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Higher Regional Court of Düsseldorf awards subsidiary of mybet Holding SE damages of EUR 11.5 million

mybet Holding SE  / Key word(s): Legal Matter

09.04.2014 17:39

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Higher Regional Court of Düsseldorf awards subsidiary of mybet Holding SE
damages of EUR 11.5 million

Kiel, April 9, 2014 - The Higher Regional Court of Düsseldorf has ordered
Westdeutsche Lotterie GmbH & Co. OHG, Münster, to pay EUR 11.5 million plus
interest in damages to FLUXX GmbH, a fully-owned subsidiary of mybet
Holding SE. No right of appeal was granted. Westlotto still has the option
of filing a complaint about the non-admission of an appeal with the Federal
Supreme Court within one month of receipt of the grounds for the judgement.

This ruling provisionally brings to an end the protracted legal
proceedings. In 2008 mybet had filed for compensation for the illegal
boycott of its business by the German Lottery and Pools Organisation, in
breach of competition law. The state lottery companies had prevented the
mybet subsidiary, which was then still operating under the name "JAXX",
from marketing its lottery agency operations in fuel stations and
supermarkets. As a consequence it was obliged to abandon this promising
area of business. The court has now awarded FLUXX GmbH damages for costs
incurred and loss of profits. In its assessment of the damages, the court
even went beyond the minimum damages originally claimed by FLUXX GmbH.

Contact:
mybet Holding SE
Investor Relations & Corporate Communications
Stefan Zenker
Tel. +49 (40) 85 37 88 47
Fax +49 (40) 85 37 88 30
Mail stefan.zenker@mybet.com


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Language:     English
Company:      mybet Holding SE
              Jägersberg 23
              24103 Kiel
              Germany
Phone:        +49 40 85 37 88-0
Fax:          +49 40 85 37 88-30
E-mail:       ir@mybet.com
Internet:     www.mybet-se.com
ISIN:         DE000A0JRU67
WKN:          A0JRU6
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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