Ladbrokes : Response to CMA's approval of Coral Merger

Ladbrokes plc

26 October 2016

LADBROKES RESPONDS TO CMA'S APPROVAL OF CORAL MERGER

Ladbrokes plc ('Ladbrokes') welcomes today's decision by the Competition & Markets Authority ('CMA') to give final approval to its proposed Merger with Coral.

The CMA has approved the disposal of 322 shops to Betfred, 37 to Stan James and one shop to Bet21.

Following receipt of this approval, Ladbrokes will publish a prospectus in relation to the readmission of the enlarged group to the premium listing segment of the Financial Conduct Authority's Official List and to trading on the London Stock Exchange. It is expected that completion of the Merger will take place in the very near future.

Commenting on the sale, Ladbrokes Chief Executive, Jim Mullen, said:

'I am delighted that the CMA has given approval to our merger with Coral. Both businesses are approaching the merger with good momentum and we are now focusing on completing the merger and delivering on the opportunities it offers.'

ENDS

Enquiries [phone]

Snehal Shah, Group Financial Controller and Head of Investor Relations

Donal McCabe, Group Communications Director