Intralot S.A.

Quarterly Report • Sep 22, 2015

accordance to International Accounting Standards are available together with the auditor's report.
Company's Name:	INTRALOT S.A.	Board of Directors: Chairman - Socrates P. Kokkalis
Public Companies (S.A.) Reg. No.: Domicile: Regulatory Authority: Date of incorporation: Core Activity: Financial Statements approval date : Web Site: Certified Auditor :	27074/06/Β/92/9 64 Kifissias Av. & 3 Premetis Str., Maroussi Ministry of Regional Development and Competitiveness (Societe Anonyme and Credit Division) 31/7/1992 Integrated Lottery Systems and Services March 29, 2011 www.intralot.com Epameinondas Gkipalis Reg. No/S.O.E.L 24051	Vice-Chairman and CEO - Constantinos G. Antonopoulos Member - Andreas V. Papoulias Member - Fotios Th. Mavroudis Member - Dimitrios Ch. Klonis Member - Dimitrios C. Chatzigrigoriadis Member - Anastasios M. Tsoufis Member - Sotirios N. Filos * Member - Petros K. Souretis
Auditor Firm: Type of Auditor's Report:	S.O.L S.A. Reg.No /S.O.E.L. 125 Unqualified	*Ιndependent non-executive directors

INTEGRATED LOTTERY SYSTEMS AND SERVICES

Amounts reported in thousands € The figures presented below aim to give summary information about the financial position and results of INTRALOT S.A. and INTRALOT Group. We, therefore , recommend to the reader before proceeding to any kind of investment decision or transaction with the company, to refer to the Company's web - site address, where the Annual Financial Statements in

Summary financial information of Group and Company for the year ended December 31, 2010 (Published in terms of article 135 of Law 2190, for Companies preparing annual consolidated and separate financial statements in accordance with IAS/IFRS )

1. STATEMENT OF FINANCIAL POSITION (GROUP and COMPANY)-Amounts in € thousand					2. TOTAL COMPREHENSIVE INCOME STATEMENT (GROUP and COMPANY)-Amounts in € thousand
		GROUP	COMPANY			GROUP		COMPANY 1/1-31/12/2010 1/1-31/12/2009
	31/12/2010		31/12/2009 31/12/2010 31/12/2009			1/1-31/12/2010 1/1-31/12/2009
ASSETS					Sale Proceeds	1.115.721	903.553	163.545	151.642
Tangible Fixed Assets	281.166	243.787	35.723	46.008	Less: Cost of Sales	-909.977	-690.183	-108.856	-110.117
Intangible Assets	263.520	205.621	35.140	20.946	Gross Profit / (Loss)	205.744	213.370	54.689	41.525
Other Non-Current Assets	173.919	147.499	156.469	165.417	Other Operating Income	26.288	19.310	210	476
Inventories	41.171	52.066	30.319	46.043	Selling Expenses	-37.396	-36.646	-7.387	-9.373
Trade accounts receivable	196.278	187.423	221.152	191.414	Administrative Expenses	-99.733	-77.363	-11.318	-12.329
Other Current Assets	141.477	219.111	16.306	40.580	Research and Development Costs	-8.069	-9.944	-5.431	-7.915
TOTAL ASSETS	1.097.531	1.055.507	495.109	510.408	Other Operating Expenses	-6.059	-6.875	-30.728	-313
					EBIT EBIT	80 775 80.775	101.852 101 852	35 35	12 071 12.071
					Interest and similar charges	-35.237	-27.898	-20.238	-16.626
LIABILITIES AND EQUITY					Interest and related income	22.466	25.265	29.294	19.110
Share Capital	47.689	47.689	47.689	47.689	Exchange differences	11.127	3.856	2.167	-36
Other Equity Elements	236.409	225.097	70.122	92.376	Profit / (Loss) from equity method consolidations	1.559	1.375	0	0
Shareholders Equity (a)	284.098	272.786	117.811	140.065	Operating Profit / (Loss) before tax	80.690	104.450	11.258	14.519
Minority Interest (b)	76.929	58.420	0	0	Less: taxes	-25.900	-27.043	-9.204	-11.802
Total Shareholders Equity (c)=(a)+(b)	361.027	331.206	117.811	140.065	Operating Profit / (Loss) after tax (A)	54.790	77.407	2.054	2.717
Long-term Debt	477.464	468.292	278.515	271.980	Attributable to:
Provisions / Other Long term Liabilities	61.196	62.828	18.604	25.355	- Owners of the parent	36.626	49.832	2.054	2.717
Short-term Debt	28.913	18.256	0	0	- Minority Interest	18.164	27.575	0	0
Other Short-term Liabilities	168.931	174.925	80.179	73.008	Other comprehensive income for the year, after tax (Β)	1.463	-17.947	-1.006	-933
Total Liabilities (d)	736.504	724.301	377.298	370.343	Total comprehensive income after of taxes (A) + (B)	56.253	59.460	1.048	1.784
TOTAL EQUITY AND LIABILITIES (c)+(d)	1.097.531	1.055.507	495.109	510.408	Attributable to:

