FINANCIAL HIGHLIGHTS

• Profit before tax from continuing operations increased by 27% to £11.6m (2006: £9.1m)


• Earnings per share from continuing operations of 12.8p (2006: 12.8p, adjusted following share consolidation)


• Net debt (excluding deferred consideration for Vernons pools business (Vernons)) reduced to £86.5m (2006: £89.9m). Including the fair value of deferred consideration payable to Ladbrokes in December 2008 and December 2009, net debt amounts to £92m


• Successful Placing and Open Offer raising over £41.4m to part fund acquisition of Vernons and provide additional working capital for investment in enlarged Group


• Re-negotiated banking facilities with improved interest rate margins, covenants and repayment terms, providing a more appropriate platform for growth


• Reduction in gearing ratio by over a third from 77% to 49% over the last two years

OPERATIONAL HIGHLIGHTS

• Acquisition of Vernons – which is trading well and being successfully integrated, delivering operational and financial synergies


• Enhanced new products launched including Premier 10, Fantasy Football, predictor games, fixed odds games and relaunch of Spot the Ball


• Significant progress in the upgrade of technology and distribution channels following partnerships with Scientific Games and Orbis


• Signing of a data and marketing agreement to become official licensees of the Premier League and Football Leagues and official partners of Scottish equivalents


• Launch of The New Football Pools brand with full-scale relaunch of the football pools business on target for August 2008