Placing & Issue of loan note

RNS Number:9918P
Betbrokers PLC
13 March 2008




Press Release                                                  13 March 2008




                                 Betbrokers plc
                         ("Betbrokers" or "the Group")


                               Issue of loan note

                               Placing of equity



Betbrokers plc, (AIM: BETB), the UK's first retail and wholesale brokerage and
clearing house for the sports betting industry, is pleased to announce that the
Group has raised �495,000 via the issue of 10 per cent secured loan notes due
2013.



In addition, Betbrokers has also raised �57,750 before expenses through an
institutional placing of 5,775,000 new ordinary shares of 0.25p each (the "
Placing Shares") at a price of 1p per share (the "Placing").



The proceeds will be used to further facilitate the Group's growth and ongoing
working capital requirements.



Application has been made for the Placing Shares to be admitted to trading on
AIM, which is expected to take place on 18 March 2008.  Following the Placing,
the enlarged share capital of the Company will be 314,172,753  ordinary shares
of 0.25p each.



The Placing Shares will rank pari passu in all respects with the existing issued
ordinary shares of 0.25p each, with each share carrying the right to one vote.

                                    - Ends -

For further information, please contact:
Betbrokers plc
Wayne Lochner, Chairman and Chief Executive         Tel: +44 (0) 20 7127 9815
wlochner@betbrokers.com                             www.betbrokers.com


Daniel Stewart & Company plc
Simon Leathers                                      Tel: +44 (0) 20 7776 6550
                                                    www.danielstewart.co.uk

Media enquiries:
Abchurch Communications
Chris Lane / Franziska Bohnke                       Tel: +44 (0) 20 7398 7708
franziska.boehnke@abchurch-group.com                www.abchurch-group.com



About Betbrokers plc



Betbrokers is the UK's first independent betting brokerage.  The Company
facilitates transactional business between both retail gamblers and wholesale
clients.  The Company's operations were formally launched in 2005.



Betbrokers provides services, from its dedicated dealing room in London's Canary
Wharf, to two groups of participants within the gambling industry:



*         The Company provides its retail customers with the advantage of best
price execution together with the ability to deal 'in size' in a majority of
sporting events.  Retail customers will soon be able to access advanced
data-sales and trading analysis platforms, which feed from aggregated internal
price mechanisms.

*         Betbrokers already has agreements with over 100 bookmakers, providing
them with the opportunity to take on additional bets from retail customers.
Importantly, the Company also offers bookmakers a facility to effectively manage
their risk exposure by hedging positions anomalously using Betbrokers as an
intermediary to deal with the other bookmakers.


Betbrokers floated on the AIM market of the London Stock Exchange in 
November 2006.  

Further information is available on the Company at: www.betbrokers.com


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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