Intralot S.A.

Quarterly Report • Dec 2, 2016

INTERIM FINANCIAL REPORT FOR THE PERIOD ENDED 30 September, 2016 ACCORDING TO INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS)

Interim Financial Statements
Income Statement Group/Company for the nine months of 2016 3
Statement of Comprehensive Income Group/Company for the nine months of 2016 4
Income Statement Group/Company for the 3rd Quarter of 2016 5
Statement of Comprehensive Income Group/Company for the 3rd Quarter of 2016 6
Statement of Financial Position Group/Company 7
Statement of changes in Equity Group/Company8
Cash Flow Statement Group/Company 10
1. General information 11
2. Notes to the Interim Financial Statements 11
2.1.1 Basis of preparation of the Financial Statements 11
2.1.2 Statement of compliance 11
2.1.3 Financial Statements 11
2.1.4 Changes in accounting policies 12
2.1.5 EBITDA & EBIT 20
2.1.6 Significant accounting judgments, estimates and assumptions 21
2.1.7 Seasonality and cyclicality of operations 21
2.2 Information per Segment 22
2.3 Income Tax 23
2.4 Income / (expenses) from participations and investments 24
2.5 Gain / (loss) from assets disposal, impairment loss & write-off of assets 24
2.6 Impairment, write off and provisions for doubtful debts 24
2.7 Interest and similar expenses / interest and similar income 24
2.8 Exchange differences 25
2.9 Tangible and intangible assets 25
2.10 Investment in subsidiaries, associates and joint ventures 28
2.11 Other financial assets 29
2.12 Inventories 29
2.13 Cash and cash equivalents 30
2.14 Share capital, treasury shares and reserves 30
2.15 Dividends 32
2.16 Long term debt 32
2.17 Shared based benefits 34
2.18 Financial assets and liabilities 34
2.19 Supplementary information 41
A. Business combination and method of consolidation 41
Ι. Full consolidation 41
ΙΙ. Equity method 43
ΙΙΙ. Acquisitions 44
IV. New companies of the Group 45
V. Changes in ownership percentage during 2016 45
VI. Subsidiaries' share capital increase 46
VII. Strike off – disposal of Group companies 46
VIII. Discontinued operations 46
B. Real liens 50
C. Provisions 50
D. Personnel employed 51
E. Related party disclosures 51
2.20 Contingent liabilities, assets and commitments 53
A. Litigation cases 53
B. Fiscal years unaudited by the tax authorities 61
(i) Subsidiaries 61
(ii) Associate companies & joint ventures 62
C. Commitments 63
(i) Operating lease payment commitments 63
(ii) Guarantees 63
(iii) Financial lease payment commitments 63
2.21 Comparable figures 64
2.22 Subsequent events 64
3. Figures and information for the period January 1, 2016 until September 30, 2016 65

INTERIM FINANCIAL REPORT for the period ended SEPTEMBER 30, 2016

INTERIM FINANCIAL STATEMENTS INCOME STATEMENT GROUP / COMPANY FOR THE NINE MONTHS OF 2016

Amounts reported in thousand €	Note	GROUP		COMPANY
		1/1-30/9/2016	1/1-30/9/2015	1/1-30/9/2016	1/1-30/9/2015
Sale Proceeds	2.2	957.492	894.964	47.285	52.794
Less: Cost of Sales		-789.190	-726.797	-35.043	-32.471
Gross Profit /(loss)		168.302	168.167	12.242	20.323
Other Operating Income		14.340	17.021	14.504	33.951
Selling Expenses		-39.893	-37.336	-7.565	-5.994
Administrative Expenses		-64.196	-66.614	-9.600	-8.487
Research and Development Expenses		-4.131	-5.266	-4.076	-5.210
Other Operating Expenses	2.6	-1.690	-3.807	-12.355	-4.188
EBIT	2.1.5	72.732	72.165	-6.850	30.395
EBITDA	2.1.5	123.944	121.038	1.725	37.153
Income/(expenses) from participations and investments	2.4	-2.050	-68	10.829	-19.918
Gain/(loss) from assets disposal, impairment loss and write-off of assets	2.5	-1.797	181	5	1
Interest and similar expenses	2.7	-54.848	-51.258	-14.510	-20.357
Interest and similar income	2.7	7.956	11.252	2.073	2.623
Exchange Differences	2.8	-1.596	1.316	-68	595
Profit / (loss) from equity method consolidations		-2.603	-2.797	0	0
Operating Profit/(loss) before tax from continuing operations		17.794	30.791	-8.521	-6.661
Tax	2.3	-21.712	-33.675	1.589	-1.538
Profit / (loss) after tax from continuing operations (a)		-3.918	-2.884	-6.932	-8.199
Profit / (loss) after tax from discontinued operations (b) 1		36.325	-13.744	0	0
Profit / (loss) after tax (continuing and discontinued operations) (a)+(b)		32.407	-16.628	-6.932	-8.199
Attributable to:
Equity holders of parent
-Profit/(loss) from continuing operations		-34.518	-36.680	-6.932	-8.199
-Profit/(loss) from discontinued operations 1	2.19	36.325	-13.744	0	0
		1.807	-50.424	-6.932	-8.199
Non-Controlling Interest
-Profit/(loss) from continuing operations		30.600	33.796	0	0
-Profit/(loss) from discontinued operations 1	2.19	0	0	0	0
		30.600	33.796	0	0
Earnings/(loss) after tax per share (in €) from total operations
-basic	2.19	0,0114	-0,3182	-0,0438	-0,0517
-diluted	2.19	0,0114	-0,3182	-0,0438	-0,0517
Weighted Average number of shares		158.332.823	158.490.975	158.332.823	158.490.975

INTERIM FINANCIAL REPORT for the period ended SEPTEMBER 30, 2016

		GROUP		COMPANY
Amounts reported in thousand €	Note	1/1-30/9/2016	1/1-30/9/2015	1/1-30/9/2016	1/1-30/9/2015
Net Profit / (loss) after tax (continuing and discontinued operations) (a)+(b)		32.407	-16.628	-6.932	-8.199
Attributable to:
Equity holders of parent
-Profit/(loss) from continuing operations		-34.518	-36.680	-6.932	-8.199
-Profit/(loss) from discontinued operations 1		36.325	-13.744	0	0
		1.807	-50.424	-6.932	-8.199
Non-Controlling Interest
-Profit/(loss) from continuing operations		30.600	33.796	0	0
-Profit/(loss) from discontinued operations 1		0	0	0	0
		30.600	33.796	0	0
Other comprehensive income after tax
Amounts that may not be reclassified to profit or loss:
Defined benefit plans revaluation for subsidiaries and parent company		410	6	0	0
Amounts that may be reclassified to profit or loss:
Valuation of available- for -sale financial assets of parent and subsidiaries	2.11	-428	-1.990	-2	-7
Derivatives valuation of parent and subsidiaries		28	0	28	0
Exchange differences on translating foreign operations of subsidiaries	2.14	-7.718	-16.407	0	0
Share of exchange differences on translating foreign operations of associates and joint ventures	2.14	-2.942	6.142	0	0
Other comprehensive income/ (expenses) after tax		-10.650	-12.249	26	-7
Total comprehensive income / (expenses) after tax		21.757	-28.877	-6.906	-8.206
Attributable to:
Equity holders of parent		-4.407	-57.910	-6.906	-8.206
Non-Controlling Interest		26.164	29.033	0	0

INTERIM FINANCIAL REPORT for the period ended SEPTEMBER 30, 2016

FOR THE 3rd QUARTER OF 2016 INCOME STATEMENT GROUP / COMPANY
		GROUP		COMPANY
Amounts reported in thousand €	Note	1/7-30/9/2016	1/7-30/9/2015	1/7-30/9/2016	1/7-30/9/2015
Sale Proceeds	2.2	320.620	276.027	18.194	13.445
Less: Cost of Sales		-271.516	-223.976	-15.710	-6.489
Gross Profit /(loss)		49.104	52.051	2.484	6.956
Other Operating Income		4.130	4.633	57	-1.125
Selling Expenses		-12.479	-10.004	-2.301	-2.141
Administrative Expenses		-21.792	-21.014	-3.102	-2.230
Research and Development Expenses		-1.435	-914	-1.413	-895
Other Operating Expenses	2.6	-314	-335	-29	-40
EBIT	2.1.5	17.214	24.417	-4.304	525
EBITDA	2.1.5	35.044	40.873	-1.075	2.875
Income/(expenses) from participations and investments	2.4	-692	-870	1.231	-5
Gain/(loss) from assets disposal, impairment loss and write-off of assets	2.5	-25	-67	0	1
Interest and similar expenses	2.7	-20.725	-16.502	-4.867	-5.958
Interest and similar income	2.7	1.721	3.420	433	676
Exchange Differences	2.8	1.550	-4.457	384	-2.229
Profit / (loss) from equity method consolidations		-830	-866	0	0
Operating Profit/(loss) before tax from continuing operations		-1.787	5.075	-7.123	-6.990
Tax	2.3	-6.397	-8.306	250	-926
Profit / (loss) after tax from continuing operations (a)		-8.184	-3.231	-6.873	-7.916
Profit / (loss) after tax from discontinued operations (b) 1		1.037	-5.435	0	0
Profit / (loss) after tax (continuing and discontinued operations) (a)+(b)		-7.147	-8.666	-6.873	-7.916
Attributable to:
Equity holders of parent
-Profit/(loss) from continuing operations		-18.624	-13.996	-6.873	-7.916
-Profit/(loss) from discontinued operations 1	2.19	1.037	-5.435	0	0
		-17.587	-19.431	-6.873	-7.916
Non-Controlling Interest
-Profit/(loss) from continuing operations		10.440	10.765	0	0
-Profit/(loss) from discontinued operations 1	2.19	0	0	0	0
		10.440	10.765	0	0
Earnings/(loss) after tax per share (in €) from total operations
-basic	2.19	-0,1111	-0,1226	-0,0434	-0,0499
-diluted	2.19	-0,1111	-0,1226	-0,0434	-0,0499
Weighted Average number of shares		158.332.823	158.490.975	158.332.823	158.490.975

INTERIM FINANCIAL REPORT for the period ended SEPTEMBER 30, 2016

STATEMENT OF COMPREHENSIVE INCOME GROUP / COMPANY FOR THE 3rd QUARTER OF 2016

		GROUP		COMPANY
Amounts reported in thousand €	Note	1/7-30/9/2016	1/7-30/9/2015	1/7-30/9/2016	1/7-30/9/2015
Net Profit / (loss) after tax (continuing and discontinued operations) (a)+(b)		-7.147	-8.666	-6.873	-7.916
Attributable to:
Equity holders of parent
-Profit/(loss) from continuing operations		-18.624	-13.996	-6.873	-7.916
-Profit/(loss) from discontinued operations 1		1.037	-5.435	0	0
		-17.587	-19.431	-6.873	-7.916
Non-Controlling Interest
-Profit/(loss) from continuing operations		10.440	10.765	0	0
-Profit/(loss) from discontinued operations 1		0	0	0	0
		10.440	10.765	0	0
Other comprehensive income after tax
Amounts that may not be reclassified to profit or loss:
Defined benefit plans revaluation for subsidiaries and parent company		98	14	0	0
Amounts that may be reclassified to profit or loss:
Valuation of available- for -sale financial assets of parent and subsidiaries	2.11	851	-1.071	-1	-8
Derivatives valuation of parent and subsidiaries		95	32	95	0
Exchange differences on translating foreign operations of subsidiaries	2.14	-6.400	-17.503	0	0
Share of exchange differences on translating foreign operations of associates and joint ventures	2.14	-258	-1.022	0	0
Other comprehensive income/ (expenses) after tax		-5.614	-19.550	94	-8
Total comprehensive income / (expenses) after tax		-12.761	-28.216	-6.779	-7.924
Attributable to:
Equity holders of parent		-21.581	-34.584	-6.779	-7.924
Non-Controlling Interest		8.820	6.368	0	0

INTERIM FINANCIAL REPORT for the period ended SEPTEMBER 30, 2016

STATEMENT OF FINANCIAL POSITION GROUP/COMPANY

			GROUP	COMPANY
Amounts reported in thousand €	Note	30/9/2016	31/12/2015	30/9/2016	31/12/2015
ASSETS
Tangible assets	2.9	130.906	166.445	17.638	17.338
Investment property	2.9	5.061	5.805	0	0
Intangible assets	2.9	337.479	328.827	83.798	83.144
Investment in subsidiaries, associates and joint ventures	2.10	120.464	40.863	181.522	172.294
Other financial assets	2.11	24.094	26.085	3.241	3.243
Deferred Tax asset		5.837	9.115	0	0
Other long term receivables		60.690	70.225	144	200
Total Non-Current Assets		684.531	647.365	286.343	276.219
Inventories	2.12	38.700	42.591	24.924	24.064
Trade and other short term receivables		163.138	202.732	114.617	127.092
Other financial assets		28	0	28	0
Cash and cash equivalents	2.13	392.790	276.609	18.393	35.859
Total Current Assets		594.656	521.932	157.962	187.015
Assets held for sale 1	2.19	29.463	0	0	0
TOTAL ASSETS		1.308.650	1.169.297	444.305	463.234
EQUITY AND LIABILITIES
Share capital	2.14	47.689	47.689	47.689	47.689
Treasury shares	2.14	-985	-490	-985	-490
Other reserves	2.14	60.102	62.211	45.753	45.727
Foreign currency translation	2.14	-63.036	-59.410	0	0
Retained earnings	2.15	83.480	79.563	400	7.332
Reserves from profit / (loss) recognized directly in other comprehensive income and are related to assets held	2.19	-2.602	0	0	0
for sale 1
Total equity attributable to shareholders of the
parent		124.648	129.563	92.857	100.258
Non-Controlling Interest		64.501	77.819	0	0
Total Equity		189.149	207.382	92.857	100.258
Long term debt	2.16	705.510	716.094	238.683	280.673
Staff retirement indemnities		5.079	6.879	3.235	3.412
Other long term provisions	2.19	6.114	6.638	5.007	4.665
Deferred Tax liabilities		15.792	16.142	6.160	6.700
Other long term liabilities		16.581	19.113	0	0
Finance lease obligation	2.20	754	1.966	0	0
Total Non-Current Liabilities		749.830	766.832	253.085	295.450
		120.810	135.280	62.331	62.200
Trade and other short term liabilities
Short term debt and finance lease		220.331	36.180	32.072	1.358
Current income tax payable		6.639	14.986	0	608
Short term provision	2.19	9.322	8.637	3.960	3.360
Total Current Liabilities		357.102	195.083	98.363	67.526
Liabilities directly related to assets held for sale 1	2.19	12.569	0	0	0
TOTAL LIABILITIES		1.119.501	961.915	351.448	362.976
TOTAL EQUITY AND LIABILITIES		1.308.650	1.169.297	444.305	463.234

¹ The Group subsidiaries activities in Italy and those of Intralot de Peru SAC are presented as assets held for sale pursuant to IFRS 5 note 2.19.A.VIII)

STATEMENT OF CHANGES IN EQUITY GROUP

STATEMENT OF CHANGES IN EQUITY INTRALOT GROUP (Amounts reported in thousand of €)	Share Capital	Treasury Shares	Legal Reserve	Other Reserves	Foreign currency translation	Retained Earnings	Assets held for sale 1 reserves	Total	Non Controlling Interest	Grand Total
Opening Balance 1 January 2016	47.689	-490	30.561	31.650	-59.410	79.563	0	129.563	77.819	207.382
Effect on retained earnings from previous years adjustments						-13		-13	18	5
Subsidiary share capital return								0	-3.357	-3.357
New consolidated entities								0	2.759	2.759
Period's results						1.807		1.807	30.600	32.407
Other comprehensive income / (expenses) after tax				17	-6.228	-3		-6.214	-4.436	-10.650
Dividends to equity holders of parent / non-controlling interest								0	-38.902	-38.902
Discontinued operations					2.602		-2.602	0		0
Transfer between Reserves			-2.052	-74		2.126		0		0
Repurchase of own shares		-495						-495		-495
Balances as at 30 September 2016	47.689	-985	28.509	31.593	-63.036	83.480	-2.602	124.648	64.501	189.149

¹Reserves from profit / (loss) recognized directly in other comprehensive income and are related to assets held for sale (note 2.19.Α.VIII)

STATEMENT OF CHANGES IN EQUITY INTRALOT GROUP (Amounts reported in thousand of €)	Share Capital	Treasury Shares	Legal Reserve	Other Reserves	Foreign currency translation	Retained Earnings	Assets held for sale reserves	Total	Non Controlling Interest	Grand Total
Opening Balance 1 January 2015	47.689	-490	26.001	33.806	-57.090	167.563	0	217.479	100.060	317.539
Effect on retained earnings from previous years adjustments						-4		-4	1	-3
Period's results						-50.424		-50.424	33.796	-16.628
Other comprehensive income / (expenses) after tax				-1.986	-5.503	3		-7.486	-4.763	-12.249
Dividends to equity holders of parent / non-controlling interest								0	-58.355	-58.355
Effect due to change in participation percentage						-2.258		-2.258	-2.343	-4.601
Transfer between Reserves			2.855	-537		-2.318		0		0
Balances as at 30 September 2015	47.689	-490	28.856	31.283	-62.593	112.562	0	157.307	68.396	225.703

STATEMENT OF CHANGES IN EQUITY COMPANY

STATEMENT OF CHANGES IN EQUITY INTRALOT S.A. (Amounts reported in thousand of €)	Share Capital	Treasury Shares	Legal Reserve	Other Reserves	Retained Earnings	Total
Opening Balance 1 January 2016	47.689	-490	15.896	29.831	7.332	100.258
Period's results					-6.932	-6.932
Other comprehensive income /(expenses) after tax				26		26
Repurchase of own shares		-495				-495
Balances as at 30 September 2016	47.689	-985	15.896	29.857	400	92.857

STATEMENT OF CHANGES IN EQUITY INTRALOT S.A. (Amounts reported in thousand of €)	Share Capital	Treasury Shares	Legal Reserve	Other Reserves	Retained Earnings	Total
Opening Balance 1 January 2015	47.689	-490	15.896	30.168	10.420	103.683
Effect on retained earnings from previous years adjustments					-18	-18
Period's results					-8.199	-8.199
Other comprehensive income /(expenses) after tax				-7		-7
Transfer between Reserves				-542	542	0
Balances as at 30 September 2015	47.689	-490	15.896	29.619	2.745	95.459

CASH FLOW STATEMENT GROUP/COMPANY

		GROUP		COMPANY
Amounts reported in thousand of € (total operations)	Note	1/1- 30/9/2016	1/1- 30/9/2015	1/1- 30/9/2016	1/1- 30/9/2015
Operating activities
Profit / (loss) before tax from continuing operations		17.794	30.791	-8.521	-6.661
Profit / (loss) before tax from discontinued operations	2.19	37.719	-12.805	0	0
Profit / (loss) before Taxation		55.513	17.986	-8.521	-6.661
Plus / Less adjustments for:
Depreciation and Amortization		68.740	71.910	8.575	6.758
Provisions	2.5/2.6	2.913	3.411	-1.800	6.779
Results (income, expenses, gain and loss)	2.4/2.5
from Investing Activities	2.8/2.10	-37.332	639	-10.843	-16.890
Interest and similar expenses	2.7	55.929	51.857	14.510	20.357
Interest and similar Income	2.7	-8.105	-11.339	-2.073	-2.623
Plus / Less adjustments for changes in working capital:
Decrease / (increase) of Inventories		1.602	837	-860	4.909
Decrease / (increase) of Receivable Accounts		-3.271	-22.993	8.128	7.830
(Decrease) / increase of Payable Accounts (except Banks)		4.566	-24.669	-724	-51.377
Less: Income Tax Paid		19.413	22.799	0	0
Total inflows / (outflows) from operating activities (a)		121.142	64.840	6.392	-30.918
Investing Activities
(Purchases) / Sales of subsidiaries, associates, joint ventures and other	2.11 2.19	-32.677	2.798	1.245	-203
investments Purchases of tangible and intangible assets	2.9	-47.150	-55.463	-9.529	-15.040
Proceeds from sales of tangible and
intangible assets	2.9	2.504	1.751	7	0
Interest received		5.930	10.559	1.165	585
Dividends received		1.011	1.874	9.272	13.856
Total inflows / (outflows) from investing activities (b)		-70.382	-38.481	2.160	-802
Financing Activities
Subsidiary share capital return		-3.357	0	0	0
Repurchase of own shares		-495	0	-495	0
Cash inflows from loans	2.16	287.750	46.395	10.000	289.604
Repayment of loans	2.16	-107.142	-38.486	-32.124	-227.806
Bond buy backs	2.16	-3.742	-41.352	0	0
Repayments of finance lease obligations		-6.294	-8.667	0	0
Interest and similar expenses paid		-53.346	-53.935	-4.180	-17.496
Dividends paid	2.15	-37.498	-55.941	0	0
Total inflows / (outflows) from financing activities (c)		75.876	-151.986	-26.799	44.302
Net increase / (decrease) in cash and
cash equivalents for the period (a) + (b) + (c )		126.636	-125.627	-18.247	12.582
Cash and cash equivalents at the beginning of the period	2.13	276.609	416.925	35.859	7.875
Net foreign exchange difference		-4.952	-18.983	781	-1.187
Cash and cash equivalents at the end of the period from total operations	2.13	398.293	272.315	18.393	19.270
Less: Cash and cash equivalents at the end of the period from discontinued operations	2.19	-5.503	0	0	0
Cash and cash equivalents at the end of the period from continuing operations	2.13	392.790	272.315	18.393	19.270

1. GENERAL INFORMATION

INTRALOT S.A. – "Integrated Lottery Systems and Gaming Services", with the distinct title «INTRALOT» is a business entity that was established based on the Laws of Hellenic Republic, whose shares are traded in the Athens Stock Exchange. Reference to «INTRALOT» or the «Company» includes INTRALOT S.A. whereas reference to the «Group» includes INTRALOT S.A. and its fully consolidated subsidiaries, unless otherwise stated. The Company was established in 1992 and has its registered office in Maroussi of Attica.

INTRALOT, a public listed company, is the leading supplier of integrated gaming and transaction processing systems, innovative game content, sports betting management and interactive gaming services to state-licensed gaming organizations worldwide. Its broad portfolio of products & services, its know-how of Lottery, Betting, Racing & Video Lottery operations and its leading-edge technology, give INTRALOT a competitive advantage, which contributes directly to customers' efficiency, profitability and growth. With presence in 55 countries and states, with approximately 5.200 employees and revenues of €1,91 billion for 2015, INTRALOT has established its presence on all 5 major continents.

The interim condensed financial statements of the Group and the Company for the period ended September 30, 2016 were approved by the Board of Directors on November 30, 2016.

