As part of the obligations of the Company, according to Article 4.1.4.3.2 of the ATHEX regulation, OPAP S.A.announces that a conference call took place on March 8^th, 2013 whereby the Management informed the analysts and institutional investors on the Group financial results for the fiscal year 2012. The major figures of the FY12 financial statements were presented:

• Revenues down 8.9% to €3,971.6m (2011: €4,358.5m), demonstrating considerable resilience in a harsh macroeconomic environment.
• EBITDA down 8.2% to €673.8m (2011: €734.2m). EBITDA in Q4 reached €174.2m (2011: €185.0m) decreasing at a slower pace (5.8%) compared to the revenue decline on the back of successful risk management and on-going cost containment.
• Broadly flat EBITDA margin at 17.0% vs. 16.9% in 2011
• Distribution cost down 7.2% to €108.0m (2011: €116.3m)
• Net Profit down 6.0% to €505.5m (2011: €537.5m). Net profit in Q4 2012 increased by 4.3% at €133.8m due to higher net interest income and lower taxes.
• Earnings per share down 6.0% to €1.58 (2011: €1.68)
• Dividend per share at €0.57

Regarding the technology provider contract, the Chairman and CEO, Mr. Louropoulos, had the opportunity to clarify that in the bid and selection process, OPAP started with a potential 10-year contract. However, post negotiations, the Company has the right to terminate the contract after 3 years.  Then it follows a six months negotiations period and an 18 months conversion period, allowing ample time to convert to any new technology. 

The absolute price of the new contract is not to be disclosed at this point, but should be expected in the next few days.  However, the annual technology costs for the new period will be significantly reduced compared to the current annual IT costs, and the same as these would have been in the 10-year period. 

Peristeri, 08.03.2013

OPAP S.A.