2 December 2011      

LADBROKES PLC

NEW BANKING FACILITIES

Ladbrokes plc today announces that it has signed new five year facilities with its relationship banks totalling £540 million which will mature in 2016. These replace the existing arrangements which total £560 million and had been due to mature in 2013

The new facilities provide the business with adequate headroom post redeeming the £131 million bond in July 2012.  The Group has a further £225 million bond which matures in 2017. It is estimated that the new blended rate of interest for the Group will be 7.5% in 2012.

Commenting on the agreements Ladbrokes CFO Ian Bull said:
 
"We are pleased to have extended the maturity profile of our debt with these new facilities and welcome the support our lenders have shown in the business. The new arrangements, together with our proven track record for strong cash generation, mean the business is on a strong footing as we continue to invest in our plan to reinvigorate Ladbrokes."

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Enquiries

Matt Sharff                                           Ian Bull                       

Head of Investor Relations                  Chief Finance Officer

Tel. +44 7854 184 808