2. NOTES TO THE INTERIM FINANCIAL STATEMENTS

2.1.1 Basis of preparation of the Financial Statements

The attached financial statements have been prepared on the historical cost basis, except for the available-for-sale financial assets and the derivative financial instruments that are measured at fair value, or at cost if the difference is not a significant amount, and on condition that the Company and the Group would continue as a going concern. The attached financial statements are presented in Euros and all values are rounded to the nearest thousand (€000) except if indicated otherwise.

2.1.2 Statement of compliance

These financial statements for the period ended 30 September 2016 have been prepared in accordance with IAS 34 "Interim Financial Reporting". Those interim condensed financial statements do not include all the information and disclosures required by IFRS in the annual financial statements and should be read in conjunction with the Group's and Company's annual financial statements as at 31st December 2015.

2.1.3 Financial Statements

INTRALOT keeps its accounting books and records and prepares its financial statements in accordance with the International Financial Reporting Standards (IFRS) Law 4308/2014 chap. 2, 3 & 4 and current tax regulations and issues its financial statements in accordance with the International Financial Reporting Standards (IFRS).

INTRALOT's Greek subsidiaries keep their accounting books and records and prepare their financial statements in accordance with GAS (L.4308/2014), the International Financial Reporting Standards (IFRS) and current tax regulations. INTRALOT's foreign subsidiaries keep their accounting books and records and prepare their financial statements in accordance with the applicable laws and regulations in their respective countries. For the purpose of the consolidated financial statements, Group entities'

financial statements are adjusted and prepared in relation to the requirements of the International Financial Reporting Standards (IFRS).

2.1.4 Changes in accounting policies

For the preparation of the financial statements of period ended September 30, 2016, the accounting policies adopted are consistent with those followed in the preparation of the most recent annual financial statements (December 31, 2015), except for the below mentioned adoption of new standards and interpretations applicable for fiscal periods beginning at January 1, 2016.

Standards and Interpretations compulsory for the fiscal year 2016

New standards, amendments of published standards and interpretations mandatory for accounting periods beginning on 1st January 2016. The Group's assessment of the impact of these new and amended standards and interpretations is set out below.

IFRS 14 "Regulatory Deferral Accounts" (interim Standard)

This applies to annual accounting periods starting on or after 1st January 2016. Earlier application is permitted. The European Commission has decided not to launch the endorsement process of this interim standard and to wait for the final standard.

In January 2014, the IASB issued an interim Standard, IFRS 14 "Regulatory Deferral Accounts". The aim of this interim Standard is to enhance the comparability of financial reporting by entities that are engaged in rate-regulated activities. Many countries have industry sectors that are subject to rate regulation, whereby governments regulate the supply and pricing of particular types of activity by private entities. This can include utilities such as gas, electricity and water. Rate regulation can have a significant impact on the timing and amount of an entity's revenue. IFRS does not provide any specific guidance for rate-regulated activities. The IASB has a project to consider the broad issues of rate regulation and plans to publish a Discussion Paper on this subject. Pending the outcome of this comprehensive Rate-regulated Activities project, the IASB decided to develop IFRS 14 as an interim measure. IFRS 14 permits first-time adopters to continue to recognise amounts related to rate regulation in accordance with their previous GAAP requirements when they adopt IFRS. However, to enhance comparability with entities that already apply IFRS and do not recognise such amounts, the Standard requires that the effect of rate regulation must be presented separately from other items. An entity that already presents IFRS financial statements is not eligible to apply the Standard. These amendments do not affect Group financial statements and have not yet been endorsed by the European Union.

IAS 19 (Αmendment) "Employee Benefits"

(COMMISSION REGULATION (EU) No.2015/29 of 17th December 2014, L 5/11 -9/1/2015)

This applies to annual accounting periods starting on or after 1st February 2015. Earlier application is permitted.

In November 2013 the IASB issued narrow scope amendments in IAS 19 "Employee Benefits". The narrow scope amendments apply to contributions from employees or third parties to defined benefit plans. The objective of the amendments is to simplify the accounting for contributions that are independent of the number of years of employee service, for example, employee contributions that are calculated according to a fixed percentage of salary. These amendments do not affect Group financial statements.

IAS 16 (Αmendment) "Property, Plant and Equipment" and IAS 38 (Amendment) "Intangible Assets"

(COMMISSION REGULATION (EU) No. 2015/2231 of 2nd December 2015, , L 317/19 -3/12/2015) This applies to annual accounting periods starting on or after 1st January 2016. Earlier application is permitted.

In May 2014, the IASB published amendments to IAS 16 "Property, Plant and Equipment" and IAS 38 "Intangible Assets". IAS 16 and IAS 38 both establish the principle for the basis of depreciation and amortisation as being the expected pattern of consumption of the future economic benefits of an asset. The IASB has clarified that the use of revenue-based methods to calculate the depreciation of an asset is not appropriate because revenue generated by an activity that includes the use of an asset generally reflects factors other than the consumption of the economic benefits embodied in the asset. The IASB also clarified that revenue is generally presumed to be an inappropriate basis for measuring the consumption of the economic benefits embodied in an intangible asset. This presumption, however, can be rebutted in certain limited circumstances. These amendments do not affect Group financial statements.

IAS 16 (Αmendment) "Property, Plant and Equipment" and IAS 41 (amendment) "Agriculture"

(COMMISSION REGULATION (EU) No. 2015/2113 of 23rd November 2015, L 306/7 -24/11/2015)

This applies to annual accounting periods starting on or after 1st January 2016. Earlier application is permitted.

In June 2014, the IASB published amendments that change the financial reporting for bearer plants. The IASB decided that bearer plants should be accounted for in the same way as property, plant and equipment in IAS 16 "Property, Plant and Equipment", because their operation is similar to that of manufacturing. Consequently, the amendments include them within the scope of IAS 16, instead of IAS 41. These amendments do not affect Group financial statements.

IFRS 11 (Αmendment) "Joint Arrangements"

(COMMISSION REGULATION (EU) No. 2015/2173 of 24th November 2015, L 307/11 -25/11/2015) This applies to annual accounting periods starting on or after 1st January 2016. Earlier application is permitted.

In May 2014, the IASB published amendments to IFRS 11 "Joint Arrangements". IFRS 11 addresses the accounting for interests in joint ventures and joint operations and adds new guidance on how to account for the acquisition of an interest in a joint operation that constitutes a business. The amendments specify the appropriate accounting treatment for such acquisitions. These amendments do not affect Group financial statements.

IAS 27 (Αmendment) "Separate Financial Statements"

(COMMISSION REGULATION (EU) No. 2015/2441 of 18th December 2015, L 336/49 -23/12/2015) This applies to annual accounting periods starting on or after 1st January 2016. Earlier application is permitted.

In August 2014, the IASB published amendments to IAS 27 "Separate Financial Statements". The amendments to IAS 27 will allow entities to use the equity method to account for investments in

subsidiaries, joint ventures and associates in their separate financial statements. Intralot SA will continue accounting, in its separate financial statements, for investments in subsidiaries, joint ventures and associates either at cost or in accordance with IFRS 9.

IFRS 10, IFRS 12 & IAS 28 (Αmendments) "Investment Entities: Applying the Consolidation Exception"

(COMMISSION REGULATION (EU) No. 2016/1703 of 22nd September 2016, L 257/1 -23/9/2016)

This applies to annual accounting periods starting on or after 1st January 2016. Earlier application is permitted.

In December 2014, the IASB published amendments to IFRS 10 "Consolidated Financial Statements", IFRS 12 "Disclosure of Interests in other entities" and IAS 28 "Investments in Associates and Joint Ventures". The amendments introduce clarifications to the requirements when accounting for investment entities. The amendments also provide relief in particular circumstances, which will reduce the costs of applying the Standards. These amendments do not affect Group financial statements.

IAS 1 (Αmendment) "Presentation of Financial Statements"

(COMMISSION REGULATION (EU) No. 2015/2406 of 18th December 2015, L 333/97 -19/12/2015) This applies to annual accounting periods starting on or after 1st January 2016. Earlier application is permitted.

In December 2014, the IASB published amendments to IAS 1 "Presentation of Financial Statements". The amendments are designed to further encourage companies to apply professional judgement in determining what information to disclose in their financial statements. For example, the amendments make clear that materiality applies to the whole of financial statements and that the inclusion of immaterial information can inhibit the usefulness of financial disclosures. Furthermore, the amendments clarify that companies should use professional judgement in determining where and in what order information is presented in the financial disclosures. The Group has taken into account the amendments during the preparation of its financial statements.

Amendments that regard part of the annual improvement program of IASB (International Accounting Standards Board)

IASB in its annual improvement program published in December 2013, a Cycle of narrow scope amendments to existing Standards. The amendments hold for the annual fiscal periods beginning on or after the 1st of February, 2015. The below amendments will not have significant effect on the Group's financial statements.

Annual Improvements to IFRSs 2010-2012 Cycle

(COMMISSION REGULATION (EU) No.2015/28 of 17th December 2014, L 5/1 -9/1/2015)

IFRS 2 "Share-based Payment"

Definitions of "vesting conditions" and "market conditions" are amended and the definitions of "performance conditions" and "service conditions" are added (previously were part of the "vesting conditions" definition).

IFRS 3 "Business Combinations"

The amendment clarifies that the contingent consideration that is classified as financial asset or liability shall be measured at fair value at each reporting date.

IFRS 8 "Operating Segments"

The amendment requires that an entity shall disclose the judgements made by the management in applying the aggregation criteria in operating segments. It also clarifies that the entity shall provide reconciliations of the total reportable segments' assets to the entity's assets only if the segments assets are reported regularly.

IFRS 13 "Fair Value Measurement"

The amendment clarifies that the issue of IFRS 13 and the amendments of IFRS 9 and IAS 39 did not result in the deletion of the ability to measure short-term receivables and payables with no stated interest rate at invoice amounts without discounting, when the effect of not discounting is immaterial.

IAS 16 "Property, Plant and Equipment"

The amendment clarifies that when an item of property, plant and equipment is revalued, the gross carrying amount is adjusted in a manner that is consistent with revaluation of the carrying amount of the asset and the accumulated depreciation is eliminated against the gross carrying amount of the asset.

IAS 24 "Related Party Disclosures"

The amendment clarifies that the entity, or any member of a group of which is part, provides "key management personnel" services to the reporting entity or to the parent of the reporting entity, is a related party to the reporting entity.

IAS 38 "Intangible Assets"

The amendment clarifies that when an intangible asset is revalued, the gross carrying amount is adjusted in a manner that is consistent with revaluation of the carrying amount of the asset and the accumulated depreciation is eliminated against the gross carrying amount of the asset.

Also, IASB in its annual improvement program published in September 2014, one new Cycle of narrow scope amendments to existing Standards. The amendments hold for the annual fiscal periods beginning on or after the 1st of January, 2016. The below amendments will not have significant effect on the Group's financial statements.

Annual Improvements to IFRSs 2012-2014 Cycle

(COMMISSION REGULATION (EU) No. 2015/2343 of 15th December 2015, L 330/20 -16/12/2015)

IFRS 5 "Non-current Assets Held for Sale and Discontinued Operations"

The amendment clarifies the accounting for a change in a disposal plan from a plan to sell a noncurrent asset (or disposal group) to a plan to distribute a non-current asset (or disposal group), and provides guidance in IFRS 5 for the discontinuation of held for distribution accounting.

IFRS 7 "Financial Instruments: Disclosure"

The amendment clarifies how an entity should apply the guidance in paragraph 42C of IFRS 7 to a servicing contract in order to decide whether a servicing contract is "continuing involvement" for the purposes of applying the disclosure requirements in paragraphs 42E–42H of IFRS 7.

IAS 19 "Employee Benefits"

The amendment clarifies that for the determination of the rate used to discount post-employment benefit obligations, the depth of the market for high quality corporate bonds should be assessed at the currency level.

IAS 34 "Interim Financial Reporting"

The amendment clarifies the meaning of disclosure of information "elsewhere in the interim financial report" in paragraph 16A of IAS 34 and requires the inclusion of a cross-reference from the interim financial statements to the location of this information.

Standards and Interpretations compulsory after 31 December 2016

The following new standards, amendments and IFRICs have been published but are in effect for the annual fiscal period beginning the 1st of January 2017 and have not been adopted from the Group earlier.

IFRS 9 "Financial Instruments"

This applies to annual accounting periods starting on or after 1st January 2018. Earlier application is permitted.

In July 2014, the IASB completed the last phase of IAS 39 replacement by issuing IFRS 9 "Financial Instruments". The package of improvements introduced by IFRS 9 includes a logical model for classification and measurement, a single, forward-looking 'expected loss' impairment model and a substantially-reformed approach to hedge accounting.

Classification and Measurement

Classification determines how financial assets and financial liabilities are accounted for in financial statements and, in particular, how they are measured on an ongoing basis. IFRS 9 introduces a logical approach for the classification of financial assets, which is driven by cash flow characteristics and the business model in which an asset is held. This single, principle-based approach replaces existing rulebased requirements that are generally considered to be overly complex and difficult to apply. The new model also results in a single impairment model being applied to all financial instruments, thereby removing a source of complexity associated with previous accounting requirements.

Impairment

During the financial crisis, the delayed recognition of credit losses on loans (and other financial instruments) was identified as a weakness in existing accounting standards. As part of IFRS 9, the IASB has introduced a new, expected-loss impairment model that will require more timely recognition of expected credit losses. Specifically, the new Standard requires entities to account for expected credit losses from when financial instruments are first recognised and to recognise full lifetime expected losses on a more timely basis.

Hedge accounting

IFRS 9 introduces a substantially-reformed model for hedge accounting, with enhanced disclosures about risk management activity. The new model represents a significant overhaul of hedge accounting that aligns the accounting treatment with risk management activities, enabling entities to better reflect these activities in their financial statements. In addition, as a result of these changes, users of the financial statements will be provided with better information about risk management and the effect of hedge accounting on the financial statements.

Own credit risk

IFRS 9 also removes the volatility in profit or loss that was caused by changes in the credit risk of liabilities elected to be measured at fair value. This change in accounting means that gains caused by the deterioration of an entity's own credit risk on such liabilities are no longer recognised in profit or loss. Early application of this improvement to financial reporting, prior to any other changes in the accounting for financial instruments, is permitted by IFRS 9.

The Group is in the process of evaluating the effect of IFRS 9 on its financial statements. IFRS 9 has not been endorsed yet by the European Union and cannot, therefore, be implemented earlier by the Group. Only when it has been endorsed will the Group decide whether or not it will implement IFRS 9 before 1st January 2018.

IFRS 7 (Amendment) "Financial Instruments: Disclosures"

This applies to annual accounting periods starting on or after 1st January 2018. Earlier application is permitted.

On 16.12.2011 and on 19.11.2013, the IASB issued an amendment in IFRS 7, adding in the Standard disclosures related to the transition to IFRS 9. The amendment has not yet been endorsed by the European Union. The Group is in the process of evaluating the effect of the amendment on its financial statements.

IFRS 15 "Revenue from Contracts with Customers"

(COMMISSION REGULATION (EU) No. 2016/1905 of 22nd September 2016, L 295/19 - 29/10/2016) This applies to annual accounting periods starting on or after 1st January 2018. Earlier application is permitted.

In May 2014, the International Accounting Standards Board (IASB), responsible for International Financial Reporting Standards (IFRS), and the Financial Accounting Standards Board (FASB), responsible for US Generally Accepted Accounting Principles (US GAAP), jointly issued a converged Standard on the recognition of revenue from contracts with customers. The Standard will improve the financial reporting of revenue and improve comparability of the financial statements globally.

Revenue is a vital metric for users of financial statements and is used to assess a company's financial performance and prospects. However, the previous requirements of both IFRS and US GAAP were different and often resulted in different accounting for transactions that were economically similar. Furthermore, while revenue recognition requirements of IFRS lacked sufficient detail, the accounting requirements of US GAAP were considered to be overly prescriptive and conflicting in certain areas.

Responding to these challenges, the boards have developed new, fully converged requirements for the recognition of revenue in both IFRS and US GAAP—providing substantial enhancements to the quality

and consistency of how revenue is reported while also improving comparability in the financial statements of companies reporting using IFRS and US GAAP.

This new Standard replaces IAS 18, IAS 11 and the Interpretations IFRIC 13, IFRIC 15, IFRIC 18 and SIC 31 that are related to revenue recognition. The core principle of the new Standard is for companies to recognise revenue to depict the transfer of goods or services to customers in amounts that reflect the consideration (that is, payment) to which the company expects to be entitled in exchange for those goods or services. The new Standard will also result in enhanced disclosures about revenue, provide guidance for transactions that were not previously addressed comprehensively (for example, service revenue and contract modifications) and improve guidance for multiple-element arrangements.

The Group will assess the impact of the new standard on its financial statements.

IFRS 15 (Amendment) "Revenue from Contracts with Customers"

This applies to annual accounting periods starting on or after 1st January 2018. Earlier application is permitted.

In April 2016, the IASB issued amendments in IFRS 15 "Revenue from Contracts with Customers" including clarifications about how IFRS 15 principles should be applied. They arise as a result of discussions of the Transition Resource Group (TRG). The TRG was set up jointly by the IASB and the US national standard-setter, the Financial Accounting Standards Board (FASB), to assist companies with implementing the new Standard. The amendments clarify how to:

• identify a performance obligation (the promise to transfer a good or a service to a customer) in a contract;
• determine whether a company is a principal (the provider of a good or service) or an agent (responsible for arranging for the good or service to be provided); and
• determine whether the revenue from granting a licence should be recognised at a point in time or over time.

In addition to the clarifications, the amendments include two additional reliefs to reduce cost and complexity for a company when it first applies the new Standard.

The Group will assess the impact of these amendments on its financial statements. These amendments have not yet been endorsed by the European Union.

IFRS 16 "Leases"

This applies to annual accounting periods starting on or after 1st January 2019. Earlier application is permitted if IFRS 15 "Revenue from Contracts with Customers" has also been applied.

In January 2016, the IASB issued a new accounting Standard, called IFRS 16 "Leases" that replaces IAS 17 "Leases", and related Interpretations. IFRS 16 sets out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract, i.e. the customer ('lessee') and the supplier ('lessor').

As for lessee, IFRS 16 eliminates the classification of leases as either operating leases or finance leases as is required by IAS 17 and, instead, introduces a single lessee accounting model. Applying that model, a lessee is required to recognise:

(a) assets and liabilities for all leases with a term of more than 12 months, unless the underlying asset is of low value; and

(b) depreciation of lease assets separately from interest on lease liabilities in the income statement.

As for lessor, IFRS 16 substantially carries forward the lessor accounting requirements in IAS 17. Accordingly, a lessor continues to classify its leases as operating leases or finance leases, and to account for those two types of leases differently.

The Group will assess the impact of the new standard on its financial statements. This new standard has not yet been endorsed by the European Union.

IAS 7 (Amendment) "Statement of Cash Flows"

This applies to annual accounting periods starting on or after 1st January 2017. Earlier application is permitted.

In January 2016 the IASB issued amendments in IAS 7 "Statement of Cash Flows" about improvements to disclosures. These disclosures require companies to provide information about changes in their financing liabilities arising from financing activities, including changes from cash flows and non-cash changes (such as foreign exchange gains or losses).

The Group will assess the impact of the amendment on its financial statements. These amendments have not yet been endorsed by the European Union.

IAS 12 (Amendment) "Income Taxes"

This applies to annual accounting periods starting on or after 1st January 2017. Earlier application is permitted.

In January 2016 the IASB issued amendments in IAS 12 "Income Taxes" about Recognition of Deferred Tax Assets for Unrealised Losses, clarifying how to account for deferred tax assets related to debt instruments measured at fair value to address diversity in practice.

The Group will assess the impact of the amendment on its financial statements. These amendments have not yet been endorsed by the European Union.

IFRS 10 & IAS 28 (Αmendments) "Sale or contribution of Assets between an Investor and its Associate or Joint Venture"

In September 2014, the IASB announced that the amendments apply to annual accounting periods starting on or after 1st January 2016. In December 2015 it was announced that application is indefinitely deferred. Earlier application is permitted.

In September 2014, the IASB published amendments to IFRS 10 "Consolidated Financial Statements" and IAS 28 "Investments in Associates and Joint Ventures". The amendments address an acknowledged inconsistency between the requirements in IFRS 10 and those in IAS 28 (2011), in dealing with the sale or contribution of assets between an investor and its associate or joint venture. The main consequence of the amendments is that a full gain or loss is recognised when a transaction involves a business (whether it is housed in a subsidiary or not). A partial gain or loss is recognised when a transaction involves assets that do not constitute a business, even if these assets are housed in a subsidiary. The Group will assess the impact of the amendment on its financial statements. These amendments have not yet been endorsed by the European Union.

IFRS 2 (Amendment) "Share-based Payment"

This applies to annual accounting periods starting on or after 1st January 2018. Earlier application is permitted.

In June 2016 the IASB issued amendments in IFRS 2 "Share-based Payment", clarifying how to account for certain types of share-based payment transactions. The amendments, which were developed through the IFRS Interpretations Committee, provide requirements on the accounting for:

• a. the effects of vesting and non-vesting conditions on the measurement of cash-settled sharebased payments;
• b. share-based payment transactions with a net settlement feature for withholding tax obligations; and
• c. a modification to the terms and conditions of a share-based payment that changes the classification of the transaction from cash-settled to equity-settled.

The Group will assess the impact of the amendment on its financial statements. These amendments have not yet been endorsed by the European Union.

IFRS 4 (Amendment) "Insurance Contracts"

This applies to annual accounting periods starting on or after 1st January 2018.

In September 2016 the IASB issued amendments in IFRS 4 "Insurance Contracts", addressing concerns arising from implementing the new financial instruments Standard, IFRS 9, before implementing the replacement Standard that the IASB is developing for IFRS 4. These concerns include temporary volatility in reported results.

The amendments introduce two approaches: an overlay approach and a deferral approach. The amended Standard will:

• give all companies that issue insurance contracts the option to recognise in other comprehensive income, rather than profit or loss, the volatility that could arise when IFRS 9 is applied before the new insurance contracts Standard is issued; and
• give companies whose activities are predominantly connected with insurance an optional temporary exemption from applying IFRS 9 until 2021. The entities that defer the application of IFRS 9 will continue to apply the existing financial instruments Standard—IAS 39.

The amendments to IFRS 4 supplement existing options in the Standard that can already be used to address the temporary volatility.

These amendments do not affect Group financial statements. These amendments have not yet been endorsed by the European Union.

2.1.5 EBITDA & EBIT

International Financial Reporting Standards (IFRS) do not define the content of the "EBITDA" & "EBIT". The Group taking into account the nature of its activities, as well as the Decision 6/448/11.10.2007 of the BoD of Hellenic Capital Market Commission and the relative Circular no.34 defines "EBITDA" as "Operating Profit/(Loss) before tax" adjusted for the figures "Profit/(loss) from equity method consolidations", "Exchange Differences", "Interest and related income", "Interest and similar expenses", "Income/(expenses) from participations and investments", "Write-off and impairment loss of assets", "Gain/(loss) from assets disposal" and "Assets depreciation and amortization". Also, the Group defines "EBIT" as "Operating Profit/(Loss) before tax" adjusted for the figures "Profit/(loss) from equity method consolidations", "Exchange Differences", "Interest and related income", "Interest and similar expenses", "Income/(expenses) from participations and investments" ,"Write-off and impairment loss of assets" and "Gain/(loss) from assets disposal".