1. STATEMENT OF FINANCIAL POSITION (GROUP and COMPANY)-Amounts in € thousand					2. TOTAL COMPREHENSIVE INCOME STATEMENT (GROUP and COMPANY)-Amounts in € thousand
		GROUP		COMPANY		GROUP		COMPANY
	31/12/2010		31/12/2009 31/12/2010 31/12/2009			1/1-31/12/2010 1/1-31/12/2009		1/1-31/12/2010 1/1-31/12/2009
ASSETS					Sale Proceeds	1.115.721	903.553	163.545	151.642
Tangible Fixed Assets	281.166	243.787	35.723	46.008	Less: Cost of Sales	-909.977	-690.183	-108.856	-110.117
Intangible Assets	263.520	205.621	35.140	20.946	Gross Profit / (Loss)	205.744	213.370	54.689	41.525
Other Non-Current Assets	173.919	147.499	156.469	165.417	Other Operating Income	26.288	19.310	210	476
Inventories	41.171	52.066	30.319	46.043	Selling Expenses	-37.396	-36.646	-7.387	-9.373
Trade accounts receivable	196.278	187.423	221.152	191.414	Administrative Expenses	-99.733	-77.363	-11.318	-12.329
Other Current Assets	141.477	219.111	16.306	40.580	Research and Development Costs	-8.069	-9.944	-5.431	-7.915
TOTAL ASSETS	1.097.531	1.055.507	495.109	510.408	Other Operating Expenses	-6.059	-6.875	-30.728	-313
					EBIT EBIT	80.775 80 775	101.852 101 852	35 35	12.071 12 071
					Interest and similar charges	-35.237	-27.898	-20.238	-16.626
LIABILITIES AND EQUITY					Interest and related income	22.466	25.265	29.294	19.110
Share Capital	47.689	47.689	47.689	47.689	Exchange differences	11.127	3.856	2.167	-36
Other Equity Elements	236.409	225.097	70.122	92.376	Profit / (Loss) from equity method consolidations	1.559	1.375	0	0
Shareholders Equity (a)	284.098	272.786	117.811	140.065	Operating Profit / (Loss) before tax	80.690	104.450	11.258	14.519
Minority Interest (b)	76.929	58.420	0	0	Less: taxes	-25.900	-27.043	-9.204	-11.802
Total Shareholders Equity (c)=(a)+(b)	361.027	331.206	117.811	140.065	Operating Profit / (Loss) after tax (A)	54.790	77.407	2.054	2.717
Long-term Debt	477.464	468.292	278.515	271.980	Attributable to:
Provisions / Other Long term Liabilities	61.196	62.828	18.604	25.355	- Owners of the parent	36.626	49.832	2.054	2.717
Short-term Debt	28.913	18.256	0	0	- Minority Interest	18.164	27.575	0	0
Other Short-term Liabilities	168.931	174.925	80.179	73.008	Other comprehensive income for the year, after tax (Β)	1.463	-17.947	-1.006	-933
Total Liabilities (d)	736.504	724.301	377.298	370.343	Total comprehensive income after of taxes (A) + (B)	56.253	59.460	1.048	1.784
TOTAL EQUITY AND LIABILITIES (c)+(d)	1.097.531	1.055.507	495.109	510.408	Attributable to:
					- Owners of the parent	33.917	31.987	1.048	1.784
3. STATEMENT OF CHANGES IN EQUITY (GROUP and COMPANY)-Amounts in € thousand					- Minority Interest	22.336	27.473	0	0
	GROUP		COMPANY		Profit / (Loss) after taxes per share (in euro)
	31/12/2010		31/12/2009 31/12/2010 31/12/2009		- basic	0,2304	0,3135	0,0129	0,0171
Net equity at the beginning of the year (01/01/2010 and 01/01/2009 respectively)	331.206	337.805	140.065	155.776	- diluted	0,2304	0,3135	0,0129	0,0171
Effect on retained earnings from previous years adjustment	1.235	-1.833	0	0	EBITDA	152.662	154.429	24.218	25.453

INTRALOT S.A.

