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LOTTOMATICA BOARD OF DIRECTORS APPROVES SPONSORED LEVEL I AMERICAN DEPOSITARY RECEIPT (ADR) PROGRAM IN THE UNITED STATES
ROME (ITALY) - September 13, 2007 - Lottomatica S.p.A. today announced the approval of a Sponsored Level I American Depositary Receipt (ADR) program by its Board of Directors. Lottomatica's ADRs will trade on the U.S. over-the-counter (OTC) Pink Sheet market under the symbol "LTTOY," and the CUSIP number is 545697104. Each ADR will represent one Lottomatica ordinary share. The Bank of New York has been appointed as the depositary bank to administer the ADR program.
Lottomatica's ordinary shares will continue to trade on the Italian Stock Exchange under the symbol "LTO."
"The ADR program is part of our long-term strategy to increase our visibility in the U.S. ," said W. Bruce Turner, CEO of Lottomatica S.p.A . "Our sharp focus on creating shareholder value from the growth in our key verticals and the opportunities presented in the rapidly-expanding global gaming markets, highlight the attractions of Lottomatica for the U.S. equity markets that already recognize and appreciate the value of the GTECH brand. We are committed to broadening and diversifying our shareholder base, and our ADR program will provide the opportunity for a wider range of U.S. investors to participate in Lottomatica's future performance."
Commenting on this achievement, Stefano Bortoli, CFO of Lottomatica S.p.A., said, "Management is pleased to establish this ADR facility as it will expand our potential shareholder base to those investors that prefer to purchase a U.S. dollar denominated security rather than ordinary shares from the Italian home market. For a considerable segment of the U.S. investor market, ADRs facilitate diversification into international securities by way of trading and settling according to U.S. market conventions and allowing dividend payments in U.S. dollars."
Lottomatica expects the Securities & Exchange Commission (SEC) to
provide the Company with registration of the ADR program by Friday,
September 21, 2007.
About ADRs
ADRs are commonly used to facilitate the holding and trading by U.S. investors of foreign securities. An ADR is created when a broker purchases a company's shares on the home stock market and delivers those shares to the depositary's local custodian bank, which then instructs the depositary bank, in this case The Bank of New York, to issue depositary receipts. Level I Depositary Receipts are traded in the U.S. OTC market with prices published in the "Pink Sheets" and on some exchanges outside the United States . For more information please visit : http://www.adrbny.com./
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This communication does not constitute an offer to purchase, sell, or exchange or the solicitation of an offer to purchase, sell, or exchange any securities. The shares of Lottomatica S.p.A. may not be offered or sold in the United States except pursuant to an effective registration statement under the U.S. Securities Act of 1933, as amended, or pursuant to a valid exemption from registration.
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Lottomatica is one of the world's largest commercial lottery operators and a market leader in the Italian gaming industry. GTECH, a wholly-owned subsidiary of Lottomatica, is a leading gaming technology and services company, providing innovative technology, creative content, and superior service delivery. GTECH and Lottomatica together create a fully integrated lottery operator and gaming technology solutions provider - a combined company with worldwide scale, considerable financial strength, and industry-leading customer solutions. Lottomatica is majority owned by De Agostini, which belongs to a century-old publishing, media, and financial services group. Lottomatica is publicly traded on the Italian Stock Exchange (LTO), and in 2006, had approximately €1.7 billion in revenues and 5,900 employees in over 45 countries when combined with GTECH.
For further information:
AD HOC Communication Advisors 02/7606741
Mario Pellegatta - Matteo Cidda 335/1415585
This press release and the previous ones are available on the web site: www.adhoccommunication.it
Lottomatica web site: www.gruppolottomatica.it
GTECH contact: Robert K. Vincent Public Affairs 1-401-392-7452
GTECH web site: www.gtech.com