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Ainsworth to Merge with Russian Supplier

15 February 2005

AUSTRALIA – As reported by the Australian: "At 81, veteran pokie king Len Ainsworth still can't resist a punt - even if it comes from behind the old Iron Curtain.

"The founder of Aristocrat Leisure yesterday announced a proposal to merge his latest project, Ainsworth Game Technology, with Russia's largest casino and gaming equipment supplier Unicum.

"…'Between St Petersburg and Sydney and Melbourne, we'll have major plans that will enable to cope with almost any expansion that might come our way,' he said. Mr Ainsworth has been captivated for some time by the potential of the Russia market after the dissolution of the Soviet Union.

"…Unicum is a private group of companies owned by Boris Belotserkovsky and already assembles and distributes AGT machines. In the next three years, it's projecting its own base of installed poker machines to ramp up from 315,000 to 600,000.

"…The merger talks have yet to conclude and the proposal must also get the green light from shareholders who will have access to an independent expert's report…"

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