Reply to letter of Capital Market Commission
In order to better inform the investment public based on the decision 3/347/12.7.2005 of the Capital Market Commission’s BoD and a relevant question by the Capital Market Commission through a letter dated 4.8.2011/3762, the Company clarifies regarding the announcement by 3.8.2011 the following:
1) The memorandum of cooperation with OPAP S.A. has as a starting date the expiry date of the existing contract which has been extended by one year starting July 30th, 2011, following OPAP S.A. exercising of its right to extend on the same terms.
2) The value resulting from the signing of the memorandum of cooperation with OPAP S.A. with a subject as described in INTRALOT’s announcement dated 3/8/2011 was agreed at 23 million euro per year (for the 1+1 year), which will be reduced by 1 million euro per year should the duration of the agreement be prolonged for a period longer than two years and up to five years.