Holding(s) in Company

Gaming VC Holdings S.A.
18 April 2008



TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES


1.    Identity of the issuer or the underlying issuer of existing shares to which voting rights are
      attached
      GAMING VC HOLDINGS S.A.


2.    Reason for the notification (please tick the appropriate box or boxes)

      An acquisition or disposal of voting rights                                             (X )

      An acquisition or disposal of financial instruments which may result in the acquisition (   )
      of shares already issued to which voting rights are attached

      An event changing the breakdown of voting rights                                        (   )

      Other (specify):                                                                        (   )


3.   Full name of person(s) subject to the notification obligation:
     Audley Capital Management Limited


4.   Full name of shareholder(s) (if different from 3.)
     Audley European Opportunities Master Fund


5.   Date of the transaction (and date on which the threshold is crossed or reached if different):
     16/04/08


6.   Date on which issuer notified:
     18/04/08


7.   Threshold(s) that is/are crossed or reached:
     26%


8.   Notified details:


A. Voting rights attached to shares


Class/type of shares (if possible using the ISIN code)        Ordinary (LU0208436914)


  Situation previous to the           Resulting situation after the triggering transaction
   triggering transaction
Number of     Number of       Number of     Number of voting rights   % of voting rights
Shares        Voting Rights   shares
                              Direct        Direct      Indirect      Direct      Indirect
7,899,911     7,899,911       8,234,911                 8,234,911                 26.4%



B. Financial Instruments



Resulting situation after the triggering transaction
Type of financial  Expiration date   Exercise/Conversion Period Number of voting rights   % of voting
instrument                           /Date                      that may be acquired if   rights
                                                                the instrument is
                                                                exercised/converted
N/A                N/A               N/A                        N/A                       N/A



Total (A+B)
Number of voting rights                               % of voting rights
8,234,911                                             26.4%


9.   Chain of controlled undertakings through which the voting rights and/or the financial instruments are
     effectively held, if applicable:
     N/A




Proxy Voting:
10.    Name of the proxy holder:                  N/A

11.    Number of voting rights proxy holder will  N/A
       cease to hold:

12.    Date on which proxy holder will cease to   N/A
       hold voting rights:

13.    Additional information:                    N/A

14:    Contact name:                              Simon Thornton

15.    Contact telephone number:                  01481 737600




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