INTRALOT S.A. " INTEGRATED LOTTERY SYSTEMS AND SERVICES ("INTRALOT") announces that the offering (the "Offering") of up to EURO 200 million senior unsecured exchangeable notes due 2013 (the "Exchangeable Notes") was successfully completed. Intralot''s Luxembourg subsidiary, Intralot Luxembourg SA, will act as issuer of the Exchangeable Notes. The Exchangeable Notes will be exchangeable for bonds, to be issued by Intralot, which will be convertible into Intralot ordinary shares (the "Convertible Bonds"). The Convertible Bonds will be issued in accordance with the specific resolution adopted at the Second Adjourned Meeting of 22nd September, 2006 of the Extraordinary Shareholders Meeting of Intralot of 24th August, 2006.
The Exchangeable Notes have a coupon of 2.25 per cent per annum payable semi-annually in arrear and a yield of 4.125 per cent.
The conversion prices is expected to be set at Euro 30.50, which represents a premium of approximately 28 per cent above the reference price of Intralot''s shares on the Athens Exchange at the time of the Offering.
The Offering was made outside the United States exclusively to institutional investors who are non-US persons and was completed by way of a book building. Deutsche Bank AG and UBS Limited who are acting as Joint Global Co-ordinators and Joint Bookrunners of the Offering. Application will be made for the admission of the Exchangeable Notes to the official list of Luxemburg Stock Exchange and application will be made for the admission of the Exchangeable Notes to trading on the Luxembourg Stock Exchange''s Euro MTF Market.
The issue of the Exchangeable Notes and the Convertible Bonds, which will take place concurrently, is expected to be completed by 20th December, 2006.
THE PRESENT IS NOT AN OFFER OF THE EXCHANGEABLE NOTES, THE CONVERTIBLE BONDS OR THE SHARES OF INTRALOT TO THE PUBLIC.
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY INTO OR IN THE UNITED STATES (OR TO US PERSONS), AUSTRALIA, CANADA, ITALY OR JAPAN OR IN ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW