ATHENS, Greece – March 23rd, 2006 – INTRALOT SA (RIC: INLr.AT, Bloomberg: INLOT GA), the leading international gaming company, today announces its financial results for the twelve-month period ending December 31st, 2005, prepared in accordance with IFRS.

Consolidated Financial Statements For The 12 Months Ended December 31st, 2005

Consolidated Revenues for the period reached €523m, posting a 66.4% increase compared to 2004. Revenues from INTRALOT’s International Subsidiaries amounted to €356.4m, a 71.0% contribution to FY05 consolidated turnover, compared to €170.0m (or 52.1%) in FY04.

EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization) increased by 52.2% to €160.0m, compared to the same period last year.

Earnings Before Taxes (EBT) recorded an increase of 51.7% y-o-y by reaching €150.5m compared to €99.2m in 2004.

Finally, Earnings After Taxes and after minorities (EAT-am) increased by 28.6% y-o-y to €69.9m from €54.4m in 2004.

The cash balance reached €157.3m in 2005, while total bank debt was €54.0m (€20.7m short-term and €33.4m long-term), shaping the net cash position at €103,3m.

Commenting on 12-month 2005 results INTRALOT’s CEO, Constantinos Antonopoulos, noted:

“Fiscal year 2005 was very successful for our Company as we continued to deliver strong results and significant value to our shareholders, which is also evident through our proposed dividend for 2005 of €0.55 per share, increased by 15% compared to 2004. Moreover, in 2005 and the beginning of 2006 the Company undertook total debt of €83.0m, taking serious steps towards the, much awaited by investors, improvement of its capital structure, enhancing returns to shareholders.

In 2005, the company continued its global expansion through organic growth of exisiting contracts, new contracts, the acquisition of a betting company in Poland and the increase of the stake in our Turkish subsidiary. Moreover, in 2005 INTRALOT was marked as a five-continent company by undertaking projects in Africa and Oceania. Concerning domestic operations, ‘Stihima’ sales, after the measures taken for the improvement of the game, showed a strong recovery, posting in the fourth quarter of 2005 a 30% increase y-o-y.

Looking forward, 2006 and 2007 will be challenging years since important tenders for Lottery Privatization Projects and other major contracts will take place. Moreover, the World Cup in Germany is a major international sports event that will attract football fans’ attention, a very significant factor for INTRALOT’s operations in 13 countries. Finally, the development of our new series of games branded GameWareX is expected to be a very promising product in our portfolio of games.

The INTRALOT Group will continue to pursue business opportunities around the Globe and deliver value to both its customers and shareholders. The strategic development of the business, our wide portfolio of products and services and our financial performance provide a strong foundation for the years ahead.”

2. New developments/contracts

In Turkey, INTRALOT increased its stake by 20% in its Turkish Sports Betting subsidiary INTELTEK, bringing its total stake in the company to 45%. INTELTEK has the exclusive contract to manage sports Betting in the country for eight (8) years on behalf of Sportoto, the Turkish Organization for sports betting. In 2005, which is actually the first year of full operation of Betting in Turkey, the game's turnover exceeded $900 million. The expansion of the sales network, the increasing publicity of games through the media, and players' continuously increasing interest in the game are expected to enhance the penetration of Betting in the country the next years.
Loteria Moldovei, INTRALOT’s subsidiary in Moldova, awarded a new contract with MOLDCELL, mobile operator in Moldova and TUR?CELL’s affiliated company with which INTRALOT since 2003 has established a collaboration regarding its activities in Turkey. The project in Moldova initially entails the operation of LOTTO game through SMS and soon it will be broaden to other gaming applications.

INTRALOT, a public company listed on the ASE, is a leading supplier of integrated gaming and transaction processing systems, innovative game content and value added services to state-licensed gaming organizations worldwide. It’s broad portfolio of products & services, its know-how of Lottery, Betting & Video Lottery operations, its experience in sports games and its leading-edge technology, give INTRALOT a competitive advantage, which contributes directly to customers’ efficiency, profitability and growth. With 33 subsidiaries, 8 business offices and more than 2,700 people in 33 countries and revenues of €523 million for 2005, INTRALOT’s footprint straddles five continents.