INTRALOT S.A. - INTEGRATED LOTTERY SYSTEMS AND SERVICES ("INTRALOT") announces today that the offering (the "Offering") of up to EURO 200 million senior unsecured exchangeable notes due 2013 (the "Exchangeable Notes") will be launched. 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 Offering will be made outside the United States exclusively to institutional investors who are non-US persons and will be completed by way of a book building. Deutsche Bank AG and UBS Limited 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 the 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 20 December, 2006, while a new announcement will follow on the results of the Offering.
THIS ANNOUNCEMENT 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
In connection with the Offering of the Exchangeable Notes, Deutsche Bank AG (the "Stabilising Manager") or any person acting on behalf of the Stabilising Manager, may over-allot and effect transactions with a view to supporting the market price of the Exchangeable Notes at a level higher than that which might otherwise prevail. However, there is no assurance that the Stabilising Manager(s) (or persons acting on behalf of the Stabilising Manager) will undertake stabilisation action. Any stabilisation action shall begin on or after the date on which adequate public disclosure of the final terms of the offer of the Exchangeable Notes is made and, if begun, may be ended at any time, but it must end no later than the earlier of 30 days after settlement and 60 days after the allotment of the Exchangeable Notes.
IN NO CASE WILL ANY STABILISATION ACTION BE TAKEN ON THE ATHENS EXCHANGE AND/OR IN CONNECTION WITH INTRALOT''S SHARES.