The subsidiary of Olympic Entertainment Group AS Olympic Casino Bucharest SRL will acquire three casinos in Rumania

Today, i.e. on 12 April 2007, the subsidiary of Olympic Entertainment Group AS
(hereinafter OEG) Olympic Casino Bucharest SRL executed an agreement for
acquiring the assets of Rumanian casino operator Empire International Game
World (hereinafter the Agreement). 

Under the Agreement the subsidiary of OEG Olympic Casino Bucharest SRL will
acquire three casinos located in the capital of Rumania, Bucharest, belonging
to one of the most famous casino operators of Rumania, Empire International
Game World. One of the three casinos to be acquired is one of the most
luxurious casinos “Napoleon” located in the Softel hotel in the World Trade
Centre. The remaining two gambling machine casinos operate also in the centre
of Bucharest. 

The purchase price payable under the Agreement is 60.2 million kroons (3.85
million euros). Pursuant to the Agreement the purchase price will be paid in
three instalments and the closing of the transaction contemplated under the
Agreement will take place within couple of months. 

OEG and Olympic Casino Bucharest SRL will start bringing the casinos into
accordance with the standards of Olympic Casino at once and due to that the
trade mark under which the casinos operate as at today will be changed. 

Today the group of OEG operates in six markets in Estonia, Latvia, Lithuania,
Ukraine, Belarus and Rumania. In addition to that a preliminary agreement for
purchase of a casino operator has been concluded in Poland. 



Additional information:

Andri Avila
Member of the management board
Olympic Entertainment Group 
Tel + 372 667 1250
E-mail andri.avila@ocg.ee
www.olympic-casino.com