	GROUP		COMPANY		Profit / (Loss) after taxes per share (in euro)
	31/12/2010		31/12/2009 31/12/2010 31/12/2009		- basic	0,2304	0,3135	0,0129	0,0171
Net equity at the beginning of the year (01/01/2010 and 01/01/2009 respectively)	331.206	337.805	140.065	155.776	- diluted	0,2304	0,3135	0,0129	0,0171
Effect on retained earnings from previous years adjustment	1.235	-1.833	0	0	EBITDA	152.662	154.429	24.218	25.453
New consolidated entities	25.302	996	0	0
Total comprehensive income for the year after tax (continuing and discontinuing operations)	56.253	59.460	1.048	1.784
Increase / (decrease) in share capital	594	628	0	0	Supplementary information:
Dividends Distributed	-53.286	-62.528	-23.844	-17.495	1. The same accounting policies have been followed as compared with the previous year consolidated financial statements 31/12/09 except for the changes resulting from the adoption of new or revised accounting standards and interpretations as mentioned in note 2.4 of the year-end financial
Exercise of stock option rights	542	0	542	0	statements. 2. The companies included in the consolidation of 31/12/10 and not in the consolidation of 31/12/09 due to subsequent acquisition are the following: Azerinteltek AS, Supreme Ventures Limited, Intralot Caribbean Ventures LTD, Netman SRL, Intralot de Mexico LTD, Intralot Suriname
Change of consolidation method from full consolidation to equity method	0	-597	0	0	LTD, Intralot Turkey AS, Intralot Maroc SA, DC09 LLC, Intralot France SAS and Intralot Minas Gerais LTDA. Supreme Ventures Limited has been consolidated using the equity method until 30/03/10, while from 31/03/10 with full method, as from that date onwards the requirements of IAS 27 hold. Yugobet Ltd has not been consolidated from 17/02/10 onwards as the liquidation procedure has been finalized (note 13 of the annual
Effect due to change in ownership percentage	-819	-2.725	0	0	financial statements). 3. The Group´s and the Company´s provision that refer to legal issues up to 31/12/10 amounts to € 8,9 mio. The Group's provisions amounts
Net Equity of the year Closing Balance (31/12/2010 and 31/12/2009 respectively)	361.027	331.206	117.811	140.065	stated up to 31/12/10 that refer to unaudited tax periods amount to € 960 k and the rest € 11,2 mio to other provisions. Respectively, the Company stated € 500 k for provisions for unaudited tax periods and €6,8 mio for other provisions. In the group's comprehensive income

4. CASH FLOW STATEMENT (GROUP and COMPANY)-Amounts in € thousand

financial statements). 3. The Group´s and the Company´s provision that refer to legal issues up to 31/12/10 amounts to € 8,9 mio. The Group's provisions amounts stated up to 31/12/10 that refer to unaudited tax periods amount to € 960 k and the rest € 11,2 mio to other provisions. Respectively, the Company stated € 500 k for provisions for unaudited tax periods and €6,8 mio for other provisions. In the group's comprehensive income statement an amount of € 4,3 mio is included that corresponds to a decrease in the recoverable value of tangible and intangible assets and deferred taxation. Respectively, in the company's comprehensive income statement an amount of € 30,7 mio is included that corresponds to a decrease in the recoverable value of participation in subsidiaries and receivables. 4. The personnel employed by the Company and the Group during the current period were 634 and 5.380 respectively. For the respective period of The employed by the Company and the Group during the current were 634 and 5.380 respective period the year 2009, the personnel employed by the Company and the Group were 629 and 4.824 respectively.

