Intralot S.A.

Quarterly Report • Dec 1, 2016

Supplementary information:

Financial Statements approval date: November 30, 2016

Web site: www.intralot.com Unqualified opinion

INCOME STATEMENT GROUP / COMPANY
			GROUP		COMPANY
	1/1-30/9/2016	1/1-30/9/2015	1/7-30/9/2016	1/7-30/9/2015	1/1-30/9/2016		1/1-30/9/2015 1/7-30/9/2016 1/7-30/9/2015
Sale Proceeds	957.492	894.964	320.620	276.027	47.285	52.794	18.194	13.445
Less: Cost of Sales	-789.190	-726.797	-271.516	-223.976	-35.043	-32.471	-15.710	-6.489
Gross Profit / (Loss)	168.302	168.167	49.104	52.051	12.242	20.323	2.484	6.956
Other Operating Income	14.340	17.021	4.130	4.633	14.504	33.951	57	-1.125
Selling Expenses	-39.893	-37.336	-12.479	-10.004	-7.565	-5.994	-2.301	-2.141
Administrative Expenses	-64.196	-66.614	-21.792	-21.014	-9.600	-8.487	-3.102	-2.230
Research and Development Expenses	-4.131	-5.266	-1.435	-914	-4.076	-5.210	-1.413	-895
Other Operating Expenses	-1.690	-3.807	-314	-335	-12.355	-4.188	-29	-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	-870	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	1	0	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	7.956	11.252	1.721	3.420	2.073	2.623	433	676
Exchange differences	-1.596	1.316	1.550	-4.457	-68	595	384	-2.229
Profit / (Loss) from equity method consolidations	-2.603	-2.797	-830	-866	0	0	0	0
Profit / (Loss) before tax from continuing operations	17.794	30.791	-1.787	5.075	-8.521	-6.661	-7.123	-6.990
Tax	-21.712	-33.675	-6.397	-8.306	1.589	-1.538	250	-926
Net Profit / (Loss) after tax from continuing operations	-3.918	-2.884	-8.184	-3.231	-6.932	-8.199	-6.873	-7.916
Net Profit / (Loss) after tax from discontinued operations	36.325	-13.744	1.037	-5.435	0	0	0	0
Net Profit / (Loss) after tax (continuing and discontinued operations) (Α)	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	-19.431	-6.932	-8.199	-6.873	-7.916
- Non-Controlling Interest	30.600	33.796	10.440	10.765	0	0	0	0
Other comprehensive income / (expenses), after tax (Β)	-10.650	-12.249	-5.614	-19.550	26	-7	94	-8
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-Controlling Interest Earnings / (loss) after tax per share (in euro)	26.164	29.033	8.820	6.368	0	0	0	0
- Basic	0,0114	-0,3182	-0,1111	-0,1226	-0,0438	-0,0517	-0,0434	-0,0499
- Diluted	0,0114	-0,3182	-0,1111	-0,1226	-0,0438	-0,0517	-0,0434	-0,0499
EBITDA	123.944	121.038	35.044	40.873	1.725	37.153	-1.075	2.875
Proposed dividend per share (in €)	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00

1. The same accounting policies have been followed as the year-end consolidated financial statements 31/12/2015 except for the changes resulting from the adoption of new or revised accounting standards and interpretations as mentioned in note 2.1.4 of the interim financial statements. 7. The number of employees of the Group at the end of the current period amounted to 5.225 (4.628 Company/subsidiaries and associates 597) and the Company 701 persons. Correspondingly on 30/9/2015 the number of employees of the Group amounted to 5.184 persons (5.067 Company/subsidiaries and associates 117) and the

Group SpA) with the equity method.

1. 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 Ltd, Eurobet Company 677 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.

			GROUP	COMPANY
	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 completion of the	a) Income
	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	-from subsidiaries	0	31.272
	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 Intralot Group's	-from associates	1.820	1.579
	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	-from other related parties	4.065	3.820
	companies. Since 30/6/2016 the above activities of the Group in Peru were classified as assets held for sale and discontinued operations (note 2.19.A.VIII.B of interim financial statements) The	b) Expenses
	consideration price amounted to USD 68,7 million and was paid in November 2016. The result of the transaction will be reported in the financial statements for the fourth quarter of 2016.	-to subsidiaries	0	16.005
		-to associates	-207	-302
	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 company that offers	-to other related parties	7.124	5.873
	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	c) Receivables
	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	-from subsidiaries	0	72.176
	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. The acquisition was completed in	-from associates	15.006	5.873
		-from other related parties	14.150	9.816
	early July 2016, after approval by the Competition Protection Commission. The Eurobet Group (Eurobet Ltd, Eurobet Trading Ltd & ICS SA) will be consolidated from July 2016 with the full	d) Payables
consolidation method.		-to subsidiaries	0	299.534
		-to associates	751	-4
	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	-to other related parties	31.977	16.426
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 expenses) and €0,1 million	e) BoD and Key Management Personnel transactions and fees	7.721	3.430
(other provisions) (note 2.19.C & 2.20 of interim financial statements).		f) BoD and Key Management Personnel receivables	310	0
		g) BoD and Key Management Personnel payables	192	0
	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
				N.G. PAVLAKIS
S. P. KOKKALIS	A. I. KERASTARIS	G. SP. KOLIASTASIS		ID. No. AZ 012557
ID. No. ΑΙ 091040	ID. No. AI 682788	ID. No. Σ 699882		H.E.C. License No. 15230/A' Class

