Hellenic Republic Asset Development Fund: With Three (3) Expressions of Interest From High Quality Bidders, the Greek Lottery Privatization Tender Proceeds to the Next Stage

Athens, Greece (ots/PRNewswire) -

The first stage of the Tender for the concession of a licence to
operate and manage the State Lotteries, was successfully completed
today. The Hellenic Republic Asset Development Fund, the newly
established entity with responsibility for managing Greece's
privatisation programme confirms that three (3) Expressions of
Interest have been received from high quality, international lottery
operators.

Detailed Expressions of Interest have been received from:

1) OSTERREICHISCHE LOTTERIEN GESELLSCHAFT m.b.H. (Austrian Lotteries)
2) Consortium of SISAL S.p.A - DAMCOENERGYS.A- DAMLOTA.E with SISAL S.p.a. as
Lead Member
3) Consortium of OPAP INVESTMENT LIMITED- LOTTOMATICA GIOCHI E PARTECIPAZIONI
S.r.L. - INTRALOT LOTTERIES LIMITED - SCIENTIFIC GAMES GLOBAL GAMING S.ar.L. with OPAP
INVESTMENT LIMITED as Lead Member

The tender, launched on November 1st, 2011, relates to the award
of a 12-year exclusive licence to operate and manage the State
Lotteries, which comprise the National Lottery, the Popular Lottery,
the European Lottery, the Instant State Lottery (Scratch & Win), the
Housing State Lottery and management of the New Year's Lottery.

Commenting on today's announcement Costas Mitropoulos, CEO of the
Hellenic Republic Asset Development Fund, said: "The results of the
first stage of the process for the Lottery Privatization are very
encouraging. Despite the highly uncertain economic environment, high
quality international bidders with proven technical and operational
expertise in the gaming sector have expressed their interest. The
fact that three bidders have expressed their interest is a sign of
competition within the process."

Following the evaluation of the Expressions of Interest and the
shortlist of the selected candidates fulfilling the criteria set
during the first stage of the process, the HRADF will issue them with
the tender documents of the second stage.

Credit Suisse Securities (Europe) Limited and Eurobank EFG
Equities Investment Firm S.A. are acting as financial advisors to the
Hellenic Republic Asset Development Fund on this tender.

For further information and updates please refer to the Hellenic
Republic Asset Development Fund's website (http://www.hradf.com).

Contacts:
M:Communications
Louise Tingstrom
tingstrom@mcomgroup.com
+44-20-7920-23-37
Charlotte McMullen
mcmullen@mcomgroup.com
+44-207-920-2349

ots Originaltext: Hellenic Republic Asset Development Fund
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