Appointment of new Deputy Chairman

BETFAIR GROUP PLC ANNOUNCES GERALD CORBETT AS ITS DEPUTY CHAIRMAN

7th December 2011

BETFAIR GROUP PLC (LSE:BET) today announces the appointment of Gerald Corbett to its Board. Gerald will join the Board on 3 January 2012 as Deputy Chairman.

Gerald brings considerable City experience having been a director of eleven public companies, four as Chairman. He is currently Chairman of Britvic Plc, Moneysupermarket.com Group Plc and the Royal National Institute for the Deaf. He is also a non-executive director of the investment and stock broking business, Numis Securities and of Towry Holdings Limited.

Gerald was Chairman of SSL International plc between 2005 to 2010 and oversaw the successful sale of the business to Reckitt Benckiser. He was Chairman of The Woolworths Group plc between 2001 and 2007, and was a director of Greencore Group between 2004 and 2010. Gerald was Chief Executive of Railtrack plc between 1997 and 2000. Previously, he was Group Finance Director for Grand Metropolitan plc and Redland plc. He has also served on the boards of MEPC plc and Burmah Castrol plc.

At the time of the IPO Betfair made a strong commitment to move towards full compliance with the Combined Code on Corporate Governance and with this in mind, Gerald will take over from Edward Wray as Chairman during the first quarter of 2012. At that point the Board will be compliant with the Code in all respects.

Edward Wray, Betfair Chairman, said: "I am delighted that Gerald is joining the Board. His considerable experience of both the City and the commercial world will be a real asset to the Board and the business.

"This appointment lays the foundations for us to complete our succession plan and enables us to revert to standard governance practice. I look forward to working with Gerald and ensuring a smooth transition for him into the role of Chairman."

Gerald Corbett said: "I am delighted to be joining such an exciting company as Betfair. The business has achieved a huge amount in its first eleven years and I look forward to working with my new colleagues on the next phase. There are opportunities and challenges and we are well positioned to continue our success."

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For more information, please contact:

Powerscourt

Rory Godson

Victoria Palmer-Moore

Tel: +44 20 7250 1446

About Betfair: (www.betfair.com)

Betfair is the world's biggest betting community having pioneered the betting exchange in 2000.

Driven by cutting-edge technology, Betfair enables customers to bet at odds sought by themselves or offered by other customers. The company now processes over seven million transactions a day from its four million registered customers around the world. In addition to sports betting, Betfair offers a portfolio of innovative products including casino, exchange games and poker.

Betfair has twice been named the UK's 'Company of the Year' by the Confederation of British Industry and has won two prestigious Queen's Awards for Enterprise, being recognised for Innovation in 2003 and most recently for International Trade in 2008. Betfair currently employs over 2,000 people worldwide. The company holds betting licences in Gibraltar, the US, Tasmania, Italy and Malta.