2009-03-25 10:54:39

REDUCTION OF THE STATUTORY RESERVE AND REIMBURSEMENT TO SHAREHOLDERS

(NGM:BETT)

The Board of Directors of Betting Promotion Sweden AB (publ) is planning to propose an extraordinary general meeting (EGM) on 24 April 2009 concerning a reduction of the statutory reserve.

The Board plans to propose that the EGM resolves to reduce the existing statutory reserve by approximately SEK 136.6 million according to the following preliminary allocation:

• approximately SEK 9.5 million for reimbursement to shareholders of an amount equivalent to SEK 0.05 per share, (the company's repurchased shares are to be excluded from this reimbursement);
• a provision of approximately SEK 40 million to be transferred to non-restricted reserves for the repurchase of own shares;
• the remaining amount of approximately SEK 87 million to be transferred to non-restricted reserves to be used in accordance with future resolutions made by the general meeting of shareholders.

The decision is conditional on permission for a reduction in the statutory reserve being granted the Swedish Companies Registration Office or, in the event of dispute, by a court of law. It is estimated that permission from the Swedish Companies Registration Office will be received at the start of July 2009 and the record date for the reimbursement is expected in connection with this. The reimbursement is expected to be issued via Euroclear Sweden AB during July 2009. The Board will propose that the EGM grants authorisation to the Board for establishing the final record date for the reimbursement.

The proposed resolution for the reduction and the allocation presented are a part of the Board's work to restructure the company's capital. Upon completion of the reduction, the statutory reserve will be dissolved in full.

The reduction in the statutory reserve detailed above for the reimbursement to shareholders of SEK 0.05 per share replaces the company's usual share dividend.

The Board will provide additional information when issuing the notice to attend the EGM.

Malmö March 25 2009


For further information, please contact:
Johan Moazed, CEO Betting Promotion Sweden AB.
Tel +46 40 611 84 94
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