Reply to ATHEX Letter
Following a question that you posed to us in your letter dated 7.12.2006/58013 and in accordance with the timely and accurate information provided to the investment community following the ASE''s regulation articles 281 and 285, with regards to publications of the financial press on the Turkish Lottery, our response is as follows:
The relative decision of the court has not been officially served to Inteltek. In accordance with information of the company, the Administrative Court of First Instance of Ankara issued a decision under which it rejects the petition for the suspension of the execution of the contract between Spor Toto and Inteltek. Consequently the contract continues to be executed in the normal manner. Furthermore the same court referred the issue on deciding on whether for the said contract the laws for public procurement are applicable to the competent authority for public procurement which nevertheless had previously decide that it has no competence for the said contract. It is clarified that all parties involved as well as Inteltek have the right to appeal against such decision of the Administrative Court of First Instance and furthermore to have a recourse against the decision of the competent authority for public procurement.
Should there be any further developments regarding the above mentioned issues and should further decisions will be taken by the company''s competent corporate bodies, our Company will proceed to the appropriate announcements towards the regulating authorities and the investment public, as the existing legislation dictates.