Ltd, Eurobet Trading Ltd, ICS S.A., Intralot Chile S.p.A., Tecno Accion Uruguay S.A., Entergaming Ltd (subsidiaries), as well as Gamenet Group S.p.A., Gamenet S.p.A., Gamenet Entertainment S.r.l., Gamecity S.r.l., Gamenet Scommesse S.p.A., Gnetwork S.r.l., Billions Italia S.r.l., Jolly Videogiochi S.r.l., New Matic S.r.l., Agesoft S.r.l. (associates) (note 2.19.A of interim financial statements). Also, during the fourth quarter of 2015 the Group acquired an additional 10% of ordinary shares with voting rights in the subsidiary Intralot Inc increasing its shareholding to 100%, 8. Companies that are included in 30/9/2016 consolidated financial statements are presented in note 2.19.A.I & II of the interim financial statements including locations, group percentage ownership and consolidation method.

STATEMENT OF FINANCIAL POSITION GROUP / COMPANY					CASH FLOW STATEMENT GROUP / COMPANY (total operations)
	GROUP		COMPANY				GROUP	COMPANY
	30/9/2016	31/12/2015	30/9/2016	31/12/2015		1/1-30/9/2016 1/1-30/9/2015		1/1-30/9/2016 1/1-30/9/2015
ASSETS					Operating Activities
Tangible Assets	130.906	166.445	17.638	17.338	Profit/(loss) before Taxation (continuing operations)	17.794	30.791	-8.521	-6.661
Investment Property	5.061	5.805	0	0	Profit/(loss) before Taxation (discontinued operations)	37.719	-12.805	0	0
Intangible Assets	337.479	328.827	83.798	83.144	Plus/Less
Other Non-Current Assets	211.085	146.288	184.907	175.737	Depreciation and Amortization	68.740	71.910	8.575	6.758
Inventories	38.700	42.591	24.924	24.064	Provisions	2.913	3.411	-1.800	6.779
Trade Receivables	89.425	123.060	54.129	63.169	Results(income, expenses, gain and loss)from Investing Activities	-37.332	639	-10.843	-16.890
Other Current Assets	466.531	356.281	78.909	99.782	Interest and similar expenses	55.929	51.857	14.510	20.357
Assets held for sale	29.463	0	0	0	Interest and similar income	-8.105	-11.339	-2.073	-2.623
TOTAL ASSETS	1.308.650	1.169.297	444.305	463.234	Plus/Less adjustments of working capital to net cash or related to
					operating activities:
EQUITY AND LIABILITIES					Decrease/(increase) of Inventories	1.602	837	-860	4.909
Share Capital	47.689	47.689	47.689	47.689	Decrease/(increase) of Receivable Accounts	-3.271	-22.993	8.128	7.830
Other Equity Elements	76.959	81.874	45.168	52.569	(Decrease)/increase of Payable Accounts (except Banks)	4.566	-24.669	-724	-51.377
Shareholders Equity (a)	124.648	129.563	92.857	100.258	Less:
Non-Controlling Interest (b)	64.501	77.819	0	0	Income Tax Paid	19.413	22.799	0	0
Total Shareholders Equity (c)=(a)+(b)	189.149	207.382	92.857	100.258	Total inflows / (outflows) from Operating Activities (a)	121.142	64.840	6.392	-30.918
					Investing Activities
Long-term Debt	706.264	718.060	238.683	280.673	(Purchases)/Sales of subsidiaries, associates, joint ventures and other	-32.677	2.798	1.245	-203
Provisions / Other Long term Liabilities	43.566	48.772	14.402	14.777	investments
Short-term Debt	220.331	36.180	32.072	1.358	Purchases of tangible and intangible assets	-47.150	-55.463	-9.529	-15.040
Other Short-term Liabilities	136.771	158.903	66.291	66.168	Proceeds from sales of tangible and intangible assets	2.504	1.751	7	0
Liabilities directly related to assets held for sale	12.569	0	0	0	Interest received	5.930	10.559	1.165	585
Total Liabilities (d)	1.119.501	961.915	351.448	362.976	Dividends received	1.011	1.874	9.272	13.856
TOTAL EQUITY AND LIABILITIES (c)+(d)	1.308.650	1.169.297	444.305	463.234	Total inflows / (outflows) from Investing Activities (b)	-70.382	-38.481	2.160	-802
					Financing Activities
					Subsidiary's capital return	-3.357	0	0	0
					Treasury shares repurchase	-495	0	-495	0
STATEMENT OF CHANGES IN EQUITY GROUP / COMPANY			Cash inflows from loans	287.750	46.395	10.000	289.604
	GROUP		COMPANY		Repayment of loans	-107.142	-38.486	-32.124	-227.806
	30/9/2016	30/9/2015	30/9/2016	30/9/2015	Bond buy backs	-3.742	-41.352	0	0
					Repayment of finance lease obligations	-6.294	-8.667	0	0
Net equity at the beginning of the period (1/1/2016 and 1/1/2015					Interest and similar expenses paid	-53.346	-53.935	-4.180	-17.496
respectively)	207.382	317.539	100.258	103.683	Dividends paid	-37.498	-55.941	0	0
Effect on retained earnings from previous years adjustments	5	-3	0	-18	Total inflows/(outflows)from Financing Activities (c)	75.876	-151.986	-26.799	44.302
Total comprehensive income / (expenses) for the year after tax (continuing and					Net increase/(decrease) in cash and cash equivalents for the period
discontinued operations)	21.757	-28.877	-6.906	-8.206	(a)+(b)+(c)	126.636	-125.627	-18.247	12.582
Dividends to equity holders of parent / non-controlling interest	-38.902	-58.355	0	0	Cash and cash equivalents at the beginning of the period	276.609	416.925	35.859	7.875
Subsidiary share capital return	-3.357	0	0	0	Net foreign exchange difference	-4.952	-18.983	781	-1.187
New consolidated entities	2.759	0	0	0	Cash and cash equivalents at the end of the period from total
Effect due to change in participation percentage	0	-4.601	0	0	operations	398.293	272.315	18.393	19.270
Treasury shares repurchase					Less: Cash and cash equivalents at the end of the period from discontinued
	-495	0	-495	0	operations	-5.503	0	0	0
Net Equity of the period Closing Balance (30/9/2016 and 30/9/2015	189.149	225.703	92.857	95.459