INTERIM FINANCIAL REPORT for the period ended SEPTEMBER 30, 2016

Reconciliation of operating profit before tax to EBIT and EBITDA	GROUP
(continuing operations):	1/1-30/9/2016	1/1-30/9/2015
Operating profit/(loss) before tax	17.794	30.791
Profit/(loss) from equity method consolidation	2.603	2.797
Exchange differences	1.596	-1.316
Interest and related income	-7.956	-11.252
Interest and similar expenses	54.848	51.258
Income / (expenses) from participations and investments	2.050	68
Gain / (loss) from assets disposal, impairment loss & write-off of assets	1.797	-181
EBIT	72.732	72.165
Depreciation and amortization	51.212	48.873
EBITDA	123.944	121.038
Reconciliation of operating profit before tax to EBIT and EBITDA	COMPANY
(continuing operations):	1/1-30/9/2016	1/1-30/9/2015
Operating profit/(loss) before tax	-8.521	-6.661
Exchange differences	68	-595
Interest and related income	-2.073	-2.623
Interest and similar expenses	14.510	20.357
Income / (expenses) from participations and investments	-10.829	19.918
Gain / (loss) from assets disposal, impairment loss & write-off of assets	-5	-1
EBIT	-6.850	30.395
Depreciation and amortization	8.575	6.758

EBITDA 1.725 37.153

2.1.6 Significant accounting judgements, estimates and assumptions

The preparation of the consolidated financial statements requires management to make judgements, estimates and assumptions that affect the amounts of revenues, expenses, assets liabilities and disclosures of contingent liabilities that included in the financial statements. On an ongoing basis, management evaluates its judgements, estimates and assumptions that mainly refer to goodwill impairment, allowance for doubtful receivables, provision for staff retirement indemnities, provision for impairment of inventories value, impairment of tangible and intangible assets as well as estimation of their useful lives, recognition of revenue and expenses, pending legal cases, provision for income tax and recoverability of deferred tax assets. These judgements, estimates and assumptions are based on historical experience and other factors including expectations of future events that are considered reasonable under the circumstances.

The key judgements, estimates and assumptions concerning the future and other key sources of uncertainty at the reporting date of the interim condensed financial statements for the period ended on 30 September 2016 and have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year, are consistent with those applied and were valid at the reporting date of the annual financial statements of 31st December 2015.

2.1.7 Seasonality and cyclicality of operations

The Group revenue can fluctuate due to seasonality in some components of the worldwide operations. In particular, the majority of the Group sports betting revenue is generated from bets placed on European football, which has an off-season in the European summer that typically causes a corresponding periodic decrease in the Group revenue. In addition, Group revenue from lotteries can be somewhat dependent on the size of jackpots of lottery games during the relevant period. The Group revenue may also be affected by the scheduling of major football events that do not occur annually, notably the FIFA World Cup and UEFA European Championships, and by the performance of certain teams within specific tournaments, particularly where the national football teams, in the markets where the Group earns the

majority of its revenue, fail to qualify for the World Cup. Furthermore, the cancellation or curtailment of significant sporting events, for example due to adverse weather, traffic or transport disruption or civil disturbances, may also affect Group revenue. This information is provided to allow for a better understanding of the revenue, however, Group management has concluded that this is not "highly seasonal" in accordance with IAS34.

2.2 INFORMATION PER SEGMENT

Intralot Group manages in 55 countries and states an expanded portfolio of contracts and gaming licenses. The grouping of the Group companies is based on the geographical location in which they are established. The financial results of the Group are presented in the following operating geographic segments based on the geographic location of the Group companies:

European Union: Greece, Italy, Malta, Cyprus, Poland, Luxembourg, Spain, United Kingdom, Nederland, Romania, Bulgaria, Germany, Slovakia, Croatia and Republic of Ireland. Other Europe: Russia, Moldova and Guernsey. America: USA, Peru, Brazil, Argentina, Mexico, Jamaica, Chile, Colombia, Guatemala, Dominican Republic, Suriname, Uruguay, Curacao and St. Lucia. Other Countries: Australia, New Zealand, China, South Africa, Turkey, South Korea, Lebanon, Azerbaijan,

Taiwan and Morocco. No two operating segments have been added.

The following information is based on the internal financial reports provided to the manager responsible for taking decisions who is the CEO. The performance of the segments is evaluated based on the sales and profit/(loss) before tax. The Group applies the same accounting policies for the financial results of the above segments as those of the consolidated financial statements. The transactions between segments are realized within the natural conditions present in the Group with similar way to that with third parties. The intragroup transactions are eliminated in group level and are included in the column "Eliminations".

(in million €)	European Union	Other Europe	America	Other Countries	Eliminations	Total
Sales to third parties	376,17	3,79	403,32	174,21	0,00	957,49
Intragroup sales	46,46	0,00	0,66	0,02	-47,14	0,00
Total Sales	422,63	3,79	403,98	174,23	-47,14	957,49
(Debit)/Credit interest & similar (expenses)/income	-49,57	-0,13	-3,15	2,91	3,05	-46,89
Depreciation/Amortization	-26,47	-1,86	-18,07	-7,79	2,98	-51,21
Profit/(loss) consolidated with equity method	-0,30	0,00	0,00	-2,30	0,00	-2,60
Write-off & impairment of assets	-0,21	0,00	0,00	-0,08	0,00	-0,29
Write-off & impairment of investments	-40,29	0,00	-0,01	0,00	40,30	0,00
Doubtful provisions, write-off & impairment of receivables	-19,35	0,00	-1,34	-0,32	20,06	-0,95
Reversal of doubtful provisions & recovery of written off receivables	14,37	0,00	1,60	0,00	-15,67	0,30
Profit/(Loss) before tax and continuing operations	-52,68	-0,90	25,44	44,71	1,22	17,79
Tax	-1,99	-0,93	-5,82	-12,97	0,00	-21,71
Profit/(Loss) after tax from continuing operations	-54,67	-1,83	19,62	31,74	1,22	-3,92
Profit/(Loss) after tax from discontinued operations	-4,15	0,00	2,67	0,00	37,81	36,33
Profit/(Loss) after tax from total operations	-58,82	-1,83	22,29	31,74	39,03	32,41

1/1-30/9/2016

INTERIM FINANCIAL REPORT for the period ended SEPTEMBER 30, 2016

1/1-30/9/2015

(in million €)	European Union	Other Europe	America	Other Countries	Eliminations	Total
Sales to third parties	269,17	3,70	413,23	208,86	0,00	894,96
Intragroup sales	40,16	0,00	0,36	0,02	-40,54	0,00
Total Sales	309,33	3,70	413,59	208,88	-40,54	894,96
(Debit)/Credit interest & similar (expenses)/income	-44,03	-0,18	-2,50	7,31	-0,61	-40,01
Depreciation/Amortization	-23,76	-1,35	-19,69	-6,97	2,90	-48,87
Profit/(loss) consolidated with equity method	-0,01	0,00	0,00	-2,79	0,00	-2,80
Write-off & impairment of assets	-0,07	0,00	-0,58	0,00	0,00	-0,65
Write-off & impairment of investments	-36,21	0,00	0,00	0,00	36,21	0,00
Doubtful provisions, write-off & impairment of receivables	-4,07	0,02	-0,48	-0,32	4,06	-0,79
Reversal of doubtful provisions & recovery of written off receivables	33,75	0,00	0,00	0,00	-33,75	0,00
Profit/(Loss) before tax and continuing operations	11,88	-0,12	12,92	53,04	-46,93	30,79
Tax	-8,47	-0,09	-8,26	-16,85	0,00	-33,67
Profit/(Loss) after tax from continuing operations	3,41	-0,21	4,66	36,19	-46,93	-2,88
Profit/(Loss) after tax from discontinued operations	-17,97	0,00	2,23	0,00	2,00	-13,74
Profit/(Loss) after tax from total operations	-14,56	-0,21	6,89	36,19	-44,93	-16,62

Revenue per business activity (continuing operations)
(in thousand €)	30/9/2016	30/9/2015	Change
Licensed operations	715.023	681.033	4,99%
Management contracts	82.148	68.878	19,26%
Technology and support services	160.321	145.053	10,53%
Total	957.492	894.964	6,99%

2.3 INCOME TAX

GROUP (continuing operations)	30/9/2016	30/9/2015
Current income tax	20.431	25.099
Deferred income tax	1.390	2.974
Tax audit differences and other tax non-deductible	-109	5.602
Total income tax expense reported in income statement	21.712	33.675

The income tax expense for the Company was calculated to 29% and 29% on the taxable profit of the periods 1/1-30/9/2016 and 1/1-30/9/2015 respectively.

COMPANY	30/9/2016	30/9/2015
Current income tax	0	0
Deferred income tax	-539	1.538
Tax audit differences and other tax non-deductible	-1.050	0
Total income tax expense reported in income statement	-1.589	1.538

2.4 INCOME / (EXPENSES) FROM PARTICIPATIONS AND INVESTMENTS

(continuing operations)		GROUP COMPANY
	30/9/2016	30/9/2015	30/9/2016	30/9/2015
Income from dividends	1.025	1.819	10.909	16.294
Gain from sale of participations and investments	301	1.257	0	0
Other income from participations and investments	25	0	0	0
Total income from participations and investments	1.351	3.076	10.909	16.294
Loss from sale of participations and investments	-3.401	-3.144	-2	0
Loss from impairment / write-offs of participations and investments	0	0	-78	-36.212
Total expenses from participations and investments	-3.401	-3.144	-80	-36.212
Net result from participations and investments	-2.050	-68	10.829	-19.918

2.5 GAIN/(LOSS) FROM ASSETS DISPOSAL, IMPAIRMENT LOSS & WRITE-OFF OF ASSETS

(continuing operations)	GROUP		COMPANY
	30/9/2016	30/9/2015	30/9/2016	30/9/2015
Gain from disposal of tangible and intangible assets	136	1.167	5	1
Loss from disposal of tangible and intangible assets	-1.643	-337	0	0
Loss from impairment and write-off of tangible and intangible assets	-290	-649	0	0
Net result from tangible and intangible assets	-1.797	181	5	1

2.6 IMPAIRMENT, WRITE OFF AND PROVISIONS FOR DOUBTFUL DEBTS

Included in other operating expenses:

(continuing operations)	GROUP		COMPANY
	30/9/2016	30/9/2015	30/9/2016	30/9/2015
Provisions for doubtful receivables from subsidiaries	0	0	11.938	4.065
Provisions for doubtful receivables from debtors	793	760	272	0
Receivables write off from debtors	156	23	0	0
Receivables write off from associates	0	4	0	0
Total	949	787	12.210	4.065

2.7 INTEREST AND SIMILAR EXPENSES / INTEREST AND SIMILAR INCOME

(continuing operations)	GROUP		COMPANY
	30/9/2016	30/9/2015	30/9/2016	30/9/2015
Interest Expense	-49.768	-46.380	-14.232	-19.209
Loss on derivatives	0	0	0	0
Finance costs	-4.411	-4.848	-278	-1.148
Discounting	-669	-30	0	0
Total Interest and similar expenses	-54.848	-51.258	-14.510	-20.357
Interest Income	7.604	10.838	2.073	2.623
Gains on derivatives	0	0	0	0
Discounting	352	414	0	0
Total Interest and similar Income	7.956	11.252	2.073	2.623
Net Interest and similar Income / (Expenses)	-46.892	-40.006	-12.437	-17.734

2.8 EXCHANGE DIFFERENCES

The Group reported in the Income Statement for the nine months of 2016 losses from «Exchange differences» amounting to €1.596 thousand (nine months of 2015: profit €1.316 thousand) derived mainly from valuation of trade payables and debt obligations (intragroup and non) in EUR that various subsidiaries abroad, with a different functional currency than the Group, had on 30/9/2016 as well as from valuation of trade receivables (from third parties and associates) in USD of the Company on 30/9/2016.

2.9 TANGIBLE AND INTANGIBLE ASSETS

Acquisitions and disposals of tangible and intangible assets:

During the nine months of 2016, the Group acquired tangible (owner occupied) and intangible assets with acquisition cost €51.368 thousand (nine months 2015: €56.179 thousand). From the above acquisitions, amount of €3.853 thousand refers to discontinued operations.

Also, during the nine months of 2016, the Group sold tangible (owner occupied) and intangible assets with a net book value of €4.077 thousand (nine months 2015: €1.965 thousand), making a net loss amounting to €1.507 thousand (nine months 2015: net gain €830 thousand) which was recorded in the account "Gain/(loss) from assets disposal, impairment loss & write-off of assets".

Write-offs and impairment of tangible and intangible assets:

During the nine months of 2016, the Group proceeded to writes-offs and impairments of tangible (owner-occupied) and intangible assets with a net book value of €986 thousand (nine months 2015: €944 thousand), which were recorded in the account "profit / (loss) from assets disposal, impairment loss & write-off of assets". From the above write offs and impairments amount €696 thousand refers to discontinued operations (nine months 2015: €295 thousand).

Change in consolidation method:

During the nine months of 2016, the Group derecognized fixed (owner-occupied) and intangible assets with a net book value of €15.226 thousand due to the merger of its activities in Italy (note 2.19.A.VIII.A) and the disposal of subsidiary Intralot Suriname Ltd.

Exchange differences on valuation of tangible and intangible assets:

The net book value of tangible (owner-occupied and investment) and intangible assets of the Group decreased in the nine months of 2016 due to foreign exchange valuation differences by €6,3 million.

Goodwill and Intangible assets with indefinite useful life impairment test

Management tests goodwill for impairment annually (December 31st) or more frequently if events occur or changes in conditions indicate that the carrying value may have been reduced in accordance with accounting practice described in note 2.1.6.a «Business Combination and Goodwill" of the annual Financial Statements of December 31st 2015.

The Group tested goodwill for impairment on 31/12/2015 and the key assumptions that are used for the determination of the recoverable amount are disclosed below. The recoverable amounts of cash generating units have been determined based on value in use calculations using appropriate estimates regarding future cash flows and discount rates.

Specifically, goodwill arising on consolidation of acquired subsidiaries and intangible assets with indefinite useful life are allocated to the following cash generating units (CGU) by geographical area, which are the operating segments for impairment testing purposes:

CGU	Goodwill			Intangible assets with indefinite useful life
	30/9/2016 ¹	31/12/2015	30/9/2016	31/12/2015
European Union	22.637	5.837	2.331	2.300
Other Europe	0	0	0	0
America	19.346	21.496	2.675	2.936
Other countries	44.564	47.105	0	0
Total	86.547	74.438	5.006	5.236

Carrying amount:

¹ The net increase in goodwill during the nine months of 2016 by €12.109 thousand is caused by €16.850 thousand from the acquisition of group Eurobet Ltd and by €4.741 thousand from foreign currency translation differences losses on goodwill valuation from acquisitions of foreign subsidiaries with a different functional currency made by the Group in the past.

Key assumptions:

The recoverable amount of each CGU is determined according to the calculations of value in use. The determination is obtained by the present value of estimated future cash flows expected to be generated by each CGU (discounted cash flow method - DCF). The cash flows are derived from the most recent approved by the management budgets for the next three years and do not include estimated future cash inflows or outflows expected to arise from future restructurings or from improving or enhancing the asset's performance which is tested for impairment. The expected cash flow projections beyond the period covered by the most recent budgets is estimated by extrapolating the projections based on the budgets, using a steady or declining growth rate for subsequent years, which does not exceed the longterm average growth rate for products, industries, countries in which the Group operates, or for the market in which the asset is used. The Group makes estimates beyond the period of five years where it has signed revenue contracts beyond five years as well as in cases where management believes that based on market data and renewals track record of the Group, the renewal of the relevant contracts beyond the five year period is very possible. Cash flow projections are based on reasonable and supportable assumptions that represent management's best estimate of the range of economic conditions that will exist over the remaining useful life of the asset, giving greater weight to external evidence. Management assesses the reasonableness of the assumptions underlying the current cash flow projections by examining the causes of differences between past cash flow projections and actual cash flows. Management also ensures that the assumptions on which its current cash flow projections are based are consistent with past actual outcomes, provided that subsequent events or circumstances that did not exist when those actual cash flows were generated make this appropriate. The use value for CGUs affected (has sensitivity) of the following key factors (assumptions):

Sales

• Growth rate used to extrapolate cash flows beyond the budget period, and
• Discount rates

Sales:

Sales projections are derived from estimates of local management of various subsidiaries. These projections are based on careful assessments of various factors, such as past performance, estimates of growth of the local market, competition - if exists, possible changes in the institutional framework governing the gambling market, the economic situation of the gambling industry and the market in general, new opportunities such as lotteries privatizations, etc.

Sales growth rate:

CGU	2015	2014
European Union	-0,9% - 5,4%	0,0% - 10,3%
Other Europe	n/a	n/a
America	0,0% - 10,1%	0,0% - 8,0%
Other countries	0,0% - 8,8%	0,0% - 6,3%

Growth rate used to extrapolate cash flows beyond the budget period:

The factors taken into account for the calculation of the growth rate beyond the budgets period derive from external sources and include among others, the level of maturity of each market, the existence of barriers to entry for competitors, the economic situation of the market, existing competition and technology trends.

Growth rate beyond the budget period:

CGU	2015	2014
European Union	0,0% - 2,7%	0,0% - 3,0%
Other Europe	n/a	n/a
America	0,0% - 6,0%	0,0% - 4,0%
Other countries	0,0% - 3,6%	0,0% - 12,2%

Discount rates:

The discount rates represent the current market assessments of the risks personalized for each CGU, having made the necessary adjustments for the time value of money and possible risks specific to any assets that have not been included in the cash flow projections. The calculation of discount rates based on specific conditions under which the Group and its operating segments operate and calculated through the weighted average cost of capital method (WACC). The WACC takes into account both debt and equity. The cost of equity derives from the expected return that Group investors have for their investment. The Cost of debt is based on the interest rate of the loans that the Group must facilitate. The specific risk of each country is incorporated by implementing individualized sensitivity factors «beta» (beta factors). The sensitivity factors «beta» are evaluated annually based on published market data.

Discount rates:

CGU	2015	2014
European Union	7,0% - 7,4%	7,0% - 8,6%
Other Europe	n/a	n/a
America	23,1% - 38,3%	28,8% - 37,5%
Other countries	11,9% - 14,0%	11,0% - 13,7%

Recoverable amount sensitivity analysis:

On 31/12/15, the Group analyzed the sensitivity of the recoverable amounts in a reasonable and possible change of some of the basic assumptions (such as the change of a percentage point to the growth rate beyond the budget period and the discount rates). This analysis does not show a situation in which the carrying amount of the Group's significant CGUs exceeds their recoverable amount.

2.10 INVESTMENT IN SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES

GROUP INVESTMENT IN ASSOCIATES AND JOINT VENTURES	% Participation	Country	30/9/2016	31/12/2015
Lotrich Information Co LTD	40%	Taiwan	5.801	5.570
Goreward LTD Group	49,99%	China	24.990	29.614
Intralot South Africa LTD	45%	South Africa	361	376
Bit8 Ltd Group	35%	Malta	5.780	5.303
Gamenet Group SpA	20%	Italy	83.532	0
Total			120.464	40.863

GROUP INVESTMENT IN ASSOCIATES AND JOINT VENTURES	30/9/2016	31/12/2015
Opening Balance	40.863	32.608
Participation in net profit / (loss) of associates and joint ventures	-2.603	-4.063
New acquisitions	0	5.750
Dividends	0	-59
Translation differences	-2.108	8.224
Return of capital	0	-1.300
Transfer to investment properties	0	-265
Companies merge (note 2.19.Α.VIII.A)	83.520	0
Acquisition of additional participation share	800	0
Other	-8	-32
Closing Balance	120.464	40.863

COMPANY INVESTMENT IN ASSOCIATES AND JOINT VENTURES	% Participation	Country	30/9/2016	31/12/2015
Lotrich Information Co LTD	40%	Taiwan	5.131	5.131
Intralot South Africa LTD	45%	South Africa	1.000	1.000
Total			6.131	6.131
COMPANY INVESTMENT IN SUBSIDIARIES	% Participation	Country	30/9/2016	31/12/2015
Intralot De Peru SAC	99,98%	Peru	26.309	15.759
Intralot Holdings International LTD	100%	Cyprus	8.464	8.464
Betting Company S.A.	95%	Greece	139	139
Inteltek Internet AS	20%	Turkey	66.081	67.326
Bilyoner Interactif Hizmelter AS	50,01%	Turkey	10.751	10.751
Intralot Global Securities BV	100,00%	Nederland	57.028	57.028
Loteria Moldovei SA	47,90%	Moldova	656	656
Intralot Iberia Holdings SA	100%	Spain	5.638	5.638
Other			325	402
Total			175.391	166.163
Grand Total			181.522	172.294
COMPANY INVESTMENT IN SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES			30/9/2016	31/12/2015
Opening Balance			172.294	209.661
Increase of share capital in existing subsidiaries			0	105
Establishment of new subsidiaries	0	40
Subsidiaries provisions for impairment			-78	-36.212
Return of capital from associates			0	-1.300
Return of capital from subsidiaries			-1.245	0
Receivables capitalization			10.551	0
Closing Balance			181.522	172.294

2.11 OTHER FINANCIAL ASSETS

Other financial assets which in total have been classified by the Group as "Available for sale" and "Held to maturity" are analyzed as follows:

	GROUP		COMPANY
	30/9/2016	31/12/2015	30/9/2016	31/12/2015
Opening Balance	26.085	37.256	3.243	3.254
Purchases	1.953	1.650	0	0
Addition due to acquisition	90	0	0	0
Return of Capital	-3.299	-10.727	0	0
Disposals	-330	-311	0	0
Fair value revaluation	-364	-1.746	26	-11
Foreign exchange differences	-13	-37	0	0
Closing balance	24.122	26.085	3.269	3.243
Quoted securities	2.090	1.812	22	24
Unquoted securities	22.032	24.273	3.247	3.219
Total	24.122	26.085	3.269	3.243
Long-term Financial Assets	24.094	26.085	3.241	3.243
Short-term Financial Assets1	28	0	28	0
Total	24.122	26.085	3.269	3.243

¹ Concern derivative financial assets for currency risk hedging

During the nine months of 2016, the Group losses arising from the valuation at fair value of the above financial assets amounting €364 thousand (nine months 2015: losses €1.986 thousand) are analyzed in losses amounting €388 thousand (nine months 2015: losses €1.990 thousand) reported in a separate equity reserve and in profits amounting €24 thousand (nine months 2015: profits of €4 thousand) reported in the income statement. Respectively for the Company, profits amounting €26 thousand (nine months 2015: losses of €7 thousand) are analyzed in gains amounting €26 thousand (nine months of 2015: losses €7 thousand) reported in a separate equity reserve.

