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mybet Holding SE: With the successful sale of the Spanish business, mybet is continuing to press ahead with restructuring

DGAP-News: mybet Holding SE / Key word(s): Disposal

12.08.2014 / 15:22

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Kiel, August 12, 2014 - As planned, mybet Holding SE (Deutsche Börse Prime
Standard; ISIN DE000A0JRU67) has divested itself of its shares of the
Spanish companies Digital Distribution Management S.L. (DIGIDIS S.L.) and
Digital Distribution Management Iberica S.A. (DIGIDIS S.A.). Through the
successful sales, mybet has eliminated potential risks and thus is ensuring
greater stability within the group.

Already at the beginning of 2014, the new Management Board of mybet Holding
SE, Sven Ivo Brinck, decided in the framework of the realignment of mybet
not to continue the business of the DIGIDIS companies. The negative outlook
for future profitability of the Spanish companies, among other things, was
critical for this decision. Sven Ivo Brinck: "In order to make mybet
competitive for the long haul, we implemented numerous measures in recent
months for optimising its structure and increasing efficiency. In this
context we also decided to sell the unprofitable Spanish business. As a
result, we not only freed ourselves of legal and economic factors of
uncertainty but also at the same time are creating available resources that
we can use efficiently in other places of the group."

The contract for the sale of DIGIDIS S.L. became effective with its
notarial documentation on July 23, 2014, and the contract for the sale of
DIGIDIS S.A. likewise became effective on August 8, 2014. The payments to
mybet for the sale price of EUR 250 thousand for DIGIDIS S.L. and of EUR 25
thousand for DIGIDIS S.A. were made by the purchasers in July 2014.

DIGIDIS S.L. was formally deconsolidated pursuant to IFRS already on
November 30, 2013, since at that time mybet Holding SE no longer controlled
its corporate body. Since its time of acquisition, DIGIDIS S.A. had been
carried at equity. The valuation of the investment, however, was completely
adjusted at year end. To this extent, the sales proceeds that have now been
realised lead to a positive one-time non-recurring effect in the amount of
EUR 249 thousand.



Contact:
mybet Holding SE
Investor Relations & Corporate Communications
Yulia Link
Tel. +49 (40) 85 37 88 47
Fax +49 (40) 85 37 88 30
Mail yulia.link@mybet.com



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12.08.2014 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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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 News    DGAP News-Service  
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