Erste Bank Exercised Betbull Shares Option - Monday 10th of April 2006

LONDON – Erste Bank exercised all of its 105,000options on new ordinary shares of betbull - The European Betting ExchangePlc on 30 March 2006. The options were part of the compensation package forErste Bank as lead arranger and book runner for the IPO of Betbull inOctober 2004 and correspond to 5% of the then placed volume. The strikeprice was set at 7 EUR. Betbull receives total proceeds of 735,000 EUR.

Gunter Schmid, CEO of Betbull: "We thank Erste Bank for thisdemonstration of trust and faith into our business and team. It is also ashow of a healthy and long standing relationship with our financialadvisors that extended well over the IPO-phase, as it should be."

Betbull has the goal to establish itself as one of the leadingContinental European retail betting players.

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