For investments that are actively traded in organized financial markets, the fair value is determined by reference to the closing price at the reporting date. For investments where there is no corresponding market price, fair value is determined by reference to the current market value of another instrument that is substantially the same or estimated based on expected cash flows of the net assets underlying the investment or acquisition value.

2.12 INVENTORIES

	GROUP		COMPANY
	30/9/2016	31/12/2015	30/9/2016	31/12/2015
Merchandise – Equipment	39.765	37.847	26.677	25.817
Other	2.796	8.080	0	0
Total	42.561	45.927	26.677	25.817
Provisions for impairment	-3.861	-3.336	-1.753	-1.753
Total	38.700	42.591	24.924	24.064

For the nine months of 2016, the amount transferred to profit and loss from disposals/usage of inventories is €7.352 thousand (nine months 2015: €5.391 thousand) for the Group while the respective amount for the Company is €7.993 thousand (nine months 2015: €7.854 thousand) and is included in "Cost of Sales".

INTERIM FINANCIAL REPORT for the period ended SEPTEMBER 30, 2016

Reconciliation of changes in		GROUP	COMPANY
inventories provision for impairment	30/9/2016	31/12/2015	30/9/2016	31/12/2015
Opening balance for the period	3.336	3.353	1.753	1.753
Period provisions 1	500	0	0	0
Reversed provisions	0	-2	0	0
Foreign exchange differences	25	-15	0	0
Closing balance for the period	3.861	3.336	1.753	1.753

¹Included in «Cost of sales»

There are no liens on reserves.

2.13 CASH AND CASH EQUIVALENTS

Bank current accounts are either non-interest bearing or interest bearing and yield income at the daily bank interest rates. The short term deposits are made for periods from one day to three months depending on the Group's cash requirements and yield income at the applicable prevailing interest rates.

For the purposes of the Statement of Cash Flows, cash and cash equivalents consist of:

		GROUP	COMPANY
	30/9/2016	31/12/2015	30/9/2016	31/12/2015
Cash and bank current accounts	391.441	270.240	18.393	35.859
Short term time deposits	1.349	6.369	0	0
Total	392.790	276.609	18.393	35.859

The time deposits denominated in foreign currency relate mainly to currency exchange contracts (which have the nature of a time deposit and not of a derivative financial asset).

2.14 SHARE CAPITAL, TREASURY SHARES AND RESERVES

Share Capital

Total number of authorized shares	30/9/2016	31/12/2015
Ordinary shares of nominal value €0,30 each	158.961.721	158.961.721
Issued and fully paid shares	Number of ordinary shares	€'000
Balance 1 January 2015	158.961.721	47.689
Issue of new shares	0	0
Balance 31 December 2015	158.961.721	47.689
Issue of new shares	0	0
Balance 30 September 2016	158.961.721	47.689

Treasury Shares

The Company, according to article 16, C.L. 2190/1920, article 4.1.4.2 of the regulation of ATHEX and based on the resolution of the Shareholder's Annual General Meeting which took place on the 11/06/2014, as amended by the resolution of the Shareholder's Annual General Meeting of 19/05/2015, has approved a buy-back program from the Company, of up to 10% of the paid share capital, for the time period of 24 months with effect from 11/06/2014 and until 11/06/2016, with a minimum price of €1,00 and maximum price of €12,00. It has also approved that the own shares which will eventually be acquired may be held for future acquisition of shares of another company.

During the nine months of 2016, the Company purchased 491.129 own shares (0,31% of the company's share capital) at an average price of €1,01 per share, totalling €495 thousand.

Until 30/9/2016 the Company has purchased 961.875 own shares (0,61% of the company's share capital) with average price €1,02 per share and a total price of €985 thousand.

During the fourth quarter of 2016 and until the date of approval of the financial statements of 30/09/2016, the Company purchased 516.944 own shares (0,33% of the Company's share capital) at

an average price of €1,20 per share, totaling €618 thousand bringing total repurchases to 1.478.819 own shares (0,93% of the Company's share capital) at an average price of €1,08 per share, totaling €1.603 thousand.

	GROUP Number of ordinary shares	€ '000	COMPANY Number of ordinary shares	€ '000
Balance 1 January 2015	470.746	490	470.746	490
Repurchase of treasury shares	0	0	0	0
Balance 31 December 2015	470.746	490	470.746	490
Repurchase of treasury shares	491.129	495	491.129	495
Balance 30 September 2016	961.875	985	961.875	985

Reserves

Foreign exchange differences reserve

This reserve is used to report the exchange differences arising from the translation of foreign subsidiaries' financial statements. The balance of this reserve in the Group (excluding the discontinued operations with cumulative balance €-2,6 million) on 30/9/2016 was €-63,0 million (31/12/2015: €- 59,4 million). The Group had a total net loss which was reported in the statement of comprehensive income from the change in the fair value reserve during the nine months of 2016 amounting to €10,7 million (nine months 2015: loss of €10,3 million), out of which loss of €6,3 million is attributable to the owners of the parent and a loss of €4,4 million to non-controlling interest. The above total net loss for 2016 comes mainly from the fluctuation of the JMD, TRY, ARS, USD and CNY against the EUR. The main exchange rates of abroad subsidiaries financial statements conversion were:

Statement of Financial Position:

	30/9/2016	31/12/2015	Change
EUR / USD	1,12	1,09	2,7%
EUR / JMD	142,96	130,28	9,7%
EUR / TRY	3,36	3,18	5,7%
EUR / PEN	3,80	3,70	2,7%
EUR / AZN	1,82	1,69	7,7%
EUR / ARS	17,24	14,05	22,7%
EUR / PLN	4,32	4,26	1,4%
EUR / BRL	3,62	4,31	-16,0%

Income Statement:

	Avg. 1/1- 30/9/2016	Avg. 1/1- 30/9/2015	Change
EUR / USD	1,12	1,11	0,9%
EUR / JMD	137,84	128,77	7,0%
EUR / TRY	3,28	2,97	10,4%
EUR / PEN	3,75	3,49	7,5%
EUR / AZN	1,74	1,11	56,8%
EUR / ARS	16,22	10,00	62,2%
EUR / PLN	4,36	4,16	4,8%
EUR / BRL	3,96	3,53	12,2%

INTERIM FINANCIAL REPORT for the period ended SEPTEMBER 30, 2016

Other Reserves

	GROUP		COMPANY
	30/9/2016	31/12/2015	30/9/2016	31/12/2015
Statutory reserve	28.509	30.562	15.896	15.896
Extraordinary reserves	1.687	1.649	1.456	1.456
Tax free and specially taxed reserves	31.247	31.358	28.601	28.601
Actuarial differences reserve	-8	-424	-51	-51
Hedging reserve	28	0	28	0
Revaluation reserve	-1.361	-934	-177	-175
Total	60.102	62.211	45.753	45.727
Minus: Assets held for sale reserves	0	0	0	0
Continuing operations	60.102	62.211	45.753	45.727

2.15 DIVIDENDS

	GROUP		COMPANY
Declared dividends of ordinary shares:	30/9/2016	31/12/2015	30/9/2016	31/12/2015
Final dividend of period 2012-2013	689	19.685	0	0
Interim dividend of 2014	0	0	0	0
Final dividend of 2014	32	27.735	0	0
Interim dividend of 2015	0	21.495	0	0
Final dividend of 2015	25.244	0	0	0
Interim dividend of 2016	12.937	0	0	0
Dividend per statement of changes in equity	38.902	68.915	0	0

Paid Dividends on ordinary shares:

During the nine months of 2016 dividends paid on ordinary shares, aggregated €37.498 thousand (nine months 2015: €55.941 thousand).

2.16 LONG TERM DEBT

					GROUP		COMPANY
		Currency	Interest rate	30/9/2016	31/12/2015	30/9/2016	31/12/2015
	Facility A (€250 mil)	EUR	6,00%	249.453	244.878	0	0
	Facility B (€250 mil)	EUR	6,75%	242.812	0	0	0
	Facility C (€325 mil)	EUR	9,75%	218.022	326.579	0	0
Facility D	(€200 mil)	EUR	1M Euribor + 5,50%	199.343	198.624	0	0
Facility E (€25 mil)		EUR	4,80%	4.105	6.762	0	0
	Intercompany Loans			0	0	270.755	282.031
Other				10.261	16.349	0	0
Total Loans				923.996	793.192	270.755	282.031
	Less: Payable during the next year			-218.486	-29.365	-32.072	-1.358
	Repurchase Facility Α			0	-19.296	0	0
	Repurchase Facility C			0	-28.437	0	0
Long Term Loans				705.510	716.094	238.683	280.673

Facility Α: On May 2014, Intralot Capital Luxembourg issued Senior Notes with a nominal value of €250 million, due May 15th 2021 guaranteed by the parent company and subsidiaries of the Group. The Notes were offered at an issue price of 99,294%. Interest is payable semi-annually at an annual fixed nominal coupon of 6%. The Notes are trading on the Luxembourg Stock Exchanges Euro MTF Market. The Notes bear the Group financial covenants with respect to Net Debt to EBITDA (Leverage ratio), and financial expenses coverage ratio (Fixed Charge Coverage ratio). The Group was in compliance with the covenants under Notes as at 30/9/2016. Until 31/12/2015, the Group bought back bonds with nominal value €19,7 million. During the nine months of 2016 the Group has resold

bonds with nominal value €19,7 million bringing the total outstanding nominal amount to €250,0 million.

Facility B: On September 2016, Intralot Capital Luxembourg, issued Senior Notes with a nominal value of €250 million, due September 15th 2021, guaranteed by the parent company and subsidiaries of the Group. The Notes were offered at an issue price of 100,000%. Interest is payable semiannually at an annual fixed nominal coupon of 6,75%. The Notes are trading on the Luxembourg Stock Exchanges Euro MTF Market. The bond proceeds were used for the partial repayment of Facility C. The Notes bear the Group financial covenants with respect to Net Debt to EBITDA (Leverage ratio), and financial expenses coverage ratio (Fixed Charge Coverage ratio).The Group was in compliance with the covenants under Notes as at 30/9/2016.

Facility C: On August 2013, Intralot Finance Luxembourg SA, issued Senior Notes with a nominal value of €325 million, due August 15th 2018, guaranteed by the parent company and subsidiaries of the Group. The Notes were offered at an issue price of 99,027%. Interest is payable semi-annually at an annual fixed nominal coupon of 9,75%. The Notes are trading on the Luxembourg Stock Exchanges Euro MTF Market. The Notes bear the Group financial covenants with respect to Net Debt to EBITDA (Leverage ratio), and financial expenses coverage ratio (Fixed Charge Coverage ratio). The Group was in compliance with the covenants under Notes as at 30/9/2016. Until 31/12/2015, the Group bought back bonds with a nominal value €28,3 million. During the nine months of 2016 the Group has bought back bonds with nominal value €20,0 million bringing the total amount of repurchases to €48,3 million and the total outstanding nominal amount to €276,7 million. On September 12, 2016 the Group cancelled the total repurchased bonds with nominal value €48,3 million, while on September 14, 2016 announced its intention to repurchase in cash at a repurchase price of €1.051,55 per €1,000 nominal amount of the outstanding bonds with nominal value €276,6 million. On September 21, 2016 the Group announced the expiration of the tender offer and the total nominal amount offered and bought back in cash on September 23, 2016 amounted to €56,2 million. Finally, on October 14, 2016 the Group bought back in cash the remaining outstanding bonds with nominal value €220,5 million with a repurchasing price €1.048,75 per €1,000 nominal amount, fully settling Facility C.

Facility D: On June 2014, Intralot Finance UK LTD signed a syndicated loan guaranteed by the parent and subsidiaries of the Group amounting €200 million. The loan will have three year duration (extendable for a further year) and the current limit is set at €200 million, of which €120 million in the form of revolving facility and €80 million as term loan. The outstanding loan balance on 30/6/2016 was €200 million, and bears a floating rate (Euribor) plus a margin of 5,50%.

Amounts under the revolving credit facility may be borrowed, repaid and re-borrowed by the Group from time to time until maturity. Voluntary prepayments and commitment reductions under the Credit Agreement are permitted at any time in whole or in part, without premium or penalty (other than break-funding costs). The financial terms of the loan, include minimum ratio requirements of total net debt to EBITDA (Leverage Ratio) and the Interest Coverage ratio. We acknowledge that the Group on 30/9/2016 covers the economic clauses of the syndicated loan. On 30/9/2016 the syndicated loan was classified as short term since it expires in May 2017. The Group is in the process of refinancing the syndicated loan that will take place within December 2016. More specifically, Intralot Finance UK Ltd received commitments from a number of Local and Foreign

33

Banks totaling €225 million for a 3year Syndicated Loan Facility. The aforementioned Syndicated Loan is expected to be signed by December 9th, 2016 whereas the actual disbursement will take place before the end of 2016.

Facility E: On July 2012, Maltco Lotteries LTD signed a long term loan amounting to €25 million. The financing bears floating interest with a total average rate equal to 4,80%, is paid in monthly instalments and matures in October 2017. The loan is guaranteed by the parent company.

The Company, the subsidiaries of the Group or other related parties, or agents on its or their behalf, may from time to time purchase and/or re-sell bonds of the Group (Facility A & B) in one or more series of open-market transactions from time to time. The Group does not intend to disclose the extent of any such purchase or re-sale otherwise than in accordance with any legal or regulatory obligation the Group may have to do so.

2.17 SHARED BASED BENEFITS

The Group had no active option plan during the nine months of 2016.

2.18 FINANCIAL ASSETS AND LIABILITIES

The financial assets and liabilities of the Group, excluding cash and cash equivalents are analyzed as follows:

30/9/2016
Financial assets:	Loans and receivables	Available for sale financial assets	Financial assets held to maturity	Total
Trade receivables	92.235	0	0	92.235
Receivables from related parties	29.466	0	0	29.466
Prepaid expenses and other receivable	119.607	0	0	119.607
Bad debtors provisions	-17.480	0	0	-17.480
Other quoted financial assets	0	2.090	0	2.090
Other unquoted financial assets	0	22.004	28	22.032
Total	223.828	24.094	28	247.950
Long term Short term	60.690 163.138	24.094 0	0 28	84.784 163.166
Total	223.828	24.094	28	247.950

31/12/2015
Financial assets:	Loans and receivables	Available for sale financial assets	Financial assets held to maturity	Total
Trade receivables	124.275	0	0	124.275
Receivables from related parties	32.570	0	0	32.570
Prepaid expenses and other receivable	136.481	0	0	136.481
Bad debtors provisions	-20.369	0	0	-20.369
Other quoted financial assets	0	1.812	0	1.812
Other unquoted financial assets	0	24.273	0	24.273
Total	272.957	26.085	0	299.042
Long term Short term	70.225 202.732	26.085 0	0 0	96.310 202.732
Total	272.957	26.085	0	299.042

INTERIM FINANCIAL REPORT for the period ended SEPTEMBER 30, 2016

30/9/2016
Financial liabilities	Financial liabilities measured at amortized cost	Financial liabilities at fair value through profit and loss	Financial liabilities at fair value through other comprehensive income	Total
Trade Payables	43.954	0	0	43.954
Payables to related parties	32.603	0	0	32.603
Other liabilities	60.833	0	0	60.833
Derivatives	0	0	0	0
Borrowing and finance lease	926.596	0	0	926.596
Total	1.063.986	0	0	1.063.986
Long term Short term	722.845 341.141	0 0	0 0	722.845 341.141
Total	1.063.986	0	0	1.063.986

31/12/2015

Financial liabilities	Financial liabilities measured at amortized cost	Financial liabilities at fair value through profit and loss	Financial liabilities at fair value through other comprehensive income	Total
Trade Payables	52.706	0	0	52.706
Payables to related parties	21.603	0	0	21.603
Other liabilities	80.084	0	0	80.084
Derivatives	0	0	0	0
Borrowing and finance lease	754.240	0	0	754.240
Total	908.633	0	0	908.633
Long term	737.173	0	0	737.173
Short term	171.460	0	0	171.460
Total	908.633	0	0	908.633

Below is the analysis of the financial assets and liabilities of the Company excluding cash and cash equivalents:

30/9/2016
Financial assets:	Loans and receivables	Available for sale financial assets	Financial assets held to maturity	Total
Trade receivables	46.097	0	0	46.097
Receivables from related parties	87.865	0	0	87.865
Prepaid expenses and other receivable	23.180	0	0	23.180
Bad debtors provisions	-42.381	0	0	-42.381
Other quoted financial assets	0	22	0	22
Other unquoted financial assets	0	3.219	28	3.247
Total	114.761	3.241	28	118.030
Long term Short term	144 114.617	3.241 0	0 28	3.385 114.645
Total	114.761	3.241	28	118.030

INTERIM FINANCIAL REPORT for the period ended SEPTEMBER 30, 2016

31/12/2015

Financial assets:	Loans and receivables	Available for sale financial assets	Financial assets held to maturity	Total
Trade receivables	52.440	0	0	52.440
Receivables from related parties	102.188	0	0	102.188
Prepaid expenses and other receivable	19.275	0	0	19.275
Bad debtors provisions	-46.611	0	0	-46.611
Other quoted financial assets	0	24	0	24
Other unquoted financial assets	0	3.219	0	3.219
Total	127.292	3.243	0	130.535
Long term	200	3.243	0	3.443
Short term	127.092	0	0	127.092
Total	127.292	3.243	0	130.535

30/9/2016

Financial liabilities	Financial liabilities measured at amortized cost	Financial liabilities at fair value through profit and loss	Financial liabilities at fair value through other comprehensive income	Total
Trade Payables	9.084	0	0	9.084
Payables to related parties	45.201	0	0	45.201
Other liabilities	8.046	0	0	8.046
Derivatives	0	0	0	0
Borrowing and finance lease	270.755	0	0	270.755
Total	333.086	0	0	333.086
Long term	238.683	0	0	238.683
Short term	94.403	0	0	94.403
Total	343.086	0	0	343.086

31/12/2015

Financial liabilities	Financial liabilities measured at amortized cost	Financial liabilities at fair value through profit and loss	Financial liabilities at fair value through other comprehensive income	Total
Trade Payables	10.339	0	0	10.339
Payables to related parties	45.248	0	0	45.248
Other liabilities	6.613	0	0	6.613
Derivatives	0	0	0	0
Borrowing and finance lease	282.031	0	0	282.031
Total	344.231	0	0	344.231
Long term	280.673	0	0	280.673
Short term	63.558	0	0	63.558
Total	344.231	0	0	344.231

Estimated fair value

Below is a comparison by category of carrying amounts and fair values of financial assets and liabilities of the Group and the Company as at 30 September 2016 and 31 December 2015:

INTERIM FINANCIAL REPORT for the period ended SEPTEMBER 30, 2016

	GROUP
		Carrying Amount	Fair Value
Financial Assets	30/9/2016	31/12/2015	30/9/2016	31/12/2015
Other long-term financial assets - classified as "available for sale"	24.094	26.085	24.094	26.085
Other long-term receivables	60.690	70.225	60.690	70.225
Trade and other short-term receivables	163.138	202.732	163.138	202.732
Derivative financial assets short-term	28	0	28	0
Cash and cash equivalents	392.790	276.609	392.790	276.609
Total	640.740	575.651	640.740	575.651
Financial Liabilities
Long-term loans	705.510	716.094	728.217	708.265
Other long-term liabilities	16.581	19.113	16.581	19.113
Liabilities from finance leases	754	1.966	754	1.966
Trade and other short term payables	120.810	135.280	120.810	135.280
Short-term loans and finance lease	220.331	36.180	220.468	36.412
Total	1.063.986	908.633	1.086.830	901.036

	COMPANY
		Carrying Amount	Fair Value
Financial Assets	30/9/2016	31/12/2015	30/9/2016	31/12/2015
Other long-term financial assets - classified as "available for sale"	3.241	3.243	3.241	3.243
Other long-term receivables	144	200	144	200
Trade and other short-term receivables	114.617	127.092	114.617	127.092
Derivative financial assets short-term	28	0	28	0
Cash and cash equivalents	18.393	35.859	18.393	35.859
Total	136.423	166.394	136.423	166.394
Financial Liabilities
Long-term loans	238.683	280.673	238.683	280.673
Trade and other short term payables	62.331	62.200	62.331	62.200
Short-term loans and finance lease	32.072	1.358	32.072	1.358
Total	333.086	344.231	333.086	344.231

The management estimated that the carrying value of cash and cash equivalents, trade and other receivables, trade and other payables approximates their fair value, primarily because of their short term maturities.

Fair value hierarchy

The Group classifies fair value measurements using a fair value hierarchy that reflects the significance of the inputs used in making these measurements. The levels of the fair value hierarchy are as follows:

Level 1: official quoted prices (unadjusted) in markets with significant volume of transactions for similar assets or liabilities

Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices)

Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs).

The Group and the Company held on 30/9/2016 the following assets and liabilities measured at fair value:

	Fair Value		Fair value hierarchy
GROUP	30/9/2016	Level 1	Level 2	Level 3
Financial assets measured at fair value
Other financial assets classified as "Available for sale"	24.094	2.090	0	22.004
- Quoted shares	2.090	2.090	0	0
- Unquoted shares	22.004	0	0	22.004
Derivative financial instruments	28	0	28	0
Financial liabilities measured at fair value
Derivative financial instruments	0	0	0	0
	Fair Value		Fair value hierarchy
COMPANY	30/9/2016	Level 1	Level 2	Level 3
Financial assets measured at fair value
Other financial assets classified as	3.241	22	0	3.219
"Available for sale" - Quoted shares	22	22	0	0
- Unquoted shares	3.219	0	0	3.219
Derivative financial instruments	28	0	28	0
Financial liabilities measured at fair value

During 2016 there were no transfers between Level 1 and Level 2 of the fair value hierarchy, no transfers to and from Level 3.

The Group and the Company held on 31/12/2015 the following assets and liabilities measured at fair value:

	Fair Value		Fair value hierarchy
GROUP	31/12/2015	Level 1	Level 2	Level 3
Financial assets measured at fair value
Other financial assets classified as "Available for sale"	26.085	1.812	0	24.273
- Quoted shares	1.812	1.812	0	0
- Unquoted shares	24.273	0	0	24.273
Derivative financial instruments	0	0	0	0
Financial liabilities measured at fair value
Derivative financial instruments	0	0	0	0
	Fair Value		Fair value hierarchy
COMPANY	31/12/2015	Level 1	Level 2	Level 3
Financial assets measured at fair value
Other financial assets classified as "Available for sale"	3.243	24	0	3.219
- Quoted shares	24	24	0	0
- Unquoted shares	3.219	0	0	3.219
Derivative financial instruments	0	0	0	0
Financial liabilities measured at fair value

During 2015 there were no transfers between Level 1 and 2 in the hierarchy of fair value or transfer in and out of Level 3.

