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Directors’ Dealings

JAXX SE / disposal of lottery business

JAXX SE  / Key word(s): Letter of Intent

19.01.2012 12:21

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JAXX SE, Kiel, has entered into firm negotiations with a group of investors
on the sale of the investment holdings and assets of its lottery business.
A corresponding letter of intent was signed today between the Management
Board of JAXX SE and the group of investors.

The lottery operations, which comprise the companies JAXX GmbH (Hamburg),
JAXX GmbH (Lustenau, Austria), Vendo Spielsysteme GmbH (Lustenau, Austria),
fluxx.com Telewette GmbH (Hamburg), JAXX UK Ltd. (London, GB) as well as
certain assets of other group companies, are to be sold to the group of
investors with economic effect from January 1, 2012. The target is to
complete the transaction by the end of February 2012. The sale also
includes the JAXX domains, JAXX brands and rights relating to the name
JAXX, though the change in the name of the disposing parent company JAXX SE
is subject to the approval of its Shareholders' Meeting. Spanish lottery
business, which is operated by the 70 percent owned subsidiary DIGIDIS
S.L., Madrid, is not part of the transaction.

The price being targeted is EUR 12.5 million. It is subject to the findings
of due diligence, which will now start. The cash inflows from the
transaction are largely earmarked for financing the capital expenditure
plans for the next few years for sports betting, casino and poker business,
on which the JAXX Group has focused.

This communication is intended for publication exclusively in Germany and
other selected countries. It may not be distributed in or forwarded to the
following countries in whole or part, nor published or made available there
in any other way: USA, Canada, Japan, Australia, any other country in which
such action is restricted by law or prohibited, and any dependent
territories of the above countries.

This communication contains statements about future developments that are
based on information currently available and involve risks and
uncertainties that may result in the actual results differing from these
future-related statements. Such risks and uncertainties include, for
example, unforeseeable changes in political and economic conditions, in
particular in the area of the gaming market, the competitive situation,
interest and exchange rate movements as well as other risks and unexpected
circumstances. JAXX SE and its group companies make no undertaking to
update such future-related statements.

Investor Relations & Corporate Communications
Stefan Zenker
Tel. +49 (40) 85 37 88 47
Fax +49 (40) 85 37 88 30
Mail stefan.zenker@jaxx.com

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Language:     English
Company:      JAXX SE
              Jägersberg 23
              24103 Kiel
Phone:        +49 (0)431 88 104-0
Fax:          +49 (0)431 88 104-40
E-mail:       ir@jaxx.com
Internet:     www.jaxx-se.com
ISIN:         DE000A0JRU67
WKN:          A0JRU6
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement                             DGAP News-Service