World Gaming, Sportingbet in Talks

The Boards of World Gaming plc and Sportingbet plc note the recent movement in World Gaming's share price and confirm that they are in very preliminary discussions which may or may not result in Sportingbet making a recommended all share offer for World Gaming. Based on the closing price of a Sportingbet share of 244 pence per share on 6 September 2006, the offer envisaged would value each World Gaming share at an implied price of 104 pence. There can be no certainty whatsoever that agreement will be reached and an offer will be forthcoming.

The proposed transaction remains subject, inter alia, to due diligence by both parties which has not yet commenced.

World Gaming confirms that it has 54,428,630 ordinary shares of 0.2p each in issue with ISIN GB00B07RW076 in accordance with Rule 2.10 of the City Code.

Daniel Stewart plc which is authorised and regulated in the United Kingdom by The Financial Services Authority is acting for World Gaming in relation to the matters described in this announcement and is not advising any other person, and accordingly will not be responsible to anyone other than World Gaming for providing the protections afforded to customers of Daniel Stewart or for providing advice in relation to the matters described in this announcement.

Investec Investment Banking, a division of Investec Bank (UK) Limited ("Investec") which is authorised and regulated in the United Kingdom by The Financial Services Authority is acting for Sportingbet in relation to the matters described in this announcement and is not advising any other person, and accordingly will not be responsible to anyone other than Sportingbet for providing the protections afforded to customers of Investec or for providing advice in relation to the ma

2006-09-07