Betfair Group plc is pleased to announce that it has launched a Betting Exchange in Italy, following the conclusion of an extensive testing process with the regulator ADM and SOGEI.

The Italian Exchange will operate with ring-fenced national liquidity and will be taxed at a rate of 20% on commission. It will join Betfair's current Sportsbook, Poker and Casino products on www.betfair.it.

Commenting on the launch, Betfair CEO Breon Corcoran said: We are pleased to be the first fully regulated Exchange operator in Italy and look forward to bringing the advantages of our innovative betting platform to Italian customers, including the ability to Cash Out their bets. We believe this launch marks an important step in our drive to grow sustainable revenues.

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For more information, please contact:

James Midmer
Corporate Communications
Tel: +44 20 8834 6843
james.midmer@betfair.com

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