GTECH ANNOUNCES REDEMPTION OF OUTSTANDING SENIOR NOTES

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WEST GREENWICH , RI - September 1, 2006 - GTECH Holdings Corporation announced today that it intends to redeem 100% of the principal amount outstanding of each of its three series of senior notes:

its 4.75% Senior Notes due 2010 (the "2010 Notes"), issued in October 2003;
its 4.50% Senior Notes due 2009 (the "2009 Notes"), issued in November 2004; and
its 5.25% Senior Notes due 2014 (the "2014 Notes"), issued in November 2004.

The redemption date of each series of note will be October 2, 2006 . In accordance with the terms of the applicable indentures, the redemption price of each series will be the greater of (i) 100% of the outstanding principal amount of the notes being redeemed, and (ii) the sum of the present values of the principal amount of such notes and the remaining scheduled payments of interest on such notes (exclusive of interest accrued to the redemption date), in each case discounted from their respective scheduled payment dates to the redemption date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the treasury rate computed in accordance with the applicable indenture plus 20 basis points (for the 2010 Notes and the 2014 Notes) or 15 basis points (for the 2009 Notes), plus in each case accrued and unpaid interest on the principal amount being redeemed to the redemption date. The treasury rate will be determined by the quotation agent on the third business day prior to the redemption date, in accordance with the applicable indentures.

The redemption price of each series of senior notes and accrued interest will become due and payable on the redemption date, and from and after that date, interest will cease to accrue and be payable. Payment of the redemption price will be made only upon presentation and surrender of the applicable senior notes in the manner specified in the related notice of redemption for the applicable series of senior notes, which has been mailed to registered holders of the senior notes by The Bank of New York, as trustee for the 2010 Notes, or by SunTrust Bank, as trustee for the 2009 Notes and the 2014 Notes, as the case may be. Copies of the applicable notice of redemption for the 2010 Notes may be obtained from The Bank of New York at (800) 254-2826, and copies of the notice of redemption for the 2009 Notes and the 2014 Notes may be obtained from SunTrust Bank at (404) 588-7266.

This announcement is not a notice of redemption for the senior notes or any other security.

Certain statements contained in this press release are forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company identifies forward looking statements by words such as "may," "will," "should," "could," "expect," "plan," "anticipate," "intend," "believe," "estimate," "continue," or similar words that refer to the future. 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 and gaming 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 and gaming industries; (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.

GTECH is a leading gaming technology and services company. With more than $1.3 billion in annual revenues and 5,300 people in over 50 countries, GTECH provides integrated technology, creative content, and business services to effectively manage and grow today's evolving gaming markets. In targeted emerging economies, GTECH also leverages its operational presence and infrastructure to supply commercial transaction processing services. Since August 29, 2006 , when the acquisition of the Company by Lottomatica, S.p.A. was completed, the Company has been a wholly-owned subsidiary of Lottomatica. For more information about the Company, please visit GTECH's website at http://www.gtech.com .