OPAP S.A. is pleased to announce the new agreement signed yesterday between the Governments of Greece and Cyprus, which will allow, for the operation of games in the Republic of Cyprus on a commercial basis.

OPAP S.A. has been operating its existing range of games in the Republic of Cyprus, with the exception of ?Stihima?, since 1969, through a network of approximately 160 outlets today.

The management of OPAP S.A. wishes to express its satisfaction at the outcome of the negotiations and will provide further details on the terms of the agreement and its expected impact on OPAP's financial statements which will be released by the end of this month.