GTECH Signs New Contract

WEST GREENWICH, Rhode Island – (PRESS RELEASE) -- GTECH Holdings Corporation (NYSE: GTK) today announced that its wholly-owned subsidiary, GTECH Global Services Corporation, and Societe de la Loterie de la Suisse Romande (LoRo) have successfully negotiated a new software/hardware maintenance and support services agreement, and a new software license agreement, resulting in additional recurring revenues to GTECH of approximately $20 million over a minimum term of six years. In addition, GTECH also signed its previously-awarded product sale agreement with LoRo for a new integrated online and instant-ticket lottery system, Altura(R) terminals, and communications network, which GTECH now values at approximately $14 million.

"In the past, GTECH's system maintenance and software license agreements with LoRo were renewed each year, at LoRo's discretion," said GTECH President and CEO W. Bruce Turner. "The fact that LoRo opted for six-year minimum contract terms, rather than continue on a year-to year basis, illustrates their confidence in GTECH's capabilities and is a testament to the success of the partnership."

GTECH has provided equipment and services to LoRo since 1994. In addition to Switzerland, GTECH provides lottery products and services in several countries throughout Europe including Belgium, the Czech Republic, Denmark, Finland, France, Germany, Ireland, Lithuania, Luxembourg, Poland, Portugal, the Slovak Republic, Spain, Sweden, Ukraine, and the United Kingdom.