Unibet signs agreement to acquire the Solfive Group and re-enter the French market
· Acquisition includes SPS Betting France SAS, currently trading in France as EurosportBet and EurosportPoker. · Initial acquisition price of EUR 5.625 million (GBP 4.8 million) plus net cash adjustment of EUR 1.5 million (GBP 1.3 million) and earn-out. Unibet will also provide funds to Solfive to settle a fixed debt of EUR 2.375 million (GBP 2.0 million). · Agreement is subject to condition precedent of approval by the French regulator, ARJEL, expected before the end of 2011. · An immediate access to the licensed French market, with an active customer base with more than 130,