21.09.2006 – 16:34

betbull - The European Betting Exchange Plc.

euro adhoc: Betbull plc
Joint Ventures/Cooperation/Collaboration
betbull plc signs Joint Venture deal with Grupo Orenes S.L (Spain) to pursue licensed betting opportunities in Spain.

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.

21.09.2006

betbull plc (‘betbull’)- an established Continental European retail
bookmaking group - signed yesterday a Joint Venture agreement with
Grupo Orenes (‘Orenes’) - one of the top Spanish leisure and gaming
groups - to jointly pursue licensed retail betting opportunities in
Spain.

The Joint Venture, which is a 50/50 venture of equal shareholding,
capital investment and profit share, commits both companies to
actively pursuing licence applications in all provinces of Spain as
liberalization unfolds.  The agreement will last for a minimum period
of 5 years. The rationale for the Joint Venture is to combine
betbull’s proven retail betting expertise with Orenes’ in depth
knowledge of the Spanish leisure and gaming market.

Betbull and Orenes have already agreed on a broad business plan
detailing their proposed development of retail betting throughout
Spain, using their respective know-how and expertise. Budgets and
detailed business plans will be agreed and committed to on a province
by province basis as liberalization progresses.

About the Orenes group:

Grupo Orenes (www.grupoorenes.com) is a Spanish holding company and
one of the leading operators in the leisure, hotel, catering and
gaming sectors.  It operates approximately 10,000 recreational gaming
machines, 15 bingo halls, 8 casinos, 54 gaming centres and 2 hotels
in various parts of Spain as well as in Italy and Croatia.  Orenes
holds authorisations, licences and permits to operate in the Spanish
gaming sector where it has acquired substantial expertise and know
how.  The group currently employs over 2000 employees and has been
established in the Gaming sector in Spain for over 40 years.

Simon Bold, Executive Director of betbull plc: ‘Betbull is committed
to expanding its retail outlets throughout Europe.  We feel that our
bookmaking experience combined with Orenes’ powerful gaming position
in Spain will make an unbeatable team.  The Spanish retail betting
market is immense and will embrace the concept of sports betting in
comfortable outlets that combine high level betting technology with
leisure and catering facilities. We applaud the proposed moves to
regulation and are looking forward to being a part of this exciting
time.’

- ENDS -

Contact
Catriona MacNiven, Investor Relations
Günter Schmid, CEO (upon request)
Simon Bold, COO (upon request)
Alexander Leip, Executive Director (upon request)
David De Marco, Group Finance Director (upon request)

Phone 00 34 956 777 331
Fax 00 34 956 744 554
betbull Plc ("betbull")
1 London Wall
London EC2Y5EB

This communication can be downloaded from the website
www.betbullplc.com.

About betbull Betbull has the goal to establish itself as one of the
leading Continental European retail betting groups.

The high caliber management team (Simon Bold, David DeMarco,
Alexander Leip, Günter Schmid) can resort not only to state of the
art bookmaking and operating know how but also relevant M&A expertise
and track record.

Betbull Plc is stock quoted since October 2004 on the Viennese stock
exchange ("BETB", "BETB.VI").

For further details please refer to the company website
www.betbullplc.com.

This communication contains statements about the future (prognoses).
Those statements are based on the Directors’s opinion, assumptions
made by the Directors, and information available to the Directors.
One or several factors that the Directors cannot foresee with
certainty could result in outcomes and events that deviate from the
prognoses.  All prognoses are valid only on the date of their
announcement.  Betbull has no intentions to and is not obliged to
update prognoses or to adapt prognoses to future events or
developments.

end of announcement                               euro adhoc 21.09.2006 16:04:19

Further inquiry note:

Betbull plc
Catriona Macniven
Investor Relations
Tel.: +350 77331
e-Mail: c.macniven@betbull.com

Branche: Casinos & Gambling
ISIN: AT0000615331
WKN: A0DKM0
Börsen: Wiener Börse AG / stock market