Centrebet Scheme Meeting Results

On 26 May 2011, Sportingbet announced a recommended proposal by the Sportingbet Group to acquire the entire issued and to be issued share capital of Centrebet effected by way of two schemes of arrangement under Australian law (the "Schemes").

The Board of Sportingbet is pleased to announce that, at the Share Scheme Meeting of the Centrebet Shareholders and the Performance Right Scheme Meeting of the Performance Rightholders held today, the resolutions to approve the Schemes were duly passed without amendment.

The Schemes remain conditional upon the approval of the Schemes by the Federal Court of Australia at the Second Court Hearing and the satisfaction or waiver of the following conditions:

• no Target Material Adverse Change occurring;
• no Target Prescribed Occurrence occurring; and
• no Government Body (as defined in the Scheme Document) taking any action to prohibit, restrain or impose conditions on either of the Schemes,

in each case, at any time before 8.00 a.m. (Sydney time) on the date of the Second Court Hearing.

All of the other conditions as set out in the Scheme Document to Centrebet Shareholders and Performance Rightholders dated 13 July 2011 have been duly satisfied.

The Second Court Hearing is expected to take place on 22 August 2011.

Provided that the outstanding conditions referred to above are satisfied or waived within the anticipated timetable, it is expected that the Schemes will become effective on 23 August 2011 and will be implemented on or about 31 August 2011 and that the Consideration will be despatched to the Centrebet Shareholders and Performance Rightholders on or about 1 September 2011.

Unless otherwise defined, expressions used in this announcement have the same meanings as given to them in the announcement by Sportingbet dated 26 May 2011.