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Opening of the online gambling market in France Philippe Germond Chairman & CEO

Explore PMU's success as the top horse racing betting company in Europe, with insights into the opening of the French online betting market, strategic growth initiatives, and future prospects shared at the 44th International Conference of Horseracing Authorities on October 4, 2010.

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Opening of the online gambling market in France Philippe Germond Chairman & CEO

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  1. Opening of the online gambling market in FrancePhilippe GermondChairman & CEO 44th International Conference of Horseracing Authorities October 4, 2010

  2. PMU: a major actor facing the opening of its online market • 1st pari-mutuel company in Europe and 2nd in the world • € 9.3 billion turnover in 2009 (+0,4 %) • 27 % of the total betting and gambling market in France • € 731 million net profit paid to Horseracing Associations (2009) • , the first betting website in France • € 661 million turnover in 2009 (+22 % VS 2008) • Available on Mobile phone, iPhone, iPad (soon) • Other key figures : • 6.5 million customers • more than 2 billion bets registered a year • 11,000 betting outlets 44th International Conference of Horseracing Authorities – october 4, 2010| 2

  3. Opening of the French online market 44th International Conference of Horseracing Authorities – october 4, 2010| 3

  4. Main features of the law voted the 13th of May An opening of the online betting and gambling market (horse racing betting, sports betting and poker) : Pari mutuel only for horse racing betting Levy on horse racing bets in order to fund the French equine sector (7,5% to 9%) 7,5% tax on horse racing and sports betting, 2% on poker Licences required for any on-line gambling company operating in France A strong regulation with a new independent authority, ARJEL: - Regulate the online gambling market Fight against illegal operators PMU activity Monopoly maintened in outlets Continuation of parimutuel betting on horseracing (offline and online) Ability given to PMU to diversify its business activity 44th International Conference of Horseracing Authorities – october 4, 2010| 4

  5. Overview of the new French market  Mid September: 30 operators received 40 licences: 21 poker licences 12 sports betting licences 7 horseracing betting licences PMU is the only operator with Betclic and SPS which offers the three legal offers on its website 44th International Conference of Horseracing Authorities – october 4, 2010| 5

  6. In 2010, PMU becomes a global operator 44th International Conference of Horseracing Authorities – october 4, 2010| 6

  7. Offensive strategy • Keep customers loyal to PMU • Gain new customers troughout sports betting and poker • Cross-sell between all businesses and increase customer value • Defend horse racing betting • Secure horse racing funding 44th International Conference of Horseracing Authorities – october 4, 2010| 7

  8. Offensive strategy • Maintain the growth of horse racing betting • More than 1000 meetings (+ 10%) in 2010 • Strong internet growth • Intensive development of the offline network (11.000 outlets, + 3 %) • Become a major online sports betting operator in partnership with Paddy Power • Enable customers to play online poker on pmu.fr and be considered as a global online operator 44th International Conference of Horseracing Authorities – october 4, 2010| 8

  9. PMU preliminary results 2010 Q3 • Horse racing betting: + 0,4 % YTD • Internet: + 32 % YTD (Q3: + 58 %), thanks to new businesses • Almost 500.000 customers online • Image: more than 8 of 10 people have seen and remember PMU TV ads, with a very positive impact on brand values (innovation, dynamism…) • Ability to face competition 44th International Conference of Horseracing Authorities – october 4, 2010| 9

  10. Future prospects 44th International Conference of Horseracing Authorities – october 4, 2010| 10

  11. PMU still has growth opportunities in France • Increasing the number of races offered to french punters • Developping PMU outlets and betting shops • Growing new online businesses : poker and sports betting 44th International Conference of Horseracing Authorities – october 4, 2010| 11

  12. Future prospects • PMU will also take advantage of its assets to develop new growth opportunities • A highly rated racing offer at the international level : • Partnerships in more than 50 countries with more than €1,2 billion bet outside France on French racing • Strong developpement, improving local Horse Racing Association funding • The largest betting pool in the world open to international cooperation : • A wide range of 9 bets, with traditional bets and exotic ones as well • Quinté +, a daily offer with a € 1 million minimum jackpot and a € 7.45 million record winning, able to compete with Lotteries’ products • Large pools ensuring steady dividends whatever the size of the bets • PMU’s international strategy • To seize development opportunities abroad, in line with historic partners and for the benefit of local horse racing sectors 44th International Conference of Horseracing Authorities – october 4, 2010| 12

  13. Thank You Click Here to watch the PMU ads 44th International Conference of Horseracing Authorities – october 4, 2010| 13

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