Daniel Silvers appointed as Bwin.party Non-Executive Director

This appointment is made under the terms of a relationship agreement entered into by amongst others, bwin.party, Emerald Bay and Stinson Ridge, that was approved by shareholders on 28 January 2011 and to which Spring Owl Gibraltar Partners B became a party on 28 February 2014 as a result of acquiring 6.1%* of bwin.party’s issued share capital from Emerald and Stinson together with the director nomination right. As disclosed on 22 May 2014, SpringOwl nominated Daniel Silvers for appointment to the bwin.party board of directors.

Daniel Silvers is President of Spring Owl Asset Management (formerly Ader Investment Management) and also serves on the board of directors of India Hospitality.  He has previously served on the board of directors of both International Game Technology and Universal Health Services.  Silvers joined Ader Investment Management from Fortress Investment Group, a leading global alternative asset manager, where he worked from 2005 to 2009. Prior to joining Fortress, he was a senior member of the real estate, gaming and lodging investment banking group at Bear, Stearns & Co. Inc., where he was from 1999 to 2005. Daniel Silvers holds a B.S. in Economics and an M.B.A. in Finance from The Wharton School of the University of Pennsylvania.

There are no other disclosures to be made under Listing Rule 9.6.13.