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Fortuna Entertainment Group shares debut on the stock exchange in Warsaw

NOT FOR RELEASE, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN.

The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States or to US persons unless the securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available. No public offering of the securities will be made in the United States.

WARSAW (October 28th, 2010) Fortuna Entertainment Group NV shares debuted today on the stock exchange in Warsaw. The opening price was PLN 16.98 and was almost equal to the Offer Price. The Company's shares debuted also on the stock exchange in Prague on October 22nd 2010 (conditional listing) and since October 27th 2010 the company's shares are being traded on a regular basis on the Prague Stock Exchange. 

The final pricing of Sale Shares and New Shares was announced on October 21st at EUR 4.30 per share which is slightly below the maximum price. The size of the Offering, including shares subject to the Over-Allotment Option, amounts to EUR 78.26 mil. The interest and demand positively surprised the company. 

A total of 18.200.000 Offer Shares of the Company have been allotted in the base offering, including 2.000.000 newly issued shares, which represents 35% of the issued capital of Fortuna. The total capitalization of the Company, including the issue of New Shares, calculated on the basis of Offer Price amounted to EUR 223.6 million.

Demand for shares in the entire Offering exceeded the value of the offered shares nearly twice.

Jiří Bunda, Chairman of the Management Board and CEO of Fortuna Entertainment Group, comments: “The stock market debut of Fortuna Entertainment Group is an important event in the history of the Company which will enable us to continue setting high standards and trends in the fix-odds betting sector, and build even better relationships with customers. We would like to thank Polish investors for the interest in our shares, particularly due to the fact that Poland is more and more important for us as it is a market with huge growth potential. We believe that in the near future Poland will become the most important market for us."

Jozef Janov, Chairman of the Supervisory Board of Fortuna Entertainment Group: "Fortuna is the first Penta Investments’ company which debuted on the stock market. We consider entering the stock exchange with other Companies from our portfolio over the next few years. Penta has retained a considerable stake of Fortuna which will enable us to benefit from its further development. Fortuna offers a very attractive dividend policy, which assumes payment of 70-100% of the net profit".

Fortuna intends to use the net proceeds of the sale to launch a lottery project in the Czech Republic.

Fortuna Entertainment Group – Basic Information

Fortuna Entertainment Group is the largest Central and Eastern European operator of fixed-odds betting (measured by total amounts staked at retail points of sale). Established in 1990 in the Czech Republic, the Company has gradually grown into a multinational group expanding on the Slovak and Polish markets.

The founding company, FORTUNA sázková kancelář, a. s., was established in 1990 in Prague. Terno, a. s. was founded a year later in Slovakia. In 2005 the investment group Penta became the owner of both companies and took over the Polish betting company Profesjonał in the same year. All the companies were eventually consolidated under a single brand.

Fortuna has become the standard-setter and trend-setter in the fixed-odds betting segment due to its established 20-year track record on the Central European market. The group continuously invests in the development of new products and the expansion of its retail distribution channels. The Group aims to bring entertainment to customers who love sport – to those who pursue sports activities, follow sports events, and bet on their favourite teams and players. Fortuna currently operates more than 1,300 betting outlets in three countries.

The Group continuously monitors regulatory updates and business opportunities in Central and Eastern Europe. The Group has developed the betting and game platform FortunaWin, enabling the Group to offer its products in new markets. Currently, the new online platform offers its betting and gaming products to customers in Hungary.

The Company’s strong position is supported by a team of experienced bookmakers with thorough knowledge of the local markets as well as a broad and in-depth understanding of the sport we follow globally. The Company operates a sophisticated risk management platform based on original know-how and the best available international technologies.

MEDIA CONTACTS

Petr Šrain

PR manager, Spokesperson
Tel.: +420 267 218 195
Mobil: +420 739 607 527
E-mail: [email protected]

These contacts are primarily for journalists. Therefore, unfortunately, we can not guarantee that we will be able to react to non-media enquiries within the desired deadline. If you are a Fortuna customer, you can also send your question to [email protected] or connect with us some other way. Thank you for your understanding.