If you cant beat them - join them!!!!

[Dutchy]

Dear Investor,

On behalf of the Directors, it gives me great pleasure to provide you with the opportunity to become a shareholder in Centrebet.

Centrebet is an on-line wagering and gaming company formed from the merger, in October 2003, of two of the pioneers in the Australian on-line wagering and gaming market, Centrebet Pty Limited (then a subsidiary of Jupiters Limited) and SportOdds, owned by the Current Shareholders. Centrebet has been conducting wagering and bookmaking businesses since obtaining the first sports bookmaking license in Australia in 1992. In 1996, it became one of the first licensed bookmakers in the world, to offer on-line sports wagering.

Following the integration of the businesses of Centrebet Pty Limited and SportOdds and their related infrastructure, Centrebet is focused on delivering growth through a range of strategies including expanding its recently launched on-line casino and poker products, entering new geographic markets, commencing the Centrebet Affiliate programme, launching Centrebet’s mobile phone betting product and “white labelling” initiatives.

With a client base of over 60,000 Active Customers, the Group has become a leading on-line wagering and gaming company with a strong international presence, deriving 46% of its Turnover from outside of the Australasian region.

The global interactive wagering and gaming market has experienced strong growth in recent years that is forecast to continue. Centrebet is well placed to capitalise on this growth, with its experienced management team, strong brand name, bookmaking expertise, diversified and growing international customer base and broad product offering.

Under this Prospectus, Centrebet and the Current Shareholders are offering 35.11 million Shares, representing approximately 40% of the Shares of Centrebet following the Offer. Upon listing, Centrebet will have a market capitalisation of approximately $174 million. In addition to allowing the Current Shareholders to sell a minority portion of their investment in Centrebet, the proceeds of the Offer will be used to pay down existing Group debt and position the Company for future growth.

This Prospectus contains detailed information about Centrebet. I encourage you to read it carefully and in its entirety before making your investment decision.

On behalf of my fellow Directors, I look forward to welcoming you as a shareholder in Centrebet.

Yours sincerely



Graham Kelly
Chairman

[Dutchy]

Going to seriously look at this as a good investment....bit like the Oil companies Ive got shares in, while petrol prices have gone up 30% the shares have gone up over 100%!!!

If you bet and invest with Centrebet...you win and lose literally!!!

[mal]

HMN. share and share alike.