Lasseters Corporation Limited (“LCL”) - cessation of trading online casino and wager sites

On 9 September 2008, the shares in LCL were suspended from quotation at the request of the company pending discussions with its parent company regarding continued financial support.

A review of the on-line gaming operations was made and the board of LCL is of the view that the ability of the on-line casino and wager sites to turn around was very remote, despite continuous support from the parent company over the previous two years. The on-line gaming sites have suffered continuous losses and face numerous constraints, resulting in the company's on-line gaming sites not being able to remain competitive.

The company accordingly advises that it has ceased taking bets on the company's on-line gaming sites.

If you would like to request a withdrawal of your account balance or require more information please contact our company secretary by emailing support@lasseters.com.au or phone +61 2 4993 1802.

We sincerely hope that you enjoyed the Lasseters Online sites as much as we enjoyed delivering our games to you and would like to express our sincere gratitude for your loyalty over the years.

We offer you our best wishes and hope you enjoy good luck in the future.

The Lasseters Online Team