Completion of the concession process for granting the exclusive license to organize and conduct horse races mutual betting to “Horse Races S.A.”

OPAP S.A. announces that following the fulfillment of the conditions provided in the concession agreement between the company Horse Races S.A. and the HRADF, including the ratification of the concession agreement and its annexes by the Hellenic Parliament, the company Horse Races S.A. (100% subsidiary company), acquired the exclusive right to organize and conduct land-based and online mutual horse race betting in Greece for 20 and for 5 years respectively. As stipulated by the concession agreement, the activity is expected to begin within December.

According to this right, the company undertakes: a) organizing and conducting horse races in Greece, b) organizing and conducting mutual betting in relation to horse races conducted in Greece, c) carrying out activities relevant to horse race betting at national and international level, d) organizing and conducting additional mutual betting on horse races (sweepstake) and e) organizing and conducting mutual betting on horse races conducted via the internet.

The objectives of the company Horse Races S.A. are the development of Greek horse racing, the further spread of the sport in Greece as well as offering the public a modern playing experience, both in Greek and international horse races, in accordance with the most current principles of responsible gaming – for the implementation of which OPAP S.A. was recently certified by the international organization World Lottery Association (WLA).

Athens 25.11.2015

OPAP S.A.