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JAXX achieves EBIT of EUR 1.6 million in 2011


JAXX SE / Key word(s): Preliminary Results

19.03.2012 / 11:39


JAXX achieves EBIT of EUR 1.6 million in 2011

- Revenue rises by 19 percent to EUR 60.7 million

- Sales process for lottery operations on track, but completion delayed

- Granting of licence in Schleswig-Holstein expected in April

Kiel, March 19, 2012 - According to provisional, unaudited figures JAXX SE (ISIN DE000A0JRU67) achieved consolidated earnings before interest and taxes of
EUR 1.6 million in the past financial year of 2011. The revenue of the JAXX Group
rose by 19 percent, from EUR 51.2 million in the previous year to EUR 60.7 million in the 2011 financial year. Business particularly for the group subsidiary myBet, which offers sports betting, casino and poker products, put on a renewed spurt in the fourth quarter. The definitive figures will be published in the 2011 Annual Report on March 30, 2012.

Sale of lottery business on track
The sale of the lottery operations, which JAXX has been pursuing since mid-January, is substantively progressing according to schedule. However the process has been delayed by several weeks because the task of demerging the companies and assets and drawing up the agreements is taking more time than originally envisaged. Based on its negotiations, JAXX continues to expect the sale to yield proceeds of EUR 12.5 million.

Licensing procedures moving forward swiftly
JAXX and myBet submitted an application for the granting of a sports betting and casino licence to the Schleswig-Holstein Ministry of the Interior by the deadline of March 1. Although the authorities have not yet given a precise date for the awarding of the licence, JAXX expects it to be granted in the course of April, so that business operations can then start.

In Italy, myBet has now secured a state gaming licence from the AAMS. The sports betting, casino and poker product range is to go online at myBet.it in the next few weeks. In Spain, the application for a casino licence was submitted by the deadline of the end of 2011. However, because of the large number of applicants, official approval and the start of operations are not expected in the course of the second quarter of 2012.

About JAXX:
JAXX SE, listed in the Prime Standard of Deutsche Börse, is a financial holding company with holdings in international companies in the gaming industry. JAXX currently holds interests in companies in Germany, the UK, Italy, Spain, Austria, Malta and Belgium. JAXX SE has its headquarters in Kiel. The holding companies cover the entire spectrum of the games and gambling industry. Depending on national regulatory structures, they broker or market sports and horse betting, lotteries, and casino and poker games. The best-known brands of the JAXX Group include the sports betting provider myBet. The shares of JAXX SE have been traded at Deutsche Börse since 1999 under ISIN DE000A0JRU67.

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



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