William Hill PLC - Sale of Spain joint venture - Monday 21st of January 2013

William Hill PLC (LSE: WMH) (William Hill or the Group) announces completion of Coderes purchase of William Hills 50% stake in the Victoria Apuestas joint venture.

As previously announced, following a strategic review by William Hill PLC and Codere S.A. of Victoria Apuestas, the joint venture in Spain, the parties agreed on 13 May 2009 to the gradual withdrawal of William Hill from the joint venture as William Hill decided to focus its international sports betting strategy on the internet via William Hill Online. Pursuant to the terms of the agreement, on 20 January 2010 Codere completed the purchase of William Hills 50% stake in the company for one euro.

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