Reconciliation for recurring fair value measurements classified in the 3rd level of the fair value hierarchy:

Unquoted shares	GROUP	COMPANY
Balance 1/1/2015	33.367	3.219
Return of capital	-10.726	0
Period purchases	1.650	0
Foreign exchange differences	-18	0
Balance 31/12/2015	24.273	3.219
Period purchases	950	0
Additions due to acquisition	90	0
Return of capital	-3.299	0
Foreign exchange differences	-10	0
Balance 30/9/2016	22.004	3.219

Valuation methods and assumptions

The fair value of the financial assets and liabilities is the amount at which the asset could be sold or the liability transferred in a current transaction between market participants, other than in a forced or liquidation sale.

The following methods and assumptions are used to estimate the fair values:

• Fair value of the quoted shares (classified as "Available for sale") derives from quoted market closing prices in active markets at the reporting date.
• Fair value of the unquoted shares (classified as "Available for sale") is estimated by reference to the current market value of another item substantially similar or using a DCF model. The valuation through the DCF model requires management to make certain assumptions about the model inputs, including forecast cash flows, the discount rate, credit risk and volatility. The probabilities of the various estimates within the range can be reasonably assessed and are used in management's estimate of fair value for these unquoted equity investments.
• Fair value of the quoted bonds is based on price quotations at the reporting date. The fair value of unquoted instruments, loans from banks and other financial liabilities, obligations under finance leases, as well as other non-current financial liabilities is estimated by discounting future cash flows using rates currently available for debt on similar terms, credit risk and remaining maturities.
• The Group uses derivative financial instruments such as forward currency contracts, interest rate swaps, currency swaps and other derivatives in order to hedge risks related to interest rates and foreign currency fluctuations. Such derivative financial instruments are measured at fair value at each reporting date. The fair value of these derivatives is measured mainly by reference of the market value and is verified by the financial institutions.

Description of significant unobservable inputs to valuation:

The fair value of unquoted shares (classified as "Available for sale") except that it is sensitive to a reasonably possible change in forecasted cash flows and the discount rate, is also sensitive to a reasonably possible change in growth rates. The valuation requires management to use unobservable inputs in the model, of which the most significant are disclosed in the tables below. The management regularly assesses a range of reasonably possible alternatives for those significant unobservable inputs and determines their impact on the total fair value.

Valuation method	Significant unobservable inputs	Range (Weighted Average) 31/12/2015	31/12/2014
	Sales growth rate	6.0% - 6.0% (6.0%)	1.0% - 64.6% (28.3%)
DCF	Growth rate beyond budgets period	0.0% - 6.0% (5.7%)	1.0% - 1.6% (1.6%)
	Discount rates (WACC)	7.9% - 19.5% (19.0%)	7.9% - 14.8% (14.6%)

Unquoted shares (classified as "Available for sale")

Sensitivity analysis of recoverable amounts:

On 31/12/2015, the Group analyzed the sensitivity of recoverable amounts in a reasonable and possible change in any of the above significant unobservable inputs (i.e. the change of one percentage point in the growth rate beyond the budgets period and discount rates). This analysis did not indicate a situation in which the carrying value of the Group's significant investments in unquoted shares exceeds their recoverable amount.

2.19 SUPPLEMENTARY INFORMATION

A. BUSINESS COMBINATION AND METHOD OF CONSOLIDATON

The companies included in the consolidation, with the relevant addresses and the relevant participation percentages are the following:

			% Direct	% Indirect	% Total
	I. Full consolidation:	Domicile	Part'n	Part'n	Part'n
	INTRALOT SA	Maroussi, Greece	Parent	Parent	-
3.	BETTING COMPANY S.A.	Maroussi, Greece	95%	5%	100%
24.	BETTING CYPRUS LTD	Nicosia, Cyprus		100%	100%
	INTRALOT AUSTRALIA PTY LTD	Melbourne, Australia	100%		100%
28.	INTRALOT GAMING SERVICES PTY	Melbourne, Australia		100%	100%
	INTRALOT IBERIA HOLDINGS SA	Madrid, Spain	100%		100%
29.	INTRALOT JAMAICA LTD	Kingston, Jamaica		100%	100%
29.	INTRALOT TURKEY A.S.	Istanbul, Turkey	50%	49,99%	99,99%
29.	INTRALOT DE MEXICO LTD	Mexico City, Mexico		99,8%	99,8%
29.	INTRALOT CHILE SPA	Santiago, Chile		100%	100%
29.	INTELTEK INTERNET AS	Istanbul, Turkey	20%	25%	45%
30.	AZERINTELTEK AS	Baku, Azerbaijan		22,95%	22,95%
2,4.	INTRALOT DE PERU SAC	Lima, Peru	95,18%	4,82%	100%
	POLDIN LTD	Warsaw, Poland	100%		100%
	ATROPOS S.A.	Maroussi, Greece	100%		100%
	INTRALOT SERVICES S.A.	Paiania, Greece	100%		100%
	INTRALOT ADRIATIC DOO	Zagreb, Croatia	100%		100%
	BILYONER INTERAKTIF HIZMELTER AS
	GROUP	Istanbul, Turkey	50,01%		50,01%
	INTRALOT MAROC S.A.	Casablanca, Morocco	99,83%		99,83%
2.	GAMING SOLUTIONS INTERNATIONAL	Bogota, Colombia	99%	1%	100%
2.	LTDA INTRALOT INTERACTIVE S.A.	Maroussi, Greece	65,24%	30,70%	95,94%
	INTRALOT GLOBAL SECURITIES B.V.	Amsterdam, Netherlands	100%		100%
		Luxembourg,
1.	INTRALOT FINANCE LUXEMBOURG S.A.	Luxembourg		100%	100%
		Luxembourg,
1.	INTRALOT CAPITAL LUXEMBOURG S.A.	Luxembourg		100%	100%
1,2,3,4.	INTRALOT GLOBAL HOLDINGS B.V.	Amsterdam, Netherland		100%	100%
5.	INTRALOT INC	Atlanta, USA		100%	100%
12.	DC09 LLC	Wilmington, USA		49%	49%
		Hertfordshire, United
5.	ILOT CAPITAL UK LTD	Kingdom	0,02%	99,98%	100%
		Hertfordshire, United
5.	ILOT INVESTMENT UK LTD	Kingdom	0,02%	99,98%	100%
5.	INTRALOT NEDERLAND B.V.	Amsterdam, Netherlands		100%	100%
5.	LOTROM S.A.	Bucharest, Romania		60%	60%
5.	INTRALOT BEIJING Co LTD	Beijing, China		100%	100%
5.	TECNO ACCION S.A.	Buenos Aires, Argentina		50,01%	50,01%
5.	TECNO ACCION SALTA S.A.	Buenos Aires, Argentina		50,01%	50,01%
5.	ΜALTCO LOTTERIES LTD	Valetta, Malta		73%	73%
5.	INTRALOT NEW ZEALAND LTD	Wellington, New Zealand		100%	100%
5.	INTRALOT DO BRAZIL LTDA	Sao Paulo, Brazil		80%	80%
14.	OLTP LTDA	Rio de Janeiro, Brazil		80%	80%
5.	INTRALOT ARGENTINA S.A.	Buenos Aires, Argentina		100%	100%
5.	INTRALOT GERMANY GMBH	Munich, Germany		100%	100%
5.	INTRALOT HOLDING & SERVICES S.p.A. 1	Rome, Italy		100%	100%
5,7.	INTRALOT GAMING MACHINES S.p.A. 1	Rome, Italy		100%	100%
7.	INTRALOT ITALIA S.p.A 1	Rome, Italy		100%	100%
13.	VENETA SERVIZI S.R.L. 1	Mogliano Veneto, Italy		100%	100%
5.	INTRALOT SOUTH KOREA S.A.	Seoul, S. Korea		100%	100%
5.	INTRALOT FINANCE UK LTD	London, United Kingdom		100%	100%

INTERIM FINANCIAL REPORT for the period ended SEPTEMBER 30, 2016

	I. Full consolidation:	Domicile	% Direct	% Indirect	% Total
			Part'n	Part'n	Part'n
5.	INTRALOT ASIA PACIFIC LTD	Hong Kong, China		100%	100%
5.	WHITE EAGLE INVESTMENTS LTD	Hertfordshire, United Kingdom		100%	100%
5.	BETA RIAL Sp.Zoo	Warsaw, Poland		100%	100%
5.	POLLOT Sp.Zoo	Warsaw, Poland		100%	100%
15,16,17	TOTOLOTEK S.A.	Warsaw, Poland		95,45%	95,45%
5.	INTRALOT SLOVAKIA SPOL. S.R.O.	Bratislava, Slovakia		100%	100%
5.	SLOVENSKE LOTERIE A.S.	Bratislava, Slovakia		51%	51%
5.	NIKANTRO HOLDINGS Co LTD	Nicosia, Cyprus		100%	100%
19.	LOTERIA MOLDOVEI S.A.	Chisinau, Moldova	47,90%	32,85%	80,75%
5.	INTRALOT BETTING OPERATIONS (CYPRUS) LTD	Nicosia, Cyprus		54,95%	54,95%
5,6.	ROYAL HIGHGATE LTD	Nicosia, Cyprus		35,08%	35,08%
5.	INTRALOT LEASING NEDERLAND B.V.	Amsterdam, Netherland		100%	100%
5.	INTRALOT IRELAND LTD	Dublin, Ireland		100%	100%
5.	BILOT INVESTMENT LTD	Sofia, Bulgaria		100%	100%
36.	EUROBET LTD	Sofia, Bulgaria		49%	49%
37.	EUROBET TRADING LTD	Sofia, Bulgaria		49%	49%
37.	ICS S.A.	Sofia, Bulgaria		49%	49%
5.	TECNO ACCION URUGUAY S.A.	Montevideo, Uruguay		50,10%	50,10%
5.	INTRALOT CYPRUS GLOBAL ASSETS LTD	Nicosia, Cyprus		100%	100%
8.	INTRALOT OOO	Moscow, Russia		100%	100%
26.	INTRALOT DISTRIBUTION OOO	Moscow, Russia		100%	100%
8.	INTRALOT ST. LUCIA LTD	Castries, Santa Lucia		100%	100%
9.	INTRALOT GUATEMALA S.A.	Guatemala City, Guatemala		100%	100%
10.	LOTERIAS Y APUESTAS DE GUATEMALA S.A.	Guatemala City, Guatemala		51%	51%
9.	INTRALOT DOMINICANA S.A.	St. Dominicus, Dominican Republic		100%	100%
9.	INTRALOT LATIN AMERICA INC	Miami, USA		100%	100%
9.	INTRALOT SURINAME LTD	Paramaribo, Suriname		100%	100%
9.	CARIBBEAN VLT SERVICES LTD	Castries, Santa Lucia		50,001%	50,001%
9.	INTRALOT CARIBBEAN VENTURES LTD	Castries, Santa Lucia		50,05%	50,05%
11.	SUPREME VENTURES LTD	Kingston, Jamaica		24,97%	24,97%
	ΙΝTRALOT HOLDINGS INTERNATIONAL LTD	Nicosia, Cyprus	100%		100%
2.	INTRALOT INTERNATIONAL LTD			100%	100%
3.	INTRALOT OPERATIONS LTD	Nicosia, Cyprus Nicosia, Cyprus		100%	100%
2,4.	NETMAN SRL	Bucharest, Romania		100%	100%
2.	BILOT EOOD	Sofia, Bulgaria		100%	100%
20.	EUROFOOTBALL LTD	Sofia, Bulgaria		49%	49%
21.	EUROFOOTBALL PRINT LTD	Sofia, Bulgaria		49%	49%
2.	INTRALOT TECHNOLOGIES LTD	Nicosia, Cyprus		100%	100%
23.	INTRALOT LOTTERIES LTD	Nicosia, Cyprus	51%	49%	100%
23.	INTRALOT INVESTMENTS LTD	Nicosia, Cyprus	51%	49%	100%
2.	INTRALOT BUSINESS DEVELOPMENT LTD	Nicosia, Cyprus		100%	100%
	GAMING SOLUTIONS INTERNATIONAL
2.	SAC	Lima, Peru		100%	100%
2.	NAFIROL S.A.	Montevideo, Uruguay		100%	100%
2.	LEBANESE GAMES S.A.L	Beirut, Lebanon		99,99%	99,99%
2.	INTRALOT HONG KONG HOLDINGS LTD	Hong Kong, China		100%	100%
2.	ENTERGAMING LTD	Alderney, Guernsey		100%	100%
2.	INTRALOT BETTING OPERATIONS RUSSIA LTD	Nicosia, Cyprus		100%	100%
25.	FAVORIT BOOKMAKERS OFFICE OOO	Moscow, Russia		100%	100%

INTERIM FINANCIAL REPORT for the period ended SEPTEMBER 30, 2016

	II. Equity method:	Domicile	% Direct Part'n	% Indirect Part'n	% Total Part'n
	LOTRICH INFORMATION Co LTD	Taipei, Taiwan	40%		40%
	INTRALOT SOUTH AFRICA LTD	Johannesburg, South Africa	45%		45%
3.	GOREWARD LTD	Taipei, Taiwan		49,99%	49,99%
31.	PRECIOUS SUCCESS LTD GROUP	Hong Kong, China		24,49%	24,49%
31.	GAIN ADVANCE GROUP LTD	Hong Kong, China		49,99%	49,99%
22.	KTEMS HOLDINGS CO LTD	Seoul, South Korea		49,99%	49,99%
31.	OASIS RICH INTERNATIONAL LTD	Taipei, Taiwan		44,99%	44,99%
32.	WUSHENG COMPUTER TECHNOLOGY (SHANGHAI) CO LTD	Shanghai, China		44,99%	44,99%
5.	BIT8 LTD	Valetta, Malta		39%	39%
18.	SWITCH IT NV	Willemstad, Curacao		39%	39%
2.	UNICLIC LTD	Nicosia, Cyprus		50%	50%
27.	DOWA LTD	Nicosia, Cyprus		30%	30%
5.	GAMENET GROUP S.p.A.	Rome, Italy		20%	20%
33.	GAMENET S.p.A. ²	Rome, Italy		20%	20%
34.	INTRALOT HOLDING & SERVICES S.p.A. ¹	Rome, Italy		20%	20%
34,7.	INTRALOT GAMING MACHINES S.p.A. ¹	Rome, Italy		20%	20%
7.	INTRALOT ITALIA S.p.A ¹	Rome, Italy		20%	20%
13.	VENETA SERVIZI S.R.L. ¹	Rome, Italy		20%	20%
34.	GAMENET ENTERTAINMENT S.R.L.	Rome, Italy		20%	20%
35.	GAMECITY S.R.L.	Camaiore, Italy		20%	20%
34.	GAMENET SCOMMESSE S.p.A.	Rome, Italy		20%	20%
34.	GAMENET RENTING S.R.L.	Rome, Italy		20%	20%
34.	GAMENET FORMAZIONE S.R.L.	Rome, Italy		20%	20%
34.	GNETWORK S.R.L.	Rome, Italy		20%	20%
34.	VERVE S.p.A.	Campione d'Italia, Italy		10,20%	10,20%
34.	BILLIONS ITALIA S.R.L.	Rome, Italy		10,20%	10,20%
34.	JOLLY VIDEOGIOCHI S.R.L.	Rome, Italy		14%	14%
34.	NEW MATIC S.R.L.	Rome, Italy		10,20%	10,20%
34.	AGESOFT S.R.L.	Rome, Italy		12%	12%
	Subsidiary of the company:
	1: Intralot Global Securities BV	14: Intralot Do Brazil LTDA		27: Uniclic LTD
	2: Intralot Holdings International LTD	15: Pollot Sp.Zoo		28: Intralot Australia PTY LTD
	3: Intralot International LTD	16: White Eagle Investments LTD		29: Intralot Iberia Holdings S.A.
	4: Intralot Operations LTD	17: Beta Rial Sp.Zoo.		30: Inteltek Internet AS
	5: Intralot Global Holdings BV	18: Bit8 LTD		31: Goreward LTD
	6: Intralot Betting Operations(Cyprus) LTD	19: Nikantro Holdings Co LTD		32: Oasis Rich International LTD
	7: Intralot Holding & Services S.p.A.	20: Bilot EOOD		33: Gamenet Group S.p.A.
	8: Intralot Cyprus Global Assets LTD	21: Eurofootball LTD		34: Gamenet S.p.A.
	9: Intralot St.Lucia LTD	22: Gain Advance Group LTD		35: Gamenet Entertainment S.R.L.
	10: Intralot Guatemala S.A.	23: Intralot Technologies LTD		36: Bilot Investment Ltd
	11: Intralot Caribbean Ventures LTD	24: Betting Company S.A.		37: Eurobet Ltd
12: Intralot Inc		25: Intralot Betting Operations Russia LTD
	13: Intralot Italia S.p.A.	26: Intralot OOO

¹ The companies Intralot Holding & Services S.p.A., Intralot Gaming Machines S.p.A., Intralot Italia S.p.A. and Veneta Servizi Srl were consolidated until 27/6/2016 with the full consolidation method and from 28/6/2016 with the equity method after the contribution from Intralot Global Holdings BV in Gamenet Group S.p.A. under the agreement with Trilantic Capital Partners Europe, the principal shareholder of Gamenet S.p.A. (note 2.19.A.VIII.A).

² The associate company Gamenet S.p.A. participates in companies Gamenet Renting S.R.L. (100%), Gamenet Formazione S.R.L. (100%) and Verve S.p.A. (51%) that were not consolidated on 30/9/2016 since they were not considered material for the Group.

The entities Atropos S.A., Nafirol S.A., Intralot Dominicana S.A., Gaming Solutions International Ltda Intralot Argentina S.A. and Gain Advance Group LTD are under liquidation process.

The Group has also a number of shares of non-significant value in subsidiaries and associates to which, in respect to INTRALOT SA, there is no parent- subsidiary relationship in the form of a legal entity.

On 30/9/2016, the Group or its subsidiaries did not have any significant contractual or statutory restrictions on their ability to access or use the assets and settle the liabilities of the Group.

The following United Kingdom subsidiaries are exempt from the requirements of the Companies Act 2006 relating to the statutory audit of individual company accounts by virtue of Section 479A of that Act:

Intralot Finance UK Ltd (company number 6451119)

White Eagle Investments Limited (company number 3450868)

Ilot Capital UK Limited (company number 9614324)

Ilot Investments UK Ltd (company number 9614271)

However, Intralot Finance UK Ltd has been audited in 2015 for IFRS Group reporting purposes.

III. Acquisitions

A) Eurobet Ltd Group - Bulgaria

On April 2016, the Group announced the acquisition, through its Bulgarian subsidiary Bilot Investment Ltd, of a strategic stake in Eurobet Ltd a leading gaming company in Bulgaria. The Group acquired a 49% stake in Eurobet Ltd, a company that offers to the Bulgarian market numerical games and scratch tickets through a network of 1.100 points of sales countrywide. The Group already has strong presence in the country as 49% owner of Eurofootball Ltd, offering Fixed Odds and Live Betting through a network of 850 shops, since 2002.

The cost of the transaction amounts to €19,5 million and will be paid as follows: €5,85 million deposit and the remaining amount in installments over an 18 months period. The EV/EBITDA ratio for the acquisition of the share amounted to approximately 5x. The acquisition was completed in early July 2016, after approval by the Competition Protection Commission. The Eurobet Group (Eurobet Ltd, Eurobet Trading Ltd & ICS SA) is consolidated since July 2016 with the full consolidation method.

The fair values of the identifiable assets and liabilities of Entergaming Ltd on the acquisition date were:

	Fair Value
Tangible assets	3.371
Intangible assets	588
Other financial assets	90
Other long term receivables	2.520
Inventories	573
Trade and other short term receivables	3.965
Cash and cash equivalents	101
Long term loans	-1.993
Staff retirement indemnities	-9
Short term loans and finance lease	-1.566
Trade and other short term payables	-2.231
Total fair value of net identifiable assets	5.409

Fair value of net identifiable assets attributable to non-controlling interests	-2.759
Goodwill recognized on acquisition	16.850
Total acquisition consideration	19.500
Analysis of cash flows on acquisition:
Cash and cash equivalents acquired	101
Acquisition consideration in cash	-5.850
Net cash flow on acquisition	-5.749
Acquisition consideration in cash paid after the acquisition date	-2.250
Net cash flow during the nine months of 2016	-7.999

B) Entergaming Ltd – United Kingdom

On late March 2016 the Group acquired 100% of the voting rights of Entergaming Ltd based in Alderney, an online sports betting operator with a significant player database. The Group acquired Entergaming Ltd to enrich the range of products offered and to expand its clientele.

The fair values of the identifiable assets and liabilities of Entergaming Ltd on the acquisition date were:

	Fair Value
Intangible assets	11.964
Long term liabilities	-9.774
Short term liabilities	-2.190
Total fair value of net identifiable assets	0
Goodwill recognized on acquisition	0
Total acquisition consideration	0
Analysis of cash flows on acquisition:	0
Cash and cash equivalents acquired	0
Acquisition consideration in cash	0
Net cash flow on acquisition	0

C) Gamenet Group S.p.A. - Italia

During the third quarter of 2016, the associate company Gamenet Group S.p.A. acquired 70% of the Italian company Jolly Videogiochi S.R.L. and 51% of the Italian company New Matic S.R.L. operating in the AWP sector. It also acquired 100% of the Italian company Gamecity S.R.L., which owns a large game hall, and 60% of the Italian company Agesoft S.R.L. which operates in the gaming software development.

IV. New Companies of the Group:

During the nine months of 2016 the Group proceed to the establishment of the subsidiary companies Bilot Investment Ltd (100%), Intralot Chile S.p.A. (100%) and Tecno Accion Uruguay S.A. (50,01%) and also the associate company Gamenet Group S.p.A. (20%). In October 2016 the Group established the subsidiary Gameway Ltd (100%), based in Malta.

V. Changes in ownership percentage during 2016:

On September 2016 the Group increased its participation share in associates Bit8 Ltd and Switch IT NV from 35% to 39% after exercising a relevant right.

VI. Subsidiaries' Share Capital Increase:

During the nine months of 2016 the Group completed a share capital increase through payment in cash in Netman SRL amounting €209 thousand, in Intralot Holding & Services SpA amounting € 13.610 thousand, in Ilot Capital UK Ltd amounting €5.630 thousand, in Ilot Investments UK Ltd amounting €5.630 thousand and in Veneta Servizi SRL amounting €15 thousand.

VII. Strike off - Disposal of Group Companies:

During 2016, the Group completed the liquidation and strike off of the associate company Ktems Holdings Co LTD (March 2016), and the subsidiaries Intralot Distribution OOO (September 2016) and Intralot Investments Ltd (November 2016).

