First day of dealings

First day of dealings

Fairground Gaming Holdings plc
Placing and admission to trading on AIM

first-day-tradingFairground Gaming Holdings plc (“Fairground Gaming”), a newly-established investment company in the online gaming sector, today announces the commencement of trading in its Ordinary Shares on AIM, the market operated by the London Stock Exchange Plc, (“Admission”), under the EPIC symbol FGH.L. Daniel Stewart & Company Plc is acting as Nominated Adviser and Broker.

Placing statistics
• Placing Price per Ordinary Share – 50p
• Number of Placing Shares to be issued – 7,610,000
• Number of Ordinary Shares in issue immediately following the Placing
and Admission – 21,335,000
• Gross proceeds of the Placing – £3.8 million
• Available cash resources upon Admission – in excess of £8 million
• Market Capitalisation on Admission – £10.7 million

The Directors will use the proceeds of the Placing to provide Fairground Gaming
with acquisition currency for future corporate activity, to meet the expenses of
the Admission and Placing and to provide working capital for Fairground Gaming.
The Directors believe that Admission will assist in raising the public profile
of Fairground Gaming and in future fundraisings.

Business strategy
Fairground Gaming intends to build a broad-based, diversified gaming portfolio
by acquisition and thereafter by organic growth by:

• acting as a consolidator of the fragmented online gaming sector;
• using the extensive sector and technology contacts of its directors
to acquire majority interests in a portfolio of synergistic, cash-generative
online gaming businesses;
• targeting smaller companies in areas such as online casinos, poker,
bingo and skill-based gaming;
• working with Microgaming, the leading provider of software to online
casinos, to identify opportunities and to develop acquired businesses.

Board of Directors and Adviser
Evan Hoff (35yrs), Executive Director, co-founded and served as co-CEO of
ForwardSLASH from 1997 to 2000 which was responsible for launching and
maintaining some of the world’s largest online casinos. From the end of 2000 to
2002, he was the senior executive of Ludus Online, a company involved in the
online gaming sector. Since 2003, he has served as co-CEO of Quest Limited, a
London-based security and intelligence consultancy.

Richard Akitt (47yrs), Executive Director, was a co founder and director of
WebTech Software Limited, which was sold to Marlborough Stirling Plc in 2000.
Formerly, he held positions as both Financial Director and Commercial Director
of several local Isle of Man and International companies.

Jonathan Morley-Kirk (44yrs), Non-Executive Director, is a chartered accountant
and a non-executive director of Cardinal Resources plc and Shield Capital plc,
both of which are traded on AIM. He is currently chairman of Fox-Davis Capital

John Webster (58yrs), Non-Executive Director, is a director of NETELLER plc,
Conister Trust plc and the Isle of Man subsidiaries of a number of international
companies. Currently Deputy Chairman of the Isle of Man Financial Supervision
Commission, he was formerly President of the Isle of Man Chamber of Commerce and
Economic Adviser to the Isle of Man Government.

Michael Hirst OBE, Adviser, currently the chairman of eCOGRA, the online gaming
industry’s regulatory and player assurance body, is a former board member of
Ladbroke Plc and former Chairman & CEO of Hilton International.

Evan Hoff, Director of Fairground Gaming said:

“We see many positive opportunities for consolidation in the smaller end of the
fragmented online gaming sector and today’s listing gives us the right public
profile and platform from which to rapidly grow our business through