OPAP SA announces to the investor community that pursuant to article 13.2 of the agreement dated 31.07.2007 between OPAP SA and the consortium of INTRALOT SA.-INTRALOT INTERNATIONAL LTD and the BETTING COMPANY SA, the later exercised in writing its put option right, whereby it is entitled to transfer to OPAP S.A. the following: V- the license to use the Source Code of the Games' software (game ware), of the central system and of all the agency terminals until 31.12.2016,
- the license to use the applications' software for the provision of added value services until 31.12.2016, and
- the license to use the games' software of all the agency terminals until 31.12.2016.
The total fee for the above amounts to ?58,520,000 (plus VAT) and is payable in 11 equal quarterly installments, (i.e., up until the expiration of the three year agreement). The first installment will be paid within ten days from today.
It should be noted that the above mentioned option right has been recorded in the Company's 9M Financial Statements announced on 21.11.2007.