On 30/09/2016, the Group sold all the shares it held in subsidiary Intralot Suriname Ltd. The Net gain from the disposal of Intralot Suriname Ltd amounted to €370 thousand, which are presented in the Group's Income Statement (loss €60 thousand, under "Income/(expenses) from participations and investments" and gain €430 thousand in line "Exchange differences"). The activities of Intralot Suriname Ltd will not be classified as discontinued since they were not material for the Group.

On August 2016, INTRALOT Group announced that it has entered into discussions on an exclusive basis with the company Tatts, regarding a possible sale of INTRALOT's business in Australia and New Zealand.

VIII. Discontinued Operations

Α) Italy

On 25/6/2016 the Group announced that it has signed an agreement, with Trilantic Capital Partners Europe, the main shareholder of Gamenet S.p.A ("Gamenet") in Italy, concerning the merge of the activities of the Group in Italy (subsidiary companies Intralot Holding & Services S.p.A., Intralot Gaming Machines S.p.A., Intralot Italia S.p.A. and Veneta Servizi Srl) into those of Gamenet, one of the largest network concessionaires of VLT, AWP, betting and online gaming in the country. This announcement was made following the announcement of the signing of a Memorandum of Understanding (MoU) on 21/3/2016. Following the completion of the agreement on 27/6/2016 and the approval of the competent Competition Authority, the Group now controls 20% of the combined operation (Gamenet Group S.p.A. – note 2.19.Α.ΙΙ), with a network of approximately 750 betting POS, that will continue to use INTRALOT's brand name, approximately 8.200 VLTs, over 50.000 AWPs and more than 60 gaming halls owned by the company. The above subsidiaries are presented in the geographical operating segment "European Union" (note 2.2). Since 31/3/2016 the above activities of the Group subsidiaries in Italy were classified as assets held for sale and discontinued operations.

Below are presented the results of discontinued operations of the Group subsidiaries in Italy for the first semester of 2016 (in 2016 they were consolidated with the full consolidation method until 27/6/2016) and the nine months of 2015:

	1/1-30/6/2016	1/1-30/9/2015
Sale proceeds	323.256	409.302
Expenses	-332.739	-424.031
Other operating income	394	464
Other operating expenses	-1.150	-2.120
EBIT	-10.239	-16.385
EBITDA	3.923	3.058
Gain/(loss) from assets disposal, impairment loss and write-off of assets	-686	-175
Interest and similar expenses	-827	-323
Interest and similar income	3	38
Operating profit/(loss) before tax	-11.749	-16.845
Tax	0	0
	-11.749	-16.845
Gain/(loss) from disposal of discontinued operations	45.185	0
Corresponding tax	0	0
Profit/(loss) after tax from discontinued operations	33.436	-16.845

Below are presented the results of discontinued operations of the Group subsidiaries in Italy for the third quarter of 2015 (in 2016 were consolidated with the full consolidation method until 27/6/2016):

	1/7-30/9/2015
Sale proceeds	118.122
Expenses	-122.077
Other operating income	130
Other operating expenses	-920
EBIT	-4.745
EBITDA	1.895
Gain/(loss) from assets disposal, impairment loss and write-off of assets	-65
Interest and similar expenses	-93
Interest and similar income	9
Operating profit/(loss) before tax	-4.894
Tax	0
	-4.894
Gain/(loss) from disposal of discontinued operations	0
Corresponding tax	0
Profit/(loss) after tax from discontinued operations	-4.894

The net assets held for sale of the Group subsidiaries in Italy amounted to €38.335 thousand on 30/06/2016, while the value of the Groups participation in the combined activity (Gamenet Group SpA) was estimated at €83.520 thousand, forming the profits from disposal (merge) of discontinued operations to €45.185 thousand which are reported in the Group's Income Statement (line "Net Profit / (loss) after tax from discontinued operations")

The net cash outflow of the Group during the transfer of discontinued operations in Italy amounted to €24.612 thousand, consisting of the cash contributions of the Group in the new combined business amounting €13.610 thousand, the derecognition of the cash reserves of the merging subsidiaries of the Group amounting €7.502 thousand and the guarantee payment for tax losses of previous years of the Group amounting €3.500 thousand, which can be offset against future taxable profits of the new combined business.

Below are presented the net cash flows of the discontinued operations of the Group subsidiaries in Italy for the first semester of 2016 (in 2016 they were consolidated with the full consolidation method until 27/6/2016) and the nine months of 2015:

	1/1-30/6/2016	1/1-30/9/2015
Operating activities	4.443	-162
Investing activities	-22.627	-2.125
Financing activities	-818	-675
Net increase / (decrease) in cash and cash equivalents for the period	-19.002	-2.962

Since the end of June, the Group consolidates 20% of the combined activity (Gamenet Group SpA note 2.19.A.II) with the equity method, the results of which are presented in the line "Profit / (loss) from equity method consolidations" in the Income statement of the Group.

B) Peru

On 26/5/2016 the Group announced that it has reached an agreement with Nexus Group to sell 80% of Intralot de Peru S.A.C., its 100% owned subsidiary in Peru. After the completion of the transaction on 24/11/2016 the Group will continue to be the company's technological provider and will hold a 20% participation in Intralot de Peru S.A.C.'s share capital while NG Entertainment Peru S.A.C. the 80%. Intralot de Peru S.A.C. operates numerical games and sports betting in the country through a network of 3.700 POS and the Internet. The agreement is in line with the Group's strategy to create, in selected countries, strategic partnerships with strong local partners that offer substantial synergies and local market know-how, strengthening the development of the local companies. The above subsidiary is presented in the geographical operating segment "America" (note 2.2). Since 30/6/2016 the above activities of the Group in Peru were classified as assets held for sale and discontinued operations.

The consideration price amounted to USD68,7 million and was paid in November 2016. The result of the transaction will be reported in the financial statements of the fourth quarter of 2016.

Below are presented the results of discontinued operations of the Group in Peru (Intralot de Peru S.A.C.) for the nine months of 2016 and 2015 respectively:

	1/1-30/9/2016	1/1-30/9/2015
Sale proceeds	98.714	75.576
Expenses	-94.042	-71.667
Other operating income	21	289
Other operating expenses	-140	-31
EBIT	4.553	4.167
EBITDA	7.919	7.761
Gain/(loss) from assets disposal, impairment loss and write-off of assets	-9	-120
Interest and similar expenses	-254	-276
Interest and similar income	146	49
Exchange Differences	-153	220
Operating profit/(loss) before tax	4.283	4.040
Tax	-1.393	-939
	2.890	3.101
Gain/(loss) from disposal of discontinued operations	0	0
Corresponding tax	0	0
Profit/(loss) after tax from discontinued operations	2.890	3.101

Below are presented the results of discontinued operations of the Group in Peru (Intralot de Peru S.A.C.) for the third quarter of 2016 and 2015 respectively:

	1/7-30/9/2016	1/7-30/9/2015
Sale proceeds	36.429	27.016
Expenses	-34.932	-26.442
Other operating income	14	161
Other operating expenses	-3	0
EBIT	1.508	735
EBITDA	2.662	1.908
Gain/(loss) from assets disposal, impairment loss and write-off of assets	-10	-52
Interest and similar expenses	-83	-108
Interest and similar income	22	23
Exchange Differences	10	-407
Operating profit/(loss) before tax	1.447	191
Tax	-411	-732
	1.036	-541
Gain/(loss) from disposal of discontinued operations	0	0
Corresponding tax	0	0
Profit/(loss) after tax from discontinued operations	1.036	-541

Below are presented the main assets and liabilities of the discontinued operations of the Group in Peru (Intralot de Peru S.A.C.) classified as held for sale on 30/9/2016:

	30/9/2016
ASSETS
Tangible assets	15.585
Intangible assets	777
Deferred Tax asset	1.311
Other long term receivables	1.053
Inventories	978
Trade and other short term receivables	4.255
Cash and cash equivalents	5.504
Assets held for sale	29.463
LIABILITIES
Other long term provisions	141
Short term loans and finance leases	935
Trade and other short term liabilities	10.204
Current income tax payable	1.289
Liabilities directly related to assets held for sale	12.569
Net assets held for sale	16.894
Amounts included in accumulated other comprehensive income:
Actuarial differences reserve	-2.602
Assets held for sale reserves	-2.602

Below are presented the net cash flows of the Group's discontinued operations in Peru (Intralot de Peru S.A.C.):

	1/1-30/9/2016	1/1-30/9/2015
Operating activities	5.716	10.365
Investing activities	-1.841	-2.493
Financing activities	-379	-568
Net increase / (decrease) in cash and cash equivalents for the period	3.496	7.304

Below are presented the Profit / (loss) after tax per share of discontinued operations of the Group subsidiaries in Italy and those of Intralot de Peru SAC:

Earnings / (loss) after tax per share (€) from discontinued operations	1/1-30/9/2016	1/1-30/9/2015
- basic	0,2294	-0,0867
- diluted	0,2294	-0,0867
Weighted Average number of shares	158.332.823	158.490.975

B. REAL LIENS

A Group subsidiary in Malta has banking facilities amounting €29,3 million, consisting of a loan amounting €20 million, an overdraft of €5 million, and bank guarantee letters of €4,3 million. These facilities are secured by an initial general mortgage on all the subsidiary's present and future assets (on 30/9/2016 the loan balance amounted to €4,1 million, the used guarantee letters to €4,0 million and the overdraft was fully repaid). Also a Group subsidiary in Peru has secured a loan of €0,9 million with mortgage on a building, while a Group subsidiary in Bulgaria has secured a loan of €2,8 million by pledging its total trading activity and fixed assets of its subsidiary.

There are no other restrictions than the above, in the ownership or transfer or other encumbrances on the Group's property.

On September 30, 2016 the Group had no contractual commitments for the purchase of tangible assets.

C. PROVISIONS

GROUP	Legal issues ¹	Unaudited fiscal years and tax audit expenses ²	Other provisions ³	Total provisions
Period opening balance	4.795	3.852	6.628	15.275
Period additions	14	600	940	1.554
Used provisions	0	0	-980	-980
Discounting	0	0	29	29
Disposal of subsidiary / change in consolidation method	0	-123	-387	-510
Discontinued operations	-141	0	0	-141
Translation differences	339	0	-130	209
Period closing balance	5.007	4.329	6.100	15.436
Long term provisions Short term provisions	5.007 0	70 4.259	1.037 5.063	6.114 9.322
Total	5.007	4.329	6.100	15.436

¹ Relate to legal issues as analyzed in note 2.20.A.

² Relate to provisions for the coverage of differences from future audits for income tax and other tax. It is expected to be used in the next 1-2 years.

³ Relate to provisions for risks none of which are individually material to the Group except from provisions for additional fees (bonus) and other employee benefits of the Group amounting to €2.566 thousand as well as provisions for future payments under "onerous contracts" as provided by IAS 37 amounting to € 1.469 thousand. The Other provisions are expected to be used in the next 1-7 years.

COMPANY	Legal issues ¹	Unaudited fiscal years and tax audit expenses ²	Other provisions	Total provisions
Period opening balance	4.665	3.269	91	8.025
Period additions	0	600	0	600
Translation differences	342	0	0	342
Period closing balance	5.007	3.869	91	8.967
Long term provisions	5.007	0	0	5.007
Short term provisions	0	3.869	91	3.960
Total	5.007	3.869	91	8.967

¹ Relate to legal issues as analyzed in note 2.20.A.

² Relate to provisions for the coverage of differences from future audits for income tax and other tax. It is expected to be used in the next 1-2 years.

D. PERSONNEL EMPLOYED

The number of employees of the Group on 30/9/2016 amounted to 5.225 persons (4.628 Company/subsidiaries and associates 597) and the Company's 701 persons. Correspondingly on 30/9/2015 the number of employees of the Group amounted to 5.184 persons (Company/subsidiaries 5.067 and associates 117) and the Company 667 persons. At the end of 2015 the number of employees of the Group amounted to 5.080 persons (4.963 Company/subsidiaries and associates 117) and the Company 660 persons.

E. RELATED PARTY DISCLOSURES

Intralot SA purchases goods and services and/or provides goods and services to various related companies, in the ordinary course of business. These related companies consisting of subsidiaries, associates or other related companies which have common ownership and / or management with Intralot SA.

Below is a condensed report of the transactions for the nine months of 2016 and the balances on 30/9/2016 of other related parties:

Amounts reported in thousands of €	1/1-30/9/2016
(total operations)	GROUP	COMPANY
Income
-from subsidiaries	0	31.272
-from associates	1.820	1.579
-from other related parties	4.065	3.820
Expenses
-to subsidiaries	0	16.005
-to associates	-207	-302
-to other related parties	7.124	5.873
BoD and Key Management Personnel transactions and fees	7.721	3.430
Amounts reported in thousands of €	30/9/2016
	GROUP	COMPANY
Receivables
-from subsidiaries	0	72.176
-from associates	15.006	5.873
-from other related parties	14.150	9.816
Payables
-to subsidiaries	0	299.534
-to associates	751	-4
-to other related parties	31.977	16.426
BoD and Key Management Personnel receivables	310	0
BoD and Key Management Personnel payables	192	0

Below there is a summary of the transactions for the nine months of 2015 and the balances of 31/12/2015 with related parties:

Amounts reported in thousands of €	1/1-30/9/2015
(total operations)	GROUP	COMPANY
Income
-from subsidiaries	0	33.109
-from associates	2.450	2.493
-from other related parties	9.850	7.875
Expenses
-to subsidiaries	0	23.239
-to associates	408	-131
-to other related parties	6.173	4.392
BoD and Key Management Personnel transactions and fees	8.593	4.214
Amounts reported in thousands of €	31/12/2015
	GROUP	COMPANY
Receivables
-from subsidiaries	0	82.868
-from associates	15.709	8.839
-from other related parties	16.150	10.481

Payables
-to subsidiaries	0	311.300
-to associates	647	108
-to other related parties	20.771	15.625
BoD and Key Management Personnel receivables	711	0
BoD and Key Management Personnel payables	507	246

Sales and services to related parties are made at normal market prices. Outstanding balances at year end are unsecured and settlement occurs in cash. No guarantees have been provided or received for the above receivables.

In the nine months of 2016, the Company held a reversal of provisions concerning a reduction estimate in the recoverable amount of receivables from subsidiaries of €14,4 million due to realized and expected receipts related to these subsidiaries (nine months of 2015: €33,8 mil.) that was recognized in Income Statement of the period.

Meanwhile, in the nine months of 2016, the Company made provisions concerning reduction in the estimate of recoverable value of receivables from subsidiaries amounting to €10,6 million (nine months of 2015: €4,1 million.) that were recorded in the income statement for the period while an amount of € 0,7 million provisions that were formed in previous years were eventually used due to the merger of the Group's activities in Italy and the disposal of subsidiary Intralot Suriname Ltd.

The accumulated relevant provisions on 30/9/2016 amounted to €37,4 million (31/12/2015: €41,9 million). Meanwhile, during the nine months of 2016 the Company made write-offs of subsidiaries receivables amounting €1,3 million due to the merger of the Group's activities in Italy and the disposal of its subsidiary Intralot Suriname Ltd which were reported in the income statement for the period.

2.20 CONTINGENT LIABILITIES, ASSETS AND COMMITMENTS

A. LITIGATION CASES

a. On 5th September 2005 a lawsuit was served to the company, filed by the company "IPPOTOUR S.A.", against the company and the company "OPAP S.A.". Τhe plaintiff "IPPOTOUR S.A." requested to be acknowledged that the contract signed between OPAP S.A. and the Company should not grant to the latter the right to operate any kind of wagering game on Greek or foreign horse racing, that "OPAP S.A" should not have the right to operate any kind of wagering game on horse racing and that "OPAP S.A." and the company should be excluded from the operation and organization of betting games on horse racing. The hearing of the case had been set for 14th February 2008 when the hearing was postponed for 8th October 2009; at that date the hearing was cancelled due to the national elections. No summons for the schedule of a new hearing date has been served to the company until now. By virtue of the above mentioned lawsuit the plaintiff withdrew of the lawsuit filed against the Company and OPAP SA on 10th January 2003 with the same content, which was set to be heard on 18th May 2005, on which date the said hearing was cancelled. The Legal Department of the Company considers that, in case of the hearing of the case, the above-mentioned lawsuit would not be successful.

b. On 4th January 2005 OPAP S.A. submitted a notice of proceedings to "Betting Company S.A." regarding a lawsuit that was filed against OPAP S.A. before the Multi-member Court of First Instance of Athens, with which the plaintiff claims the payment of the amount of €3.668.378,60 plus accrued interests from OPAP S.A., pleading that OPAP S.A. should pay this amount to him as profit, in addition to the amount already paid to him. Since Betting Company S.A. has a legitimate interest in OPAP S.A. winning the lawsuit, Betting Company S.A., the companies INTRALOT S.A. and INTRALOT INTERNATIONAL LTD proceeded to an additional joint intervention in favour of OPAP S.A.; this was scheduled for hearing on 3rd May 2007 but following a petition for precipitation of the plaintiff the case was heard on 1st December 2005. By its decision No 2412/2006 the Multi-member Court of First Instance of Athens ruled in favour of the lawsuit of the plaintiff and, following the restriction by the plaintiff of his petition to a lawsuit for acknowledgement of the debt, the Court acknowledged the obligation of OPAP S.A to pay to the plaintiff the amount of €3.668.378,60. OPAP S.A and the aforementioned companies filed an appeal on 28/6/2006 which had been rejected by the Athens Court of Appeals with its decision no. 6377/2007. The defendants filed an appeal before the Supreme Court which was heard on 9th November 2009 and decision no. 1252/2010 was issued accepting the appeal and referring back the case to the Athens Court of Appeals which vindicated the defendants and dismissed the lawsuit with its decision no. 5189/2012. For the above case a provision had been made which has been reversed. On 23rd July 2014 an application for cassation was served to the company which has been heard, following a postponement, on 2nd February 2015 and the decision no 1062/2015 was issued referring the case for hearing before the plenary session of the Supreme Court. The date for the hearing of the case before the plenary session of the Supreme Court is set the 16th February 2017.

c. INTRALOT filed before Multi-member Court of First Instance of Athens its civil lawsuit dated 12th May 2005 against Mr. K. Thomaidis, claiming the payment of sum of €300.000 as pecuniary compensation for moral damage. The case was scheduled for hearing on 26th January 2006. On 18th January 2006 the company was served with a lawsuit filed by Mr. K. Thomaidis on 9th January 2006, before the Multi-

member Court of First Instance of Athens with which the plaintiff claims the payment of sum of €300.000 as pecuniary compensation for moral damage. The case was scheduled for hearing on 14th December 2006. The suit of INTRALOT against Mr. K. Thomaidis was postponed to be heard on 14th December 2006. The two lawsuits have been heard together and the decision no 7936/2007 was issued declaring the lawsuit dated 9th January 2006 of Mr. K. Thomaidis as cancelled and accepting partially INTRALOT's lawsuit dated 12th May 2005. Until now, no appeal against this decision has been served to the company.

d. Against (a) publishing company "I. Sideris – Andreas Sideris Sons O.E.", (b) the Foundation of Economic and Industrial Researches (IOBE), (c) Mr. Theodosios Palaskas, Director of Research of IOBE, (d) the Kokkalis Foundation, and (e) INTRALOT, a lawsuit of Mr. Charalambos Kolymbalis, was filed on 8th March 2007 before the Multi-member Athens Court of First Instance. With his lawsuit, the plaintiff requests to be recognized as the sole creator of the project entitled "The financial consequences of sports in Greece" and his intellectual property right on this, and that the amount of €300.000 to be paid to him as monetary compensation for moral damages. Date of the hearing was set the 20th February 2008 when it was postponed for 4th March 2009 and then again for 24th February 2010; on that date the hearing of the case was cancelled due to strike of the judicial secretaries. New hearing date was scheduled the 23rd May 2012 when the case was heard and the decision no. 5724/2012 of the Athens Multi-member Court of First Instance was issued which dismissed the lawsuit. On 17 October 2015 an appeal was served to the company against the above decision, which was scheduled to be heard before the Athens Court of Appeals on 11 February 2016; on that date the hearing was postponed for 22 September 2016 due to lawyers strike when it was cancelled, while following a request of the plaintiff a new hearing date is set for 9 March 2017.

e. On 26th July 2011 a lawsuit was served to INTRALOT SA and the company "Interstar Security LTD" from a former employee of INTRALOT SA claiming the payment of €500.000 as compensation for moral damage. The hearing had been initially set for 6th March 2014 when it was postponed for 10 November 2016. Before the hearing the plaintiff withdrew from the lawsuit. The estimate of the legal advisors of the Company is that in any case the lawsuit has no serious chance of success.

f. The Company and its subsidiary "Intralot International Limited" and Mr. Socratis P. Kokkalis, filed before the Athens Multi-member Court of First Instance their lawsuit dated 1st November 2012 against the company "Glory Technology Limited" having its registered offices in Cyprus and Mr. Athanassios K. Ktorides, resident of Cyprus, requesting to compel the defendants to pay, jointly and severally, because of slander and their unfair competitive behaviour:

• to the first plaintiff (Intralot) the amount of €72.860.479,78 (including monetary compensation for moral damages amounting to €25.000.000) with the legal interest as from the service of the lawsuit
• to the second plaintiff (Intralot International Limited) the amount of €5.019.081,67 (including monetary compensation for moral damages amounting to €5.000.000) with the legal interest as from the service of the lawsuit; and
• to the third plaintiff (Mr. Socratis P. Kokkalis) the amount of €50.424.019,73 (including monetary compensation for moral damages amounting to €25.000.000) with the legal interest as from the service of the lawsuit.

The Athens Multi-member Court of First Instance issued its decision partially accepting the lawsuit; "Glory Technology Limited" is obliged to pay €50.000 to the first plaintiff, €25.000 to the second plaintiff and €25.000 to the third plaintiff. No appeal of the other party has been served to the Company yet. The Company filed an appeal against the decision requesting that the lawsuit to be accepted in total; no hearing date has been set for the appeal.

