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32Red Plc (TTR)

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Friday 13 October, 2006

32Red Plc

Strategic Update

32Red Plc
13 October 2006


32Red Plc
('the Company')


Strategic update

32Red is a UK betting and gaming brand whose success to date has been founded on
its focus and exposure to the UK. The Group will continue this approach and the
recent acquisition of Betdirect and the sponsorship of Premiership football club
Aston Villa underline our ongoing strategic positioning.

The vast majority of 32Red's business is sourced from outside the USA. However,
a limited percentage of revenue has originated from the USA on our casino and
poker platforms and the profit from this revenue stream has been immaterial in
the year to date. Betdirect, our UK focussed sports betting operation, has never
accepted bets from the USA.

Following the changes in US legislation concerning the Safe Ports Act, 32Red
will no longer accept any bets from the United States with effect from 9am,
Friday 13th October.

                                                                 13 October 2006


Enquiries

32Red Plc                                                   Tel: 00 35 049 396
Ed Ware, CEO

College Hill Associates                                     Tel: 020 7457 2020
Matthew Smallwood
Jamie Ramsay

Numis                                                       Tel: 020 7776 1592
Andrew Dawber                                              



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