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GTECH SIGNS TWO-YEAR CONTRACT EXTENSION WITH CUSTOMER IN DENMARK

(West Greenwich, Rhode Island  -- September 11, 2003) – GTECH Holdings Corporation (NYSE:GTK) today announced that its wholly-owned subsidiary, GTECH Corporation, signed a two-year contract extension with Dansk Tipstjeneste A/S, the operator of the National Lottery in Denmark. Under the terms of the contract extension, GTECH will continue to provide Dansk Tipstjeneste with software support and terminal maintenance and repair through August 31, 2005.

"GTECH and Dansk Tipstjeneste have enjoyed a successful partnership over the past 14 years," said GTECH President and CEO W. Bruce Turner. "We are eager to use this opportunity to build a closer strategic relationship with our Danish customer and to maximize revenues in support of health, sport, and education in Denmark."

With respect to its contract extension with Dansk Tipstjeneste, GTECH expects to generate revenues of approximately $10 million.

GTECH has provided online lottery equipment and services to Dansk Tipstjeneste since 1989. With annual sales exceeding $1 billion, Dansk Tipstjeneste raises funds to support health, education, youth, and sports.

Certain statements contained in this press release are forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements include, without limitation, statements relating to the prospects and financial outlook for the Company, which reflect management assumptions regarding: (i) the future prospects for and stability of the lottery industry and other businesses in which the Company is engaged or expects to be engaged, (ii) the future operating and financial performance of the Company (including, without limitation, expected future growth in revenues, profit margins and earnings per share), and (iii) the ability of the Company to retain existing business and to obtain and retain new business. Such forward looking statements reflect management's assessment based on information currently available, but are not guarantees and are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated in the forward looking statements.

These risks and uncertainties include, but are not limited to, those set forth above, in the Company's subsequent press releases and on reports by the Company on Forms 10-K, 10-Q and 8-K, and other reports and filings with the Securities and Exchange Commission, as well as risks and uncertainties respecting: (i) the potential impact of extensive and evolving government regulations upon the Company's business; (ii) the ability of the Company to continue to retain and extend its existing contracts and win new contracts; (iii) the possibility of slower than expected growth or declines in sales of lottery goods and services by the Company or the Company's customers; (iv) exposure to foreign currency fluctuations; (v) risks and uncertainties inherent in doing business in foreign jurisdictions; (vi) the relatively large percentage of the Company's revenues attributable to a relatively small number of the Company's customers; (vii) the possibility of significant fluctuation of quarterly operating results; (viii) the intensity of competition in the lottery industry; (ix) the possibility of substantial penalties under and/or termination of the Company's contracts; (x) the ability of the Company to respond to technological change and to satisfy the future technological demands of its customers; (xi) opposition to expansion of lottery and gaming; (xii) the Company's ability to attract and retain key employees; and (xiii) the possibility of adverse determinations in pending legal proceedings.

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GTECH, a leading global information technology company with $1 billion in revenues and 4,600 people in 43 countries, provides software, networks, and professional services that power high-performance, transaction processing solutions. The Company's core market is the lottery industry, with a growing presence in financial services transaction processing. For more information about the Company, please visit GTECH's website at http://www.gtech.com.