On the other hand, the company "Glory Technology Limited" and Mr. Athanassios K. Ktorides filed before the same court their lawsuit dated 19 March 2013 claiming that with the filing of the abovementioned lawsuit (from which unfair competitive behaviour results, as they allege) moral damage was caused to them. With their lawsuit, the plaintiffs were requesting from the court to compel the Company, "Intralot International Limited" and Mr. Socratis Kokkalis to pay jointly and severally monetary compensation for moral damages amounting to €25.000.000 to each of the plaintiffs. The hearing of the case had been scheduled for 16th October 2013. On 23rd September 2013, the plaintiffs withdrew from the lawsuit.

g. In Turkey, GSGM filed before the Ankara Tax Court a lawsuit against the local Tax Authority requesting the annulment of a penalty amounting to TRY 5.075.465 (€1.511.635) imposed on GSGM, since the Tax Authority considers that stamp duty should have been paid by GSGM also for the second copy of the contract dated 29th August 2008 with İnteltek İnternet Teknoloji Yatırım ve Danışmanlık Ticaret A.Ş. ("Inteltek") as well as for the letter of guarantee securing the minimum turnover of GSGM games. Inteltek intervened in the case before the abovementioned court in favour of GSGM because, according to the contract dated 29th August 2008, GSGM may request from Inteltek the amount that will be finally obliged to pay. The decision issued by the court vindicates GSGM and Inteltek and the abovementioned penalty was cancelled. The Tax Authority filed an appeal which was rejected by the Turkish Council of State which validated the decision of the first instance court that had cancelled the penalty.

h. In Turkey the companies Teknoloji Holding A.Ş. and Teknoser Bilgisayar Teknik Hizmetler Sanayi ve Dış Ticaret A.Ş have filed a lawsuit against Intralot and Inteltek claiming that due to wrong calculation of the reserves of the years 2005 and 2006, the distributed dividends to the then shareholders of Inteltek should have been higher and for this reason they are requesting that the amount of TL 609.310,40 (€181.472) plus interest to be paid to them. Next date for the hearing of the case is set the 19th December 2016.

i. In Colombia, INTRALOT, on 22nd July 2004, entered into an agreement with an entity called Empresa Territorial para la salud ("Etesa"), under which it was granted with the right to operate games of chance in Colombia. In accordance with terms of the abovementioned agreement, INTRALOT has submitted an application to initiate arbitration proceedings against Etesa requesting to be recognized that there has been a disruption to the economic balance of abovementioned agreement to the detriment of INTRALOT and for reasons not attributable to INTRALOT and that Etesa to be compelled to the modification of the financial terms of the agreement in the manner specified by INTRALOT as well as to pay damages to INTRALOT (including damages for loss of profit) or alternatively to terminate now the agreement with no liability to INTRALOT. The arbitration court adjudicated in favour of Etesa the amount of 23,6 billion Colombian pesos (€7,3m). The application for annulment of the arbitration award filed by INTRALOT before the High Administrative Court was rejected. The Company filed a lawsuit before the Constitutional Court which was rejected. On 31 August 2016 an application was served to the Company requesting to

render the abovementioned arbitration decision as executable in Greece; the application was scheduled to be heard before the Athens One-Member First Instance Court on 1 November 2016 when the hearing was postponed for the 16th December 2016 in order to be heard together with an intervention filed by the Company requesting the dismissal of the application. The Company has created relative provision in its financial statements part of which (€2,4m) has already been used for the payment to Etesa of a letter of guarantee amounting to 7.694.081.042 Colombian pesos.

j. Against the subsidiary Intralot Holdings International Ltd., a shareholder of LOTROM SA and against LOTROM SA, another shareholders of LOTROM SA, Mr. Petre Ion filed a lawsuit before the competent court of Bucharest requesting that Intralot Holdings International Ltd to be obliged to purchase his shares in LOTROM SA for €2.500.000 and that LOTROM SA to be obliged to register in the shareholders book such transfer. Following the hearing of 28th September 2010 a decision of the court was issued accepting the lawsuit of the plaintiff. Intralot Holdings International Ltd and LOTROM SA filed an appeal which was rejected. The abovementioned companies further filed a recourse before the Supreme Court which was heard and rejected. Mr. Petre Ion initiated an enforcement procedure of the above decision in Romania. The companies will exercise legal means against the enforcement procedure according to the provisions of the Romanian laws.

k. Mr. Petre Ion filed in Romania a lawsuit against Intralot Holdings International Ltd and LOTROM requesting to issue a decision to replace the share purchase contract of its shares in LOTROM SA for €2.500.000 (for which he had filed the above lawsuit) in order to oblige Intralot Holdings International Ltd a) to pay the amount of €400.000 as tax on the above price, b) to sign on the shareholders book for the transfer of the shares, c) to pay the price of the transfer and the legal costs. The Court of First Instance rejected Mr. Petre Ion's lawsuit. Mr. Petre Ion filed an appeal which was heard on 4 November 2014 and was partially accepted. The Company filed an appeal against this decision which was rejected. Following postponements, the case was heard on 10 June 2016 and the respective first instance decision was issued on 19 July 2016; the lawsuit against LOTROM was rejected while it was accepted partially in respect to its part filed against Intralot Holdings International Ltd., obligating the latter to pay the amount of the purchase and the legal expenses. The company Intralot Holdings International Ltd. will file all legal means against this decision.

l. On 24 April 2013 the Company was notified of the existence of a research conducted by the Competition Board of Romania in relation to the contract signed in 2003 with Compania Nationala Loteria Romana regarding the Videolotto program. The Competition Board of Romania imposed a fine to the Company amounting to 5.541.874 ROL (€1.244.330) and to the subsidiary LOTROM to 512.469 ROL (€115.066). The Company and its subsidiary LOTROM filed a lawsuit against the respective decision requesting its annulment and the suspension of its execution. The applications for the suspension of validity of the above decision of the Competition Board were rejected and the Company and its subsidiary LOTROM filed appeals; no hearing date has been scheduled yet. Also, an application for the suspension of execution was filed by Intralot, scheduled to be heard on 13th November 2014, date on which the Court decided to suspend the issue of the decision until the competent court decides on the main recourse filed for annulment of the decision of the Competition Board. Against said decision an appeal was filed which has been rejected. Finally, regarding the applications for the annulment of the decision of the Competition Board, the application of INTRALOT is scheduled to be heard, following

postponements, on 14 December 2016, while the respective application of LOTROM which has been heard, following postponements, on 16 December 2015, was accepted by the court and the fine imposed to LOTROM was cancelled. Against this decision and LOTROM, the Competition Board of Romania filed an appeal which has not been yet scheduled for hearing.

m. In Romania, the subsidiary Lotrom was notified on the beginning of an investigation conducted by the competent authorities against the state lottery CNLR, client of the Group, in relation to alleged occurrence of the crime of conducting games of chance without license and possible complicity to that, in relation to the operation of Video Lottery machines of CNLR; the Group was the technology provider of CNLR from 2003 to 2014. Intralot was notified, through rogatory procedure, that itself along with LOTROM and Intracom, are alleged to be accomplices of the state lottery CNLR to the abovementioned crimes. Intralot refuted with a memo duly submitted within February 2016, the above allegations. Due to the early stage of the procedure and the nature of the case as well as due to the secrecy of the investigation procedures, neither further comments on the issue nor any estimation of any possible negative financial effect on the financials of the group can be provided.

n. In Poland, as a result of bet making points controls conducted by Custom Service bodies in 6 shops, a gambling law breach was claimed to be made by the "E-Promotion" program of the subsidiary "Totolotek Totomix SA" and a relevant administrative procedure was initiated which was concluded with the issue of a second instance decision of the Ministry of Finance for revocation of the six relevant licenses; the company filed a recourse against this decision before the Administrative Courts which was rejected and an appeal was filed against the respective decision which is pending. In relation to all remaining shops a second instance decision of the Ministry of Finance was issued revoking their licenses. The company has filed recourses before Administrative Courts which were rejected at the first and second instance except one case for which the hearing date before the second instance court is pending. "Totolotek Totomix SA" intends to file further legal means against the above decisions. Since December 2012, new licenses have already been issued by virtue of which the subsidiary "Totolotek Totomix SA" operates and, therefore, the abovementioned cases will not affect its activities. Following the abovementioned decisions of the Ministry of Finance regarding the revocation of the licenses, a fine amounting to 480.000 Euro was imposed to the company. The company filed a recourse against this decision and the court issued, on 13 May 2015, its decision vindicating "Totolotek Totomix SA" and cancelled the fine, while the respective appeal filed was rejected by the Warsaw Supreme Court rendering final the decision of the court which cancelled the fine.

o. In Italy, the company Tike Games S.r.l. filed a lawsuit before the civil courts of Rome requesting a compensation in the amount of 378.400 Euro in relation to a contract signed with Intralot Italia S.p.A. which now belongs to the group of Gamenet SpA where Intralot group has 20% participation. Intralot Italia S.p.A. had terminated the above contract due to material breach of an exclusivity undertaking provision when Intralot Italia SpA realized that the plaintiff had installed in its point of sale gaming machines (AWPs and VLTs) of a third party-concessionaire which was not approved by Intralot Italia S.p.A. The plaintiff claims that Intralot Italia S.p.A. is responsible for the compensation since it delayed to install the respective gaming machines. Following the hearing of 6th May 2015, the court set the next hearing date for 13 January 2016 when the case was heard and the decision vindicated Intralot Italia S.p.A.. The opinion of the external legal advisors is that the above lawsuit will not finally succeed.

p. In August 2012, two British Virgin Island companies filed a Complaint in the United States Bankruptcy Court Southern District of Florida, Miami Division, against numerous defendants, including Supreme Ventures Limited ("SVL"), a publicly traded gaming company listed on the Jamaican Stock Exchange in which INTRALOT holds an indirect shareholding interest. Notably, as per SVL, the lawsuit is based on the same claims (related to demands arose before the acquisition of INTRALOT's participation in SVL), towards third parties, initial shareholders and/or directors of SVL, or not, which were brought in, and were recently rejected by the Jamaican courts, first by the Supreme Court and then again by the Court of Appeals. INTRALOT is named as a «Relief Defendant» which means that INTRALOT is not alleged to have been part - directly or indirectly - of any wrongdoing, since the alleged by the plaintiffs acts are made before the acquisition of SVL's shares by INTRALOT through the Jamaican Stock Exchange. Intralot agrees with SVL's opinion that the Complaint is wholly without merit and expects that it will be successful in the Florida courts, as it was in the Jamaican courts.

q. In Brazil, a former officer of a subsidiary company filed a lawsuit against such subsidiary requesting several amounts to be paid to him as fees resulting from his labour relationship amounting to approx. €240.000 and from a services agreement calculated as a percentage 4% on the turnover of the subsidiary. On August 23rd, 2013, the decision of the local court was issued dismissing the lawsuit. The plaintiff filed an appeal and a decision was issued at the end of July 2014 which refers the case for a new hearing before the Court of First Instance. The court accepted the claim of the plaintiff in relation to the amounts owed due to his labor relationship but rejected the claim for remuneration resulting from a services agreement. The company is examining the possibility to file legal means against this decision.

r. On 30 July 2012, Intralot filed before the Athens Multi-member Court of First Instance a lawsuit against the company "Hellenic Organization of Horse Racing S.A." (ODIE) requesting the payment of the amount of €2.781.381,15 relating to system maintenance services provided but not paid. The case was heard on 6th May 2015 and the issue of the decision is pending.

Moreover, Intralot filed a recourse to the arbitration panel on 13 August 2012 against the same company ODIE requesting the payment of the amount of €9.551.527,34 relating to operational services of integrated system provided but not paid. The arbitration was concluded on 1st March 2013 and the arbitration decision no 27/2013 was issued vindicating Intralot and compelling ODIE to pay to Intralot the total amount requested (€9.551.527,34). In order to secure its claims, Intralot:

a) by virtue of the above arbitration decision, has already recorded on the mortgage books of the Land Registry Office of Kropia a mortgage on a land property of ODIE and specifically on the property where the Horse Racetrack of Athens in Markopoulo Attica is operating, and on the buildings thereupon, for an amount of €11.440.655,35.

b) by virtue of the decision no 2209/2014 of the Athens Single Member Court of First Instance, has already recorded on the mortgage books of the Land Registry Office of Kropia, a note of mortgage on the same real estate of ODIE for an amount of €9.481.486,11.

c) advanced the procedure of compulsory execution against ODIE in order to execute its claims.

Furthermore, on 20 March 2014, Intralot filed before the Athens Multi-member Court of First Instance a lawsuit against ODIE requesting the payment of the amount of €8.043.568,69 which is owed to it pursuant to the "Agreement of Maintenance and Operation of the System of the Mutual Betting on Horse Races of ODIE" dated 6 March 2012. The hearing date was 17th February 2016 but on that date the hearing was postponed for 4 October 2017 due to lawyers' strike.

The confiscation on the above land property of ODIE in Markopoulo Attica imposed in the frame of the abovementioned procedure of compulsory execution against ODIE, was reversed with the consent of Intralot on 15 December 2015 in execution of the terms of the agreement dated 24 November 2015 between Intralot and ODIE which settled the payment of all above claims of Intralot. Pursuant to this agreement, ODIE assigned to Intralot 2/3 of the rent which it will receive from the lease agreement relating to that real estate to the company "Ippodromies SA". The payment of the assigned rent amounts has already been started.

s. In Italy, the company Stanley International Betting Ltd filed a recourse before the administrative courts of Lazio against the State Autonomous Administrative Monopolies (AAMS) and eventually against all companies to which licenses for conducting betting activities have been granted, including Intralot Italia SpA, (which now belongs to the group of Gamenet SpA where Intralot group has 20% participation) requesting the annulment of the legislative decree of 2012 which provided for the granting of licenses for betting activities for three years, the annulment of the tenders conducted in 1999 and 2006 and the betting licenses granted pursuant to them for twelve and nine years respectively.

The hearing of the case was made on 5 February 2014 and the court decided to suspend the issue of the decision until the European Court of Justice responds on some preliminary queries which have been set by the court of second instance relating to a recourse of Stanley International Betting Ltd against AAMS and the companies SNAI S.p.A. and Intralot Italia S.p.A. which was rejected at the first instance and was related, among others, to the legality of the participation of Stanley International Betting Ltd to the tenders of 1999 and 2006. The second instance court (Consiglio di Stato) rejected the appeal of Stanley International Betting Ltd following a decision of the European Court which was negative for Stanley International Betting Ltd, while a second recourse of the other party is pending before the court of first instance.

t. In Italy, pursuant to a law passed in December 2014, a decision was issued by the Italian Autonomous Administration of State Monopolies (AAMS) on 15th January 2015, according to which, all companies that operate gaming machines are required to pay to the Italian Autonomous Administration of State Monopolies (AAMS) the amount of 1,2K Euro per gaming machine which was in operation on 31st December 2014. The total balance due by all the industry companies is €500 million. The amount corresponding to Intralot Gaming Machines S.p.A. (which now belongs to the group of Gamenet SpA where Intralot group has 20% participation), is approximately €13 million. Intralot Gaming Machines S.p.A., together with all the industry companies, have appealed to the competent administrative court against both the abovementioned law and the decision of AAMS, requesting the annulment thereof for being unconstitutional as well as the suspension of the execution of the law and of AAMS's decision. The request for the suspension of execution was rejected by the competent court on 1st April 2015. The case regarding the constitutionality was heard on 1st July 2015 and the decision issued requested from the parties to submit additional information. Following a new hearing on 21 October 2015, the court, on 17 November 2015, decided to suspend the issue of the decision and to refer the case before the Constitutional Court. No hearing date before the Constitutional Court has been scheduled. Intralot Gaming Machines S.p.A. has exercised the right conferred by Law to recharge almost all of that tax to the sales network.

u. A former officer of the Company filed a lawsuit before the Athens First Instance Court requesting the payment of the amount of €121.869,81 as non-paid wages. The hearing had been scheduled for 25 May 2016 when it was postponed for 4 June 2018 due to lawyers' abstention from hearings. The Legal Department of the Company considers that, following the hearing of the case, the above-mentioned lawsuit would not be successful.

v. In Poland a lawsuit was filed against the subsidiary "Totolotek Totomix SA" by a player of betting games; he claims that the amount of 861.895PLN (€199.550) which was not paid by the abovementioned subsidiary because of violation of the betting regulations by the plaintiff, is due to him. "Totolotek Totomix SA" has requested the case to be heard before the Warsaw courts (instead of the courts of the town Torun) and this application was accepted, however the plaintiff has filed a recourse requesting that the case to be heard before the courts of Torun; the decision is pending.

w. There is a dispute pending between on the one hand the subsidiary company Intralot Leasing Netherlands B.V. in its capacity as lessee and the Company in its capacity as guarantor and on the other hand the company Econocom Nederland B.V. with respect to a sale and leaseback of equipment agreement dated 28 March 2013 and more specifically in relation to a claim of Econocom Nederland B.V. for further payments to it. As per the agreement's terms, a stand-by letter of credit issued by the French bank Societe Generale in the amount of €5mil. had been delivered to Econocom Nederland B.V. The Company requested from the competent French court in Paris this stand-by letter of credit not to be called and the court issued a temporary decision restricting Societe Generale from paying any amount from the above stand-by letter of credit to Econocom Nederland B.V. until the hearing of the case, following postponement, on 17 January 2017. Additionally, the Company filed injunctions in the Netherlands against Econocom Nederland B.V. and the court accepted the respective application and prohibited Econocom Nederland B.V. to request the payment of the abovementioned letter of guarantee and of the relevant corporate guarantee, until the issue of the final judgement, ordering Econocom Nederland B.V. to pay a penalty of €10m in case of breach of the prohibition. A lawsuit will also be filed with a request to be recognized that no further amounts are due to Econocom Nederland B.V. by virtue of the above agreement.

x. Intralot Australia Pty Ltd and the State of Victoria (Australia) on 25 October 2016 agreed in the mediation process to an extra judicial settlement with the payment to Intralot Australia Pty Ltd of the amount of ten million Australian dollars (€6,8 m) in order that Intralot Australia Pty Ltd withdraws from further claims for reimbursement against the State of Victoria in the frame of the tender which resulted to the award of the Category 2 Licence for the conduct of the numerical lotteries in 2007.

Until 29/11/2016, apart from the legal issues for which a provision has been recognised, the Group Management estimates that the rest of the litigations will be finalized without a material effect on the Group's and the Company's financial position and results.

B. FISCAL YEARS UNAUDITED BY THE TAX AUTHORITIES

Ι) SUBSIDIARIES

COMPANY	YEARS	COMPANY	YEARS
INTRALOT S.A.	2012-2013	POLLOT Sp.Zoo	2011-2014
BETTING COMPANY S.A.	2010	TOTOLOTEK S.A.	2011-2015
BETTING CYPRUS LTD	2011-2015	INTRALOT SLOVAKIA SPOL. S.R.O.	2014-2015
INTRALOT AUSTRALIA PTY LTD	2012-2015	SLOVENSKE LOTERIE A.S.	2011-2015
INTRALOT GAMING SERVICES PTY	2012-2015	TORSYS S.R.O. ³	2011-2013
INTRALOT IBERIA HOLDINGS SA	2012-2015	TACTUS S.R.O. ³	2011-2014
INTRALOT JAMAICA LTD	2010-2015	NIKANTRO HOLDINGS Co LTD	2010-2015
INTRALOT TURKEY A.S.	2011-2015	LOTERIA MOLDOVEI S.A.	2014-2015
INTRALOT DE MEXICO LTD	2006-2015	INTRALOT BETTING OPERATIONS (CYPRUS) LTD	2010-2015
INTRALOT CHILE SPA	-	ROYAL HIGHGATE LTD	2008-2015
INTELTEK INTERNET AS	2011-2015	INTRALOT LEASING NEDERLAND B.V.	2013-2015
AZERINTELTEK AS	2014-2015	INTRALOT IRELAND LTD	2014-2015
INTRALOT DE PERU SAC	2013-2015	BILOT INVESTMENT LTD	-
SERVICIOS TRANSDATA S.A. ¹	2010-2013	EUROBET LTD	2013-2015
POLDIN LTD	2011-2015	EUROBET TRADING LTD	2013-2015
ATROPOS S.A.	2010-2015	ICS S.A.	2011-2015
INTRALOT SERVICES S.A.	-	TECNO ACCION URUGUAY S.A.	-
INTRALOT ADRIATIC DOO	2015	INTRALOT CYPRUS GLOBAL ASSETS LTD	2012-2015
BILYONER INTERAKTIF HIZMELTER AS GROUP	2012-2015	INTRALOT OOO	2013-2015
INTRALOT MAROC S.A.	2012-2015	INTRALOT DISTRIBUTION OOO	-
GAMING SOLUTIONS INTERNATIONAL LTDA	2011-2015	INTRALOT ST. LUCIA LTD	2008-2015
INTRALOT DE COLOMBIA (BRANCH)	2011-2015	INTRALOT GUATEMALA S.A.	2009-2015
INTRALOT INTERACTIVE S.A.	2010	LOTERIAS Y APUESTAS DE GUATEMALA S.A.	2009-2015
INTRALOT GLOBAL SECURITIES B.V.	2013-2015	INTRALOT DOMINICANA S.A.	2009-2015
INTRALOT FINANCE LUXEMBOURG S.A.	2013-2015	INTRALOT LATIN AMERICA INC	2008-2015
INTRALOT CAPITAL LUXEMBOURG S.A.	2014-2015	INTRALOT SURINAME LTD	2008-2015
INTRALOT GLOBAL HOLDINGS B.V.	2013-2015	CARIBBEAN VLT SERVICES LTD	2012-2015
	2010-2011 &
INTRALOT INC	2013-2015	INTRALOT CARIBBEAN VENTURES LTD	2010-2015
DC09 LLC	2011-2015	SUPREME VENTURES LTD	2008-2015
ILOT CAPITAL UK LTD	2015	ΙΝTRALOT HOLDINGS INTERNATIONAL LTD	2012-2015
ILOT INVESTMENT UK LTD	2015	INTRALOT INTERNATIONAL LTD	2010-2015
INTRALOT NEDERLAND B.V.	2010-2015	INTRALOT OPERATIONS LTD	2010-2015
LOTROM S.A.	2010-2015	NETMAN SRL	2011-2015
INTRALOT BEIJING Co LTD	2007-2015	BILOT EOOD	2011-2015
TECNO ACCION S.A.	2011-2015	EUROFOOTBALL LTD	2012-2015
TECNO ACCION SALTA S.A.	2015	EUROFOOTBALL PRINT LTD	2011-2015
MALTCO LOTTERIES LTD	2004-2015	INTRALOT TECHNOLOGIES LTD	2010-2015
INTRALOT NEW ZEALAND LTD	2010-2015	INTRALOT LOTTERIES LTD	2011-2015
INTRALOT DO BRAZIL LTDA	2011-2015	INTRALOT INVESTMENTS LTD	2012-2015
INTRALOT MINAS GERAIS LTDA ²	2011-2012	INTRALOT BUSINESS DEVELOPMENT LTD	2011-2015
OLTP LTDA	2011-2015	GAMING SOLUTIONS INTERNATIONAL SAC	2011-2015
INTRALOT ARGENTINA S.A.	2011-2015	NAFIROL S.A.	-
INTRALOT GERMANY GMBH	2012-2015	LEBANESE GAMES S.A.L	-
INTRALOT SOUTH KOREA S.A.	2007-2015	INTRALOT HONG KONG HOLDINGS LTD	2015
INTRALOT FINANCE UK LTD	2015	ENTERGAMING LTD	-
INTRALOT ASIA PACIFIC LTD	-	INTRALOT BETTING OPERATIONS RUSSIA LTD	2011-2015
WHITE EAGLE INVESTMENTS LTD	2014-2015	FAVORIT BOOKMAKERS OFFICE OOO	2013-2015
BETA RIAL Sp.Zoo	2011-2015

¹ The subsidiary company Servicios Transdata SA has merged with Intralot De Peru SAC

² The subsidiary company Intralot Minas Gerais Ltda has merged with Intralot Do Brazil Ltda

³ The subsidiary companies Torsys SRO and Tactus SRO have merged with Slovenske Loterie AS

The tax audits were completed in Pollot Sp. Zoo for the year 2015, in Eurofootball LTD for the period 2010-2011 and in Intralot New Zealand Ltd it was conducted and completed the examination of tax returns as for risk of taxation of intellectual property rights for the period 2014-2016. No charge from

conducting tax audit was revealed in companies Pollot Sp. Zoo and Intralot New Zealand Ltd while in Εurofootball LTD was imposed an interest of late payment amounting to €2 thousand.

