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mybet Holding SE: Interim financing of potential proceeds from damage claim proceedings versus Westlotto arranged

mybet Holding SE  / Key word(s): Contract/Financing

21.10.2016 18:38

Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


mybet Holding SE: Interim financing of potential proceeds from damage claim
proceedings versus Westlotto arranged

Berlin, October 21, 2016. Today, the SWS Service GmbH ("SWS"), a subsidiary
of mybet Holding SE, has arranged an interim financing agreement for the
potentially arising proceeds from the legal proceedings versus Westdeutsche
Lotterie GmbH & Co. OHG. The transaction is structured by way of a credit
facility amounting to four million Euros and a variable profit
participation. In addition, the agreement includes an option for SWS to
raise the credit facility to five million Euros as from January 1, 2018.

Any loan emerging from the utilisation of the credit facility will be free
of interest and will, together with the participation, be due after the
final and binding end of the Westlotto proceedings either by a decision or
a court settlement. If SWS will not receive any proceeds from the legal
proceedings the loan will not be repaid and there are also no other rights
of recourse or repayment for the creditor.
If SWS should receive proceeds from the proceedings, the total amount of
the emerging repayment obligation to the creditor can by no means exceed
the total proceeds received, even if this would for example lead to an
incomplete repayment of the initial loan.

If the funds are sufficient, the repayment to the creditor amounts to 150
percent of the loan's volume. This proportion rises step by step to a
maximum of 200 if the legal proceedings do continue for longer than one
year after the utilisation of the credit facility. This maximum will be
reached after a proceedings duration of 2.5 years after the utilisation of
the credit facility.
Furthermore and independent from the duration of the proceedings, the
creditor receives 15 percent of the proceeds that might remain after the
settlement of the time-dependent repayment.

Potentially remaining funds after having met all payment obligations to the
creditor will benefit SWS in all scenarios.


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 Berlin and
locations in 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 as a 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

mybet Holding SE
Sebastian Bucher
Investor & Public Relations

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

21.10.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:     English
Company:      mybet Holding SE
              Jägersberg 23
              24103 Kiel
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, Tradegate Exchange
End of Announcement                             DGAP News-Service