JKO withdraws from possible offer for Playtech

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

FTB Limited

Withdrawal by JKO Play from possible offer for Playtech

The Eddie Jordan Family office and Keith O'Loughlin announce that JKO Play Limited ("JKO"), a 0.51% shareholder in Playtech plc ("Playtech"), does not intend to make an offer for Playtech.

This is a statement to which Rule 2.8 of the Takeover Code (the "Code") applies.

Under Note 2 on Rule 2.8 of the Code, JKO reserves the right to set the restrictions in Rule 2.8 aside in the following circumstances:

a) with the agreement of the board of Playtech (provided, as specified in Note 2 on Rule 2.8, that such agreement can only be given in the event that the offer announced by Aristocrat (UK) Holdings Limited lapses or is withdrawn);

b) if a third party announces a firm intention to make an offer for Playtech;

c) if Playtech announces a "whitewash" proposal (see Note 1 of the Notes on Dispensations from Rule 9) or a reverse takeover (as defined in the Code); and

d) if there has been a material change of circumstances (as determined by the Takeover Panel).

JKO was advised by Global Leisure Partners LLP, Investec Bank plc and Avonhurst Legal Services LLP.

- Ends -

Disclosure requirements of the Code

Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of any class of relevant securities of an offeree company must make an Opening Position Disclosure following the commencement of the offer period. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of the offeree company. An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 pm (London time) on the 10th business day following the announcement of the possible offer. Relevant persons who deal in the relevant securities of the offeree company prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.

Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1% or more of any class of relevant securities of the offeree company must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of the offeree company, save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on the business day following the date of the relevant dealing.

If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company, they will be deemed to be a single person for the purpose of Rule 8.3. Opening Position Disclosures must also be made by the offeree company and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).

Details of the offeree in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Takeover Panel's website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced. You should contact the Panel's Market Surveillance Unit on +44 (0)20 7638 0129 if you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure.

In accordance with Rule 26.1 of the Code, a copy of this announcement will be published on the Company's website at www.jkoplay.com.

This announcement is not intended to, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities, or the solicitation of any vote or approval in any jurisdiction, pursuant to this announcement or otherwise. Any offer, if made, will be made solely by certain offer documentation which will contain the full terms and conditions of any offer, including details of how it may be

accepted.

Global Leisure Partners LLP ("GLP") which is authorised and regulated in the UK by the Financial Conduct Authority, is acting for JKO Play and no one else in connection with the Possible Competing Offer and will not be responsible to anyone other than JKO Play for providing the protections afforded to clients of GLP nor for giving advice in relation to ​the Possible Competing Offer.

Investec Bank plc, which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority, is acting for JKO Play and no one else in connection with the Possible Competing Offer and will not be responsible to anyone other than JKO Play for providing the protections afforded to clients of Investec Bank plc nor for giving advice in relation to the Possible Competing Offer.

Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.