Intralot - On target. Liquidity tighter.

All,

Intralot are right in line with model except for the working capital/FX/Tax outflow.

- Proportionate (parent view) cash EBITDA was 19m as per model (including equity stakes)

- WC, FX and taxes was E-9.2m vs flat per model

- CapEx was E-16.8m vs. E15.1m

The definition of "Cash from the Parent View” is slightly different from our definition of proportionate cash and includes only the 100% owned businesses (+Malta). We will be using the “Cash from Parent View” definition going forward.

The call is at 3pm.

Wolfgang