while during the fourth quarter of 2015 the Group participated in the share capital increase of subsidiary Intralot Interactive SA, increasing its shareholding from 93,02% to 95,94%. On September 9. The fiscal years that are unaudited by the tax authorities for the Company and the Group's subsidiaries are presented in detail in the note 2.20.Β.I&II of the interim financial statements.

2016 the Group increased its participation share in associates Bit8 Ltd and Switch IT NV from 35% to 39% after exercising a relevant right. 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 in the process of liquidation. During 2016, the Group completed the liquidation and strike off of the associate company Ktems Holdings Co LTD (March 2016), and of 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. 10. The amounts of other comprehensive expense/income included directly in the Group's comprehensive income statement as at 30/9/2016 of €-10,7 million (2015: €-12,3 million) concern: foreign exchange differences of €-10,7 million (2015 : €-10,3 million), derivative valuation of €28k (2015: €0k), €-0,4 million (2015: €-2,0 million), concerns the valuation of available for sale financial assets, while ending amount €0,4 million (2015: €6k), concerns defined benefit plans revaluation. Accordingly, the

1. 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 Italian activities of the INTRALOT Group (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 transaction on 27/6/2016 and the approval of the competent Competition Authority, INTRALOT Group is envisaged to control 20% of the combined operations (Gamenet Group S.p.A. – note 2.19.Α.ΙΙ of interim financial statements), with a network of approximately 750 betting POS, that will continue to use INTRALOT's brand name, ca. 8.200 VLTs, over 50.000 AWPs and more than 60 directly owned and managed gaming halls. Since 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 amounts of expense/income recorded in the comprehensive income statement as at 30/9/2016 for the Company, amounted to €26k (2015: €-7k) refer to revaluation of available for sale financial assets €-2k (2015: €-7k) and derivatives valuation €28k (2015: €0k). 11. On 30/9/2016 the Company held 961.875 treasury shares with a total acquisition cost of €985k (note 2.14 of the interim financial statements) 12. There are no changes in accounting estimates. Certain prior year amounts have been reclassified for presentation purposes with no significant impact on the prior year equity, turnover and earnings after tax of the Group and the Company. 13. Significant events after the end of the reporting period and up to the release date of the financial results are stated in the note 2.22 of the interim financial statements.

2. Transactions (including income, expenses, receivables, payables) with related parties, are as follows:

19.270

respectively)

Cash and cash equivalents at the end of the period from continuing

operations 392.790 272.315 18.393

Amounts in €'000

INTRALOT S.A. INTEGRATED LOTTERY SYSTEMS AND SERVICES

Figures and information for the period from 1st January 2016 to 30th September 2016 Company's Number in the General Electronic Commercial Registry: 818201000 - (Public Companies (S.A.) Reg. No.: 27074/06/Β/92/9) Company Domicile: 64 Kifissias Av. & 3 Premetis Str., Maroussi 15125

The figures presented below aim to provide summary information about the financial position and results of INTRALOT S.A. and INTRALOT's Group. Therefore, it is recommended to any reader who is willing to proceed to any kind of investment decision or other transaction concerning the company, to visit the company's web site where the Financial Statements according to IFRSs are posted, accompanied by the Auditor's Review Report where appropriate.