increasing illegal competition, has accelerated during the first quarter of 2005. The decline has been steeper especially during March because, always in the management's opinion, of circumstantial reasons, i.e. due to the lack of a full games schedule, the overlapping with the World Cup qualifiers and wi th the catholic Easter holiday.
(3) However, on an overall basis, the Company achieved an increase of revenues of approximately 26% during the first quarter of 2005, compared to the same period in 2004, reflecting its continuing successful roll-out of Kino. This revenue increase results in a comparable increase in adjusted operating profits (prior to the effect in the first quarter of 2004 of the Company's release of certain provisions, as previously disclosed) pursuant to International Financial Reporting Standards.
(4) Finally, detailed reference to particular financial data will occur during the impending announcement of the Company's financial results for the first quarter of 2005, once they will have been finalised and approved by its board of directors scheduled for next week.