Amounts reported in thousands of €	Group	Company

	GROUP		COMPANY
		1/1-31/12/2010 1/1-31/12/2009 1/1-31/12/2010 1/1-31/12/2009			the year 2009, the personnel employed by the Company and the Group were 629 and 4.824 respectively.
Operating Activities					locations, group percentage ownership and consolidation method.
Net Profit before Taxation (continuing operations)	80.690	104.450	11.258	14.519	the annual financial report.
Plus/Less adjustments for:
Depreciation and Amortization	68.204	52.577	14.506	13.382
Provisions	-9.484	5.162	13.419	4.850	0,004523. year of 2010. The total charge amounted to €5,25 m. for the Group and €4,85 m. for the Company.
Exchange rate differences	4.765	352	0	0
Results from Investing Activities	-12.406	-10.653	-16.608	-15.165
Debit Interest and similar expenses	35.237	27.898	20.238	16.626
Credit Interest	-22.466	-24.744	-3.846	-3.546
Plus/Less adjustments of working capital to net cash or related to operating activities:
Decrease/(increase) of Inventories	16.015	-19.246	15.722	-5.259
Decrease/(increase) of Receivable Accounts	-43.669	-74.015	-47.069	49.034
(Decrease)/increase of Payable Accounts (except Banks)	-10.772	9.315	13.302	-1.013
Less:
Interest Paid and similar expenses paid	23.269	21.819	13.703	10.431
Income Tax Paid	23.904	16.146	11.801	261	Amounts reported in thousands of €	Group	Company
Net Cash from Operating Activities (a)	58.941	33.131	-4.582	62.736	a) Income
Investing Activities					-from subsidiaries	0	70.132
(Purchases) / Sales of subsidiaries, associates, joint ventures and other investments	6.441	-35.886	-689	-5.010	-from associates	13.083	6.903
Purchases of tangible and intangible assets	-107.573	-140.046	-14.764	-40.765	-from other related parties	9.350	5.472
Proceeds from sales of tangible and intangible assets	2.011	1.774	0	0	b) Expenses
Interest received	12.037	17.168	3.846	3.546	-to subsidiaries	0	13.344
Dividends received	0	521	15.753	15.564	-to associates	4.714	0
Net Cash from Investing Activities (b)	-87.084	-156.469	4.146	-26.665	-to other related parties	34.833	30.786
Financing Activities					c) Receivables
Cash inflows from Share Capital Increase	25	1.060	0	0	-from subsidiaries	0	167.198
Cash outflows from Share Capital Decrease	0	0	0	0	-from associates	1 847 1.847	1 963 1.963
Cash inflows from loans	64.442	133.910	0	0	-from other related parties	44.934	13.336
Repayment of loans	-53.592	-30.074	0	0	d) Payables
Repayment of Leasing Obligations	-7.086	-5.366	0	0	-to subsidiaries	0	20.069
Dividends paid	-53.280	-62.528	-23.838	-17.495	-to associates	13	13
Net Cash from Financing Activities (c)	-49.491	37.002	-23.838	-17.495	-to other related parties	42.003	29.057
Net increase / (decrease) in cash and cash equivalents for the year					e) BoD and Key Management Personnel transactions and fees	8.916	5.437
(a) + (b) + (c )	-77.634	-86.336	-24.274	18.576	f) BoD and Key Management Personnel receivables	99	0
Cash and cash equivalents at the beginning of the year	219.111	305.447	40.580	22.004	g) BoD and Key Management Personnel payables	436	214
Cash and cash equivalents at the end of the year	141.477	219.111	16.306	40.580

1. Companies that are included in 31/12/10 consolidated financial statements are presented in note 13 in the annual financial report including locations, group percentage ownership and consolidation method. 6. The fiscal years that are unaudited by the tax authorities for the Company and the Group's subsidiaries are presented in detail in note 27. B in the annual financial report.

2. The amounts of expense/income included in the Group's comprehensive income statement on 31/12/10 of €1,5 mio (2009 : € -17,9 mio) concern: foreign exchange differences of € 162 k (2009 : € -9,5 mio), derivative valuation of €-2,8 mio (2009: €-2,4 mio), while ending amount of € 4 mio (2009: €- 5,9 mio), concerns the valuation of available for sale financial assets. Accordingly, the amounts of expense/income recorded in the comprehensive income statement as at 31/12/10 for the Company, amounted to € -1 mio (2009: € -933 k) regard: revaluation of available for sale financial assets, amounted to € -65 k (2009: € 40 k) and € -941 k (2009: € -973 k) concerns valuation of derivative. 8. The Board will propose to the annual ordinary general meeting of shareholders, as per share dividend distribution for 2010 the amount of € 0,004523.

3. According to the LAW 3845/10, a special social responsibility tax was imposed on greek companies that had profit above € 100 k for the fiscal year of 2010. The total charge amounted to €5,25 m. for the Group and €4,85 m. for the Company. 9. Transactions (including income, expenses, receivables, payables) during the fiscal year 2010 with related parties, are as follows:

THE CHAIRMAN OF THE BOARD OF DIRECTORS	THE VICE-CHAIRMAN OF THE BOARD OF DIRECTORS AND CEO	THE GENERAL DIRECTOR OF FINANCE AND BUSINESS DEVELOPMENT	THE ACCOUNTING DIRECTOR
S. P. KOKKALIS	C.G. ANTONOPOULOS	I. O. PANTOLEON	N.G. PAVLAKIS
ID. No. ΑΙ 091040	ID. No.ΑΙ 025905	ID. No. Σ 637090	ID. No. AZ 012557 H.E.C. License No. 15230/A' Class

Maroussi, March 29th, 2011