Betbull Gains Madrid License

6 October 2008

Betbull, the betting exchange operator, announced today that Betbull Bwin Espana S.A., a joint venture between Betbull and Bwin Interactive Entertainment A.G., has obtained a betting license to operate retail betting premises in the community of Madrid.

“We are happy to announce the grant of our retail license in Madrid,” said Simon Bold, director of Betbull, in a prepared statement. “The company has worked hard to fulfill the requirements of the Madrid Licensing Authority and now feels confident to apply for licenses in other provinces as and when legislation permits.”

Mr. Bold added that Betbull views the Spanish market as “the most promising European opportunity” and will focus its resources in the jurisdiction while continuing to maintain its position in Germany.