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IGT Announces Results of $21 Cash Tender Offer

Based on the preliminary count, subject to final verification, 24,853,656 shares of the Company's common stock were tendered, representing 28.9 percent of the outstanding shares. Since more shares were tendered than the 11 million authorized in the tender offer, those shares to be purchased are subject to proration.

Depending on the number of shares ultimately delivered and the number of odd lots included in those deliveries, the proration of shares to be purchased may change. Based on the preliminary count, the proration of shares to be purchased is expected to be about 44.3 percent of the shares tendered.

Payment for the shares properly tendered and accepted will be made as soon as practicable.

IGT, based in Reno, Nev., is the world's largest manufacturer of slot machines.

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