Tax audits are in progress in Royal Highgate LTD for the period 2008-2012, for the period 2010-2012 in Intralot Jamaica LTD, for the period 2013-2014 in Intralot de Peru SAC, , for the period 2013-2014 in Bilyoner Interaktif Hiizmelter AS, for the period 2008-2014 in Supreme Ventures LTD, for the period January 2014 to April 2016 in AzerInteltek AS, for the period 2014-2015 in Tecno Accion, for the year 2014 in Gamenet Entertainment Srl, for the period 2012-2015 in Intralot Maroc, for the year 2015 in Intralot INC as well as for the year 2013 in the field of VAT in Intralot Leasing Nederland BV.

In Servicios Transdata S.A the tax audit for income tax has been completed during the year 2014, for the year 2008 and for the VAT for the period 1/1/2008-30/6/2009 imposing additional taxes and fines amounting to €3,4 million. The company has launched an objection procedure in accordance with the relevant legislation to cancel the imposed taxes and fines. The company's legal consultants believe that the most possible outcome of the case will be positive. In Lotrom S.A. it has begun an audit by local tax authorities with respect to economic activities for transactions subject to VAT for the period 2004-2014.

Moreover, in Intralot SA during the tax audit for the year 2011, were imposed taxes on accounting differences plus surcharges amounting to €3,9 million. The Company lodged an administrative appeal against the relevant control sheets resulting in a reduction of taxes of €3,34 million. The Company filed new appeals to the Greek Administrative Courts. The company's management and its legal advisors estimate that the appeals will thrive finally for the most part. The Company has formed sufficient provisions and has paid the whole amount of taxes. Also, there is an ongoing partial tax audit/review for the years 2007 & 2008, while it has been notified by the competent tax authorities and a command of regular tax audit for the year 2012. In companies Intralot Interactive SA, Betting Company SA, Intralot SA as well as in Intralot Services the audit for the tax certificate was completed for the year 2015. No charge from the conducted tax audit was revealed in the above mentioned companies.

ΙΙ) ASSOCIATE COMPANIES & JOINT VENTURES

COMPANY	PERIODS	COMPANY	PERIODS
LOTRICH INFORMATION Co LTD	2015	INTRALOT GAMING MACHINES S.p.A.	2012-2015
INTRALOT SOUTH AFRICA LTD	2014-2015	INTRALOT ITALIA S.p.A	2011-2015
GOREWARD LTD	2015	VENETA SERVIZI S.R.L.	2011-2015
PRECIOUS SUCCESS LTD GROUP	2013-2015	GAMENET ENTERTAINMENT S.R.L.	2011-2015
GAIN ADVANCE GROUP LTD	-	GAMECITY S.R.L.	2011-2015
KTEMS HOLDINGS CO LTD	-	GAMENET SCOMMESSE S.p.A.	2011-2015
OASIS RICH INTERNATIONAL LTD	2015	GAMENET RENTING S.R.L.	2011-2015
WUSHENG COMPUTER TECHNOLOGY (SHANGHAI) CO LTD	2015	GAMENET FORMAZIONE S.R.L.	2011-2015
BIT8 LTD	-	GNETWORK S.R.L.	2011-2015
SWITCH IT NV	-	VERVE S.p.A.	2011-2015
UNICLIC LTD	2004-2015	BILLIONS ITALIA S.R.L.	2011-2015
DOWA LTD	2004-2015	JOLLY VIDEOGIOCHI S.R.L.	2011-2015
GAMENET GROUP S.p.A.	2015	NEW MATIC S.R.L.	2011-2015
GAMENET S.p.A.	2011-2015	AGESOFT S.R.L.	2011-2015
INTRALOT HOLDING & SERVICES S.p.A.	2011-2015

In Intralot South Africa LTD a tax audit is in progress for the year 2014 while the tax audit was completed in Lotrich Information Co Ltd for the year 2014.

C. COMMITMENTS

(i) Operating lease payment commitments:

On the 30th of September 2016 within the Group there have been various operating lease agreements relating to rental of buildings and motor vehicles. Rental costs have been included in the income statement for the period ended on September 30, 2016.

Future minimum lease payments of non-cancelable lease contracts as at September 30, 2016 are as follows:

	GROUP		COMPANY
	30/9/2016	31/12/2015	30/9/2016	31/12/2015
Within 1 year	8.190	9.192	878	939
Between 2 and 5 years	11.687	15.826	1.702	1.862
Over 5 years	2.619	2.902	942	1.180
Total	22.496	27.920	3.522	3.981

(ii) Guarantees:

The Company and the Group on September 30, 2016 had the following contingent liabilities from guarantees for:

		GROUP	COMPANY
	30/9/2016	31/12/2015	30/9/2016	31/12/2015
Bid	1.347	919	3	919
Performance	238.539	238.918	83.396	73.397
Financing	40.223	50.253	39.199	42.181
Total	280.109	290.090	122.598	116.497

GROUP
	31/12/2015
	290.090
	0
	290.090
	30/9/2016 236.679 43.430 280.109

	COMPANY
	30/9/2016	31/12/2015
Guarantees issued by the parent:
- third party on behalf of subsidiaries	75.731	113.060
- third party on behalf of affiliates	43.430	0
- third party on behalf of the parent	3.437	3.437
Total	122.598	116.497

(iii) Financial lease payment commitments:

GROUP	Minimum of the lease payments 30/9/2016	Present value of the minimum lease payments 30/9/2016	Minimum of the lease payments 31/12/2015	Present value of the minimum lease payments 31/12/2015
Within one year	1.950	1.846	7.124	6.815
After one year but not more than
five years	785	754	2.059	1.966
After more than five years	0	0	0	0
Minus: Interest	-135	0	-402	0
Total	2.600	2.600	8.781	8.781

The Company has no obligations under finance leases.

2.21 COMPARABLE FIGURES

In the data presented in the previous year were limited size adjustments / reclassifications for comparative purposes, without significant impact on equity, turnover and profit after tax for the previous year the Group and the Company.

2.22 SUBSEQUENT EVENTS

On October 2016 INTRALOT signed a cooperation agreement with FIFA's subsidiary, Early Warning System (EWS), actively participating in the initiative of the Federation to protect the integrity of football. The two parties have agreed to exchange information on irregular and suspicious betting activities through a communication platform so as to prevent and detect attempted manipulation in football.

On November 24, 2016, INTRALOT and Amelco signed a binding MoU. This move initiates a strategic partnership between the two companies. The partnership will combine in a single solution from both INTRALOT's strong retail expertise along with Amelco's state of the art online betting platform which is currently used by numerous leading sports betting operators around the world. This is expected to provide INTRALOT's sports betting product a significant boost in all of its betting operations, both B2C and B2B. The Definitive Agreement between the two parties is expected to be finalized within 1Q17.

Maroussi, November 30, 2016

THE CHAIRMAN OF THE BOARD OF DIRECTORS THE GROUP CEO

S.P. KOKKALIS ID. No. AΙ 091040

A.I. KERASTARIS ID. No. AI 682788

THE GROUP CFO THE GROUP ACCOUNTING DIRECTOR

G. SP. KOLIASTASIS ID No. Σ 699882

Ν. G.PAVLAKIS ID.No. AZ 012557 H.E.C. License No. 15230/ A' Class

3. Figures and Information for the period January 1, 2016 until September 30, 2016

STATEMENT OF FINANCIAL POSITION GROUP / COMPANY COMPANY GROUP						CASH FLOW STATEMENT GROUP / COMPANY (total operations) COMPANY GROUP
		30/9/2016 31/12/2015		30/9/2016	31/12/2015					$1/1 - 30/9/2016$	$1/1 - 30/9/2015$	$\frac{1/1}{30/9/2016}$	$\frac{1/1}{30/9/2015}$
ASSETS		130,906	166,445	17.638	17.338	Operating Activities	Onlit/(loss) before Taxation (continuing operations) Profit/(loss) before Taxation (discontinued operations)			17,794	30.791	$-8.521$	$-6.661$
Tangible Assets Investment Property Intangible Assets		5.061 337.479	5.805 328.827	83.798	83.144	Plus/Less				37.719	$-12.805$
Other Non-Current Assets entories		211.085	146,288 42.591	184,907 24.924	175.737 24.064	Jepreciation and Amortization				68,740	71,910 3.411	8.575	6.758 6.779
Trade Receivables		38.700 466.531	123.060 356.281	54.129 78.909	63.169 99.782	Interest and similar expenses	tesults(income, expenses, gain and loss)from Investing Activities			2.913 55.929	639 51.857	$-1.800$ $-10.843$ 14.510	$-16.890$ 20.357
Other Current Assets Assets held for sale TOTAL ASSETS		29.463 1.308.650	1.169.297	444.305	463.234	nterest and similar income	Plus/Less adjustments of working capital to net cash or related to			$-8.105$	$-11.339$	$-2.073$	$-2.623$
						operating activities:				1.602	837	$-860$	4.909
EQUITY AND LIABILITIES share Capita		47.689	47.689	47.689	47.689	Decrease/(increase) of Inventories	ecrease/(increase) of Receivable Accounts			$-3.271$	$-22.993$	8.128	7.830
Other Equity Elements Shareholders Equity (a)		76.959 124.648	81.874 129.563	45.168 92.857	52.569 100.258	$055$ :	Decrease)/Increase of Payable Accounts (except Banks)			4.566	$-24.669$	$-724$	$-51.377$
Non-Controlling Interest (b) Total Shareholders Equity (c)=(a)+(b)		64.501 189,149	77,819 207,382	92.857	100.258	ncome Tax Paid	Total inflows / (outflows) from Operating Activities (a)			19.413 121.142	22.799 64.840	$\alpha$ 6.392	$-30.918$
Long-term Debt		706.264	718.060	238.683	280.673		Investing Activities (Purchases)/Sales of subsidiaries, associates, joint ventures and other			$-32.677$	2.798	1.245	$-203$
Provisions / Other Long term Liabilities Short-term Debt		43.566 220.331	48.772 36.180	14,402 32.072	14,777	vestments	urchases of tangible and intangible assets			$-47.150$	$-55.463$	$-9.529$	$-15.040$
Other Short-term Liabilities Jabilities directly related to assets held for sale		136.771 12,569	158.903	66.291	66.168	nterest received	roceeds from sales of tangible and intangible assets			2.504 5.930	1.751 10.559	1.165	585
Total Liabilities (d) TOTAL EQUITY AND LIABILITIES (c)+(d)		1.119.501 1.308.650	961.915 1.169.297	351.448 444.305	362.976 463.234	lividends received	Total inflows / (outflows) from Investing Activities (b)			1.011 $-70.382$	1.874 $-38.481$	9.272 2.160	13.856 $-802$
						Financing Activities				$-3.357$	$\overline{0}$		$\bf{0}$
						ubsidiary's capital return reasury shares repurchase				$-495$		$-495$	$\Omega$
	STATEMENT OF CHANGES IN EQUITY GROUP / COMPANY	GROUP		COMPANY		Cash inflows from loans Repayment of loans				287.750 $-107.142$	46.395 $-38.486$	10.000 $-32.124$	289.604 $-227.806$
		30/9/2016	30/9/2015	30/9/2016	30/9/2015	sond buy backs	Repayment of finance lease obligations			$-3.742$ $-6.294$	$-41.352$ $-8.667$		0
Net equity at the beginning of the period (1/1/2016 and 1/1/2015 respectively)		207.382	317.539	100.258	103.683	lividends paid	nterest and similar expenses paid			$-53.346$ $-37,498$	53.935 $-55.941$	$-4.180$	$-17.496$
Effect on retained earnings from previous years adjustments Total comprehensive income / (expenses) for the year after tax (continuing		5	$-3$	$\circ$	$-18$		Total inflows/(outflows)from Financing Activities (c) Net increase/(decrease) in cash and cash equivalents for the period			75.876	$-151.986$	$-26.799$	44.302
and discontinued operations) Dividends to equity holders of parent / non-controlling interest		21.757 $-38.902$	$-28.877$ $-58.355$	$-6.906$	$-8.206$	$(a)+(b)+(c)$				126.636 276.609	$-125.627$ 416.925	$-18.247$ 35.859	12.582
Subsidiary share capital return		$-3.357$		$^{\circ}$		Net foreign exchange difference	ash and cash equivalents at the beginning of the period			$-4.952$	$-18.983$	781	7.875 $-1.187$
New consolidated entities Effect due to change in participation percentage		2.759 $\Omega$	$-4.601$	$\Omega$		operations	Cash and cash equivalents at the end of the period from total			398.293	272.315	18.393	19.270
ury shares repurch Net Equity of the period Closing Balance (30/9/2016 and 30/9/2015		$-495$ 189.149	225.703	49 1 92.857	95.459	discontinued operations	ess: Cash and cash equivalents at the end of the period from			$-5.503$	$\theta$	$\theta$	$\bf{0}$
						operations	Cash and cash equivalents at the end of the period from continuing			392.790	272.315	18.393	19.270
				GROUP		INCOME STATEMENT GROUP / COMPANY		COMPANY
	Sale Proceeds		957.492	1/1-30/9/2016 1/1-30/9/2015 1/7-30/9/2016 894.964	320.620	1/7-30/9/2015 276.02	1/1-30/9/2016 1/1-30/9/2015 1/7-30/9/2016 1/7-30/9/2015 47.285	52.794	18.194	13.445
	Less: Cost of Sales		$-789.190$ 168,302	$-726.797$	$-271.516$	$-223.976$	$-35.043$	$-32.471$ 20,323	$-15.710$ 2.484	$-6.489$ 6.956
	Gross Profit / (Loss) Other Operating Income		14.340	168,167 17.021	49.104 4.130	52.051 4.63	12.242 14.504	33.951	57	$-1.125$
	Selling Expenses Administrative Expenses		$-39.893$ $-64.196$ $-4.131$	$-37.336$ $-66.614$	$-12.479$ $-21.792$	$-10.004$ $-21.01$	$-7.565$ $-9.600$ $-4.076$	$-5.994$ $-8.487$	$-2.301$ $-3.102$	$-2.141$ $-2.230$
	Research and Development Expenses Other Operating Expenses		$-1.690$	$-5.266$ $-3.807$	$-1.435$ $-314$	$-914$ $-335$	$-12.355$	$-5.210$ $-4.188$	$-1.413$ $-29$	$-895$ $-40$
	EBIT		72.732	72.165	17.214	24.417	$-6.850$	30.395	$-4.304$	525
	Income/(expenses) from participations and investments		$-2.050$	$-68$	$-692$	$-87($	10.829	$-19.918$	1.231	-5
	Gain/(loss) from assets disposal, impairment loss and write-off of assets		$-1.797$	181	$-25$	$-67$	5	$\mathbf{1}$	$\overline{0}$	$\mathbf{1}$
	Interest and similar expenses		$-54.848$	$-51.258$	$-20.725$	$-16.502$	$-14.510$	$-20.357$	$-4.867$	$-5.958$
	Interest and related income Exchange differences		7.956 $-1.596$	11.252 1.316	1.721 1.550	3.420 $-4.457$	2.073 $-68$	2.623 595	433 384	$-2.229$
	Profit / (Loss) from equity method Profit / (Loss) before tax from continuing		$-2.603$	$-2.797$	$-830$	$-860$	$\Omega$	$\Omega$	$\Omega$	$\Omega$
	operation: Tax		17.794 $-21.712$	30.791 $-33.675$	$-1.787$ $-6.397$	5.07 $-8.30$	$-8.521$ 1.589	$-6.661$ $-1.538$	$-7.123$ 250	$-6.990$ $-926$
	Net Profit / (Loss) after tax from continuing		$-3.918$	$-2.884$	$-8.184$	$-3.231$	$-6.932$	$-8.199$	$-6.873$	$-7.916$
	operations Net Profit / (Loss) after tax from		36.325	$-13.744$	1.037	$-5.435$	$\bf{o}$	$\bf{o}$	$\pmb{0}$	$\bf{0}$
	discontinued operations
	Net Profit / (Loss) after tax (continuing and discontinued operations) (A)		32.407	$-16.628$	$-7.147$	$-8.666$	$-6.932$	$-8.199$	$-6.873$	$-7.916$
	Attributable to: - Equity holders of parent		1.807	$-50.424$	$-17.587$	$-19.43$	$-6.932$	$-8.199$	$-6.873$	$-7.916$
	Non-Controlling Interest Other comprehensive income / (expenses),		30.600 $-10.650$	33.796 $-12.249$	10.440 $-5.614$	10.76 $-19.550$	26	$\Omega$ $-7$	94	$-8$
	after tax (B)
	Total comprehensive income / (expenses) after tax (A) + (B)		21.757	$-28.877$	$-12.761$	$-28.216$	$-6.906$	$-8.206$	$-6,779$	$-7.924$
	Attributable to: Equity holders of parent		$-4.407$	$-57.910$	$-21.581$	$-34.584$	$-6.906$	$-8.206$	$-6,779$	$-7,924$
	Non-Controllis Earnings / (loss) after tax per share (in		26.164	29.033	8.820	6.368
	curo) Basic		0,0114	$-0,3182$	$-0,1111$	$-0,1220$	$-0,0438$	$-0.0517$	$-0,0434$	$-0,0499$
	Diluted EBITDA		0,0114 123.944	$-0,3182$ 121.038	$-0,1111$ 35.044	$-0,1226$ 40.87	$-0,0438$ 1.725	$-0,0517$ 37.153	$-0,0434$ $-1.075$	$-0,0499$ 2.875
	Proposed dividend per share (in €)		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
						Supplementary information:
1. The same accounting polois have been followed as the year end considered framed statements 11/12/2015 except for the changes resulting frame accounting in a receive frame of the security in the commission of the conside
2. The companies included in the consolidation of 30/9/2016 and not in the consolidation of 30/9/2015 due to subsequent acquisition/establishment are the following: Bilot Investment
Lut, Excelent Transfer Ending Ud, Etc. Exc., Ending Comment Comment (State Comment Commental Comment Comment Comment Comment Comment Comment Comment Comment Comment Comment Comment Comment Comment Comment Comment Comment C
215A of Intern fancial stremmet). Max, alima the form samen of 2015 as Goup kounted an additional street and a street and street and street and streated and the street of the street of street and street and streated in the
210A at mark market and the same of the same of the same of the same control in the control of the same of the same of the same of the same of the same of the same of the same of the same of the same of the same of the sam
un. of the basis of the NRAOT Goog (whether a specified), and the streament of the statement of the SAS and West SA, Indian International SA, Incidents and the specific statement of the SAS and West SAC and West Save
warmous and the second and the control of the control of the control of the control of the SODO AWPs and more than 60 directly owned and managed gaming hals. Snc 13. Significant events after the end of the reporting period
31/3/2016 the above activities of the Group in Italy were classified as assets held for sale and discontinued operations (note 2.19.A.VIII.A of interim financial statements). Since 30/06/2016, the Group consolidates 20% of the combined activity (Gamenet Group SpA) with the equity method.							4. Transactions (including income, expenses, receivables, payables) with related parties, are as follows:
4. On 26/5/2016 the Group announced that it has reached an agreement with Nexus Group to sell 80% of Intralot de Peru S.A.C its 100% owned subsidiary in Peru. After the completic											GROUP	COMPANY
of the transaction on 24/11/2016 the Group will continue to be the company's technological provider and will hold a 20% participation in Intralot de Peru S.A.C.'s share capital while NG a) Income Entertainment Peru S.A.C. the 80%. Intralot de Peru S.A.C. operates numerical games and sports betting in the country through a network of 3.700 POS and the Internet. The agreement							from subsidiaries					31.272
is in line with Intralot Group's strategy to create, in selected countries, strategic partnerships with strong local partners that offer substantial synergies and local market know-how, strengthening the development of the							from associates				1.820	1.57
2.19.A.VIII.8 of interim financial statements) The consideration price amounted to USD 68,7 million and was paid in November 2016. The result of the transaction will be reported in the D) Expenses							from other related parties				4.065	3.820
financial statements for the fourth quarter of 2016.							to subsidiaries to associates				$-207$	16.00 $-30.$
5. On April 2016, the Group announced the acquisition of a strategic stake in Eurobet Ltd a leading gaming company in Bulgaria. The Group acquired a 49% stake in Eurobet, a compan that offers to the Bulgarian market numerical games and scratch tickets through a network of 1,100 points of sales countrywide. The Group already has strong presence in the country as							-to other related partie c) Receivables -from subsidiaries				7.124	5.87
49% owner of Eurofootball Ltd, offering Fixed Odds and Live Betting through a network of 850 shops, since 2002. The cost of the transaction amounts to € 19.5 million and will be paid as follows: € 5,85 million deposit and the remaining amount in installments over an 18 months period. The EV / Ebitda ratio for the acquisition of the shares amounted to approximately 5x.							from associates				$\Omega$ 15.006	72.176 5.87
The acquisition was completed in early July 2016, after approval by the Competition Protection Commission. The Eurobet Group (Eurobet Ltd, Eurobet Trading Ltd & ICS SA) will be							from other related parties d) Pavables				14.150	9,81
consolidated from July 2016 with the full consolidation method.							to subsidiaries to associates				751	299.53
6. The Group's provisions at 30/09/2016 that refer to legal issues amount to €5,0 million, those referring to unaudited tax periods and tax audit expenses amount to €4,3 million and €6,1 million refer to other provisions. The respective amounts for the Company amount to €5,0 million (legal issues), €3,9 million (provisions for unaudited tax years and tax audit a) BoD and Key Management Personnel tran							to other related parties				31.977 7.721	16.42 3,43
expenses) and €0,1 million (other provisions) (note 2.19.C & 2.20 of interim financial statements).							BoD and Key Management Personnel receivables g) BoD and Key Management Personnel payables				192
						Maroussi, November 30,2016
THE CHAIRMAN OF THE BOARD OF DIRECTORS				THE GROUP CHIEF EXECUTIVE OFFICER				THE GROUP CHIEF FINANCIAL OFFICER				THE GROUP ACCOUNTING DIRECTOR
S. P. KOKKALIS ID. No. AI 091040				A. I. KERASTARIS ID. No. AI 68278				G. SP. KOLIASTASIS ID. No. Σ 69988.				N.G. PAVLAKIS ID. No. AZ 012557 H.E.C. License