Offer Talks Terminated

Not for release, publication or distribution, in whole or in part, in or into or from any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction

For immediate release 10 October 2011

Sportingbet plc ("Sportingbet" or "the Company")

Termination of Discussions with Ladbrokes plc

Sportingbet plc ("Sportingbet" or the "Company") announced on 23 June 2011 that the Company was in discussions regarding a possible offer for the Company with Ladbrokes plc ("Ladbrokes"). These discussions have been mutually terminated.

The Boards of Sportingbet and Ladbrokes agreed to end discussions as the parties were unable to agree either a suitable structure or one that delivered sufficient value to shareholders in a meaningful timeframe.

The Company can confirm it is not in discussions with any other party regarding a potential offer for the Company. Accordingly, the Company is no longer in an offer period for the purposes of the City Code on Takeovers and Mergers.

Discussions are progressing with GVC Holdings plc regarding a possible disposal of the Group's Turkish language website. A further update on these discussions will be provided when appropriate.

Andrew McIver, Group Chief Executive, commented: "As stated in the Company's final results announcement last week, the Board of Sportingbet remains focussed on its overall strategy of providing a first class sports betting product and of increasing its exposure to regulated markets. The Board remains highly confident of Sportingbet's prospects as an independent company."

Enquiries:

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Important notice

Lazard & Co., Limited, who is authorised and regulated in the UK by the Financial Services Authority, is acting for Sportingbet and no-one else in connection with the possible offer and will not regard any other person as a client in relation to the possible offer and will not be responsible to anyone other than Sportingbet for providing the protections afforded to its clients or for providing advice in relation to the possible offer or any matters referred to in this announcement.

Oriel Securities Limited, who is authorised and regulated in the UK by the Financial Services Authority, is acting for Sportingbet and no-one else in connection with the possible offer and will not regard any other person as a client in relation to the possible offer and will not be responsible to anyone other than Sportingbet for providing the protections afforded to its clients or for providing advice in relation to the possible offer or any matters referred to in this announcement.