AGM Statement

Betfair Group plc ("Betfair")

Statement of Annual General Meeting

Edward Wray, Chairman of Betfair Group plc, will today make the following comments at the company's AGM to be held at BAFTA, Piccadilly, London W1.

"Over the last decade, Betfair has enjoyed significant growth which we have continued to build upon during the past 12 months. We completed a key step in the evolution of the business through the Company's listing on the London Stock Exchange in October and I would like to welcome our new shareholders and thank them, along with our longstanding investors, for their support.This is a great business and during the last financial year we delivered record revenues and profitability, and an unprecedented number of customers and bets placed on the Exchange. We have many opportunities for growth and remain focused on delivering shareholder value through a combination of accelerating our revenue growth, driving further margin improvement and continuing to return excess cash to shareholders.

"We announced in June this year that David Yu, our Chief Executive Officer, plans to step down and the search for his successor is underway and progressing well. We are confident that we will get a great new leader for the business and will update you on progress in due course.

"At the time of the IPO we made a strong commitment to move towards full compliance with the Combined Code on Corporate Governance. We were delighted to welcome Baroness Denise Kingsmill to the Board this year and her wide ranging experience and in-depth understanding of the regulatory landscape have already proved immensely valuable to us. Following Denise's arrival and her appointment to our Audit Committee, our committee structures are now compliant. We have also started the search for a Deputy Chairman of the Board. The intention is for this person to take over from me as Chairman at an appropriate time in the future. At that point the Board will be compliant with the Code in all respects.

"I would like to thank everyone in the business for their contribution over the last 12 months and we look to the current financial year with confidence as we execute a strategy that we believe will cement our position as the leading online sports betting operator."

For more information, please contact:

Powerscourt

Rory Godson

Paul Durman

Roddy Cameron

Tel: +44 20 7250 1446

About Betfair

Betfair is the world's biggest betting community and one of the world's leading online betting and gaming operators.

At the heart of Betfair is its pioneering Betting Exchange, where customers come together in order to bet at odds set by themselves or offered by other customers, instead of with a traditional bookmaker. The Betting Exchange provides customers with better pricing and more choice and flexibility than competing products, which has resulted in Betfair's customers showing greater levels of loyalty than its competitors with significantly higher customer satisfaction rates.

Betfair additionally offers a range of other sports betting products, casino games and poker. As at 31August 2011, Betfair had almost 4 million registered customers worldwide and processed, on average, more than 6 million transactions per day on the Betting Exchange, more than all European Stock Exchanges combined during the preceding 12 month period.

Betfair also owns Betfair US, which comprises TVG (a licensed US horse racing wagering and television broadcasting business) and a development office in California, and 74.8% of LMAX, which operates an exchange platform for online retail financial trading which has evolved from Betfair's exchange platform technology. In addition, Betfair has a 50% holding in Betfair Australia, a joint venture which operates a licensed betting exchange business in Australia.

The Betfair Group employs more than 2,000 people and has twice been named the UK's 'Company of the Year' by the Confederation of British Industry and has won two Queen's Awards for Enterprise, being recognised for Innovation in 2003 and most recently for International Trade in 2008.

Disclaimer

This announcement has been prepared solely to provide information to meet the relevant requirements of the UK Listing Authority's Disclosure and Transparency Rules.

This announcement does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for any securities of Betfair Group plc ("Betfair"). Neither this announcement nor the fact of its distribution constitutes a recommendation regarding any securities.

Certain statements, beliefs and opinions contained in this announcement, particularly those regarding the possible or assumed future financial or other performance of Betfair, industry growth or other trend projections are or may be forward looking statements. Forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "anticipates", "expects", "intends", "plans", "goal", "target", "aim", "may", "will", "would", "could" or "should" or, in each case, their negative or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future and may be beyond Betfair's ability to control or predict. Forward-looking statements are not guarantees of future performance. No representation is made that any of these statements or forecasts will come to pass or that any forecast result will be achieved.

Neither Betfair, nor any of its associates or directors, officers or advisers, provides any representation, assurance or guarantee that the occurrence of the events expressed or implied in any forward-looking statements in this announcement will actually occur. You are cautioned not to place undue reliance on these forward-looking statements.

Other than in accordance with its legal or regulatory obligations (including under the UK Listing Rules and the Disclosure and Transparency Rules of the Financial Services Authority), Betfair is not under any obligation and Betfair expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

No statement in this announcement is intended as a profit forecast or a profit estimate and no statement in this announcement should be interpreted to mean that earnings per Betfair share for the current or future financial years would necessarily match or exceed the historical published earnings per Betfair share.

Certain data in this announcement, including financial, statistical and operating information, has been rounded. As a result of such rounding, the totals of data presented in this announcement may vary slightly from the actual arithmetic totals of such data. Percentages in tables have been rounded and accordingly may not add up to 100%.