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mybet Holding SE closes sale of pferdewetten.de AG and adjusts revenue forecast

mybet Holding SE  / Key word(s): Investment/Change in Forecast

15.06.2016 13:08

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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mybet Holding SE closes sale of pferdewetten.de AG and adjusts revenue
forecast

Kiel, June 15, 2016. mybet Holding SE ("mybet", ISIN DE000A0JRU67) has
closed all individual transactions for the sale of all pferdewetten.de AG
shares owned by mybet. The received purchase prices add up to a total of
EUR 9.9 million.

Using these funds, mybet has conducted the announced exchange of
collaterals in accordance with the bond terms applied and the collateral-
trust agreement of the outstanding collateralised convertible bond
2015/2020. Correspondingly, the cash funds necessary for the
collateralisation amounting to EUR 5.0 million have been deposited with the
trustee in exchange for the pferdewetten.de AG shares used before as
collateral. In addition, mybet repays a group-internal loan to
pferdewetten.de AG in total from the funds received. As a consequence,
mybet receives free liquid funds in the amount of EUR 3.5 million after the
closing of all transactions in connection with the sale of the
pferdewetten.de AG shares.

As a result of the deconsolidation of the previously fully consolidated
pferdewetten.de AG, which in 2015 had contributed EUR 9.3 million to the
group's revenues of EUR 63.0 million, mybet has adjusted its existing
revenue forecast for the financial year 2016:
So far, the mybet Group forecast an increase of revenues by eight to twelve
percent based on the full year revenue 2015 of EUR 63.0 million. Now, mybet
plans to achieve a group revenue between EUR 59 million and EUR 62 million
in the financial year 2016. The published forecast for the operating result
2016, aiming at a positive EBIT in the low seven-digit range, remains
unchanged.


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Information and Explanation of the Issuer to this News:

mybet Holding SE
The mybet Group, licensed in several European countries to offer sports
betting and online casino games, has its registered office in Kiel,
Germany, and locations in Berlin, Hamburg, Cologne and Malta. mybet offers
its betting and gaming products over the internet platforms mybet.com and
mybet.de as well as at physical betting shops operating under a franchise
system. In addition the group supplies regional betting providers in Europe
and Africa in the capacity of B2B service provider.
mybet Holding SE is the parent company of the mybet Group. The shares of
mybet Holding SE (ISIN DE000A0JRU67) are listed on the Frankfurt Stock
Exchange in the Prime Standard.
For further information, visit www.mybet-se.com

Contact
mybet Holding SE
Sebastian Bucher
Investor & Public Relations

tel +49 30 22 90 83-161
fax +49 30 22 90 83-150
sebastian.bucher@mybet.com

15.06.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap.de

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Language:     English
Company:      mybet Holding SE
              Jägersberg 23
              24103 Kiel
              Germany
Phone:        +49 30 22 90 83 100
Fax:          +49 30 22 90 83 150
E-mail:       ir@mybet.com
Internet:     www.mybet-se.com
ISIN:         DE000A0JRU67
WKN:          A0JRU6
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated
              Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
              Stuttgart
 
End of Announcement                             DGAP News-Service
 
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