Investor Glossary

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a

active affiliates: an affiliate who generated revenue in that period
active player: in relation to the Group’s products, a player who has contributed to rake and/or placed a wager in the period
(or ‘active real money player’ or ‘unique active player’)
active player days: aggregate number of days in the given period in which active players have contributed to rake and/or placed a wager. This can be calculated by multiplying average active players by the number of days in the period
active real money player: in relation to the Group’s products, a player who has contributed to rake and/or placed a wager in the period
Admission: admission of the ordinary share capital of the Company to the Official List and to trading on the London Stock Exchange’s market for listed securities, which occurred on 30 June 2005
affiliates: third party online or offline marketers who drive traffic to PartyGaming’s gaming sites for a flat fee or on a revenue share basis
Annual Report: the Company’s financial statements and accompanying reports for a given year
Articles: the articles of association of the Company
average active players: the daily average number of players who contributed to rake and/or placed a wager in the given period. This can be calculated by dividing active player days in the given period, by the number of days in that period

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c

CAGR: Compound annual growth rate
Clean EBITDA or Clean EPS: BITDA/EPS before reorganisation costs, non-recurring adjustment to revenue, charges relating to share-based payments and release of tax provision
Code: the 2006 Combined Code on Corporate Governance annexed to the Listing Rules
Companies Act: the Gibraltar Companies Act 1930
Company or ‘PartyGaming’: PartyGaming Plc
CREST: the system for the paperless settlement of trades in listed securities, of which CrestCo is the operator
CrestCo: CrestCo Limited, the operator of CREST

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d

Deed Poll: a deed poll executed by the Depositary in favour of the holders of Depositary Interests from time to time
Depositary Agreement: the depositary agreement dated 14 June 2005 between the Company and Capita IRG Trustees Limited
Depositary Interest Holder: holders of the Depositary Interests
Depositary Interests: the dematerialised depositary interests in respect of the Shares issued or to be issued by the Depositary
Depositary or Capita IRG Trustees: Capita IRG Trustees Limited
Discontinued operations: operations located physically outside of the US but which relate to customers in the US and were terminated following the enactment of the UIGEA on 13 October 2006

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e

EBITDA: earnings before interest, tax, depreciation and amortisation
EMEA: Europe, Middle East and Africa
Empire Poker: EmpirePoker.com
Employee Trust: the PartyGaming Plc Shares Trust, a discretionary share ownership trust established by the Company in which the beneficiaries include all of the current and former employees and self-employed consultants of the Group
EOL: Empire Online Limited
Executive Directors: the executive directors of the Company

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f

flop: in Texas Hold’em and Omaha High, the first three community cards that are dealt face up in the centre of the table all at the same time. The flop also indicates the second round of betting

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g

Gambling Act: the Gibraltar Gambling Act
Gamebookers: www.gamebookers.com, one of the Group’s sports betting websites ‘Group’ or ‘PartyGaming Group’
gross win: customer stakes less customer winnings
gross win margin: win as a percentage of revenue
Group or PartyGaming Group: the Company and its consolidated subsidiaries and subsidiary undertakings from time to time or, prior to 7 February 2005, PartyGaming Holdings Limited and its consolidated subsidiaries and subsidiary undertakings

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i

IFRS: International Financial Reporting Standards
IOG: Intercontinental Online Gaming Limited
IT: information technology

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l

Licence: the licence issued under the Gaming Act by Gibraltar’s Financial & Development Secretary to ElectraWorks Limited, a member of the Group, for the operation of remote gambling and online casino activities from Gibraltar
Licence Agreement: the Gaming Licence Agreement between the Government of Gibraltar and ElectraWorks Limited
Listing Particulars: the Company’s supplementary listing particulars issued on 27 June 2005 in connection with the Offer
Listing Rules: the listing rules of the UK’s Financial Services Authority ‘London Stock Exchange'
London Stock Exchange: London Stock Exchange plc

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n

new player sign-ups: new players who register on the Group’s real money sites
Non-Executive Directors: the non-executive directors of the Company

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o

Official List: the Official List of the UK’s Financial Services Authority
Omaha High: a type of poker game
online wallet: a web-based account to which customers transfer funds directly from their bank accounts and from which funds are transferred for the settlement of transactions with online merchants, such as online gaming sites

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p

PartyAccount: the Group’s shared wallet that enables customers to play a variety of games, all using a single customer account
PartyBets: www.partybets.com, one of the Group’s sports betting websites that is also fully integrated into PartyAccount
PartyBingo: www.partybingo.com, the Group’s principal bingo website
PartyCasino: www.partycasino.com, the Group’s principal casino website
PartyGammon: www.partygammon.com, the Group’s backgammon website
PartyPoker: www.partypoker.com, the Group’s principal poker website
play money: playing where no real money is involved, instead, players use ‘fun money’ or ‘free money’ to participate
pot: the aggregate amount wagered on each hand by the players in a ring game
Principal Shareholders: Anurag Dikshit (holding through Crystal Ventures Limited), Russell DeLeon (holding through Stinson Ridge Limited), Ruth Parasol (holding through Emerald Bay Limited) and Vikrant Bhargava (holding through Coral Ventures Limited), each of whom was a promoter of the Company

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r

rake: the money charged by PartyGaming for each qualifying poker hand played on its websites in accordance with the prevailing and applicable rake structure
real money: gambling where money is wagered, as opposed to play money where no money is wagered
real money sign-ups: new players who have registered and deposited funds into an account with the Group
registered player: a player who has registered with the Group to use its real money sites and/or its play money sites
Registrars: Capita IRG (Jersey) Limited, the registrars of the Company
Relationship Agreement: the relationship agreement between the Company, Crystal Ventures Limited, Coral Ventures Limited, Stinson Ridge Limited, Emerald Bay Limited and the Principal Shareholders dated 14 June 2005
RIGT: Responsibility in Gambling Trust
ring game: a ‘regular’ poker game as opposed to a poker tournament

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s

Shareholders: holders of Shares in the Company
Share Plans: the PartyGaming Plc Share Option Plan, the PartyGaming Plc Executive Share Option Plan, the PartyGaming Plc All-Employee Option Plan and the PartyGaming Plc Performance Share Plan
Shares: ordinary shares of 0.0015 pence each in the capital of the Company
sign-up bonus: an amount awarded on signing-up to a gaming site, subject to applicable conditions
sign-ups: new players who register on the Group’s real money sites
skins: arrangements where third party gaming operators use the software platform and services of another online gaming operator, typically on a revenue sharing basis, with the third party providing its own front end, branding and marketing arrangements
slots: ‘slot’ or ‘fruit’ machines
sports betting: placing bets on sporting events

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t

Texas Hold’em: a type of poker game and the most popular form of poker on PartyPoker

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u

UIGEA: The Unlawful Internet Gambling Enforcement Act that was enacted in the US on 13 October 2006

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w

wager: a bet on a game or sporting event

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y

yield per active player day: revenue in the period divided by the number of active player days in that period

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