21 May 2014 Additional Update concerning Further Developments at Casino Loutraki- Notice from the Greek Committee for the Supervision and Audit of Games Following its previous reports of 6, 11 and 19 of November 2013, regarding a hearing process conducted for the joint venture that operates Casino Loutraki (the "JV") by the Greek Committee for the Supervision and Audit of Games (the "Gaming Committee") due to the JV's alleged breach of Casino Loutraki's license terms, and following its 8 May 2014 report concerning the approval of the JV's settlement with its creditors (the "Settlement"), Queenco Leisure International Ltd. (the "Company"), the emerging markets entertainment center and casino developer and operator, would like to update that, due to the failure of the JV to pay substantial debts to the authorities which resulted in an alleged breach of its license terms, it was conveyed to the Company that, on 20 May 2014, the Gaming Committee, which is the entity responsible for the supervision of the Greek casinos and of the licenses for their operations, has notified the JV as follows: (a) the JV must immediately pay its entire debts to the Greek authorities - substantial monetary obligations incurred between 1 August 2013 and 30 April 2014, and which are not included as part of the Settlement; (b) the JV must present evidences until 28 May 2014 concerning its actions to meet the above requirement; and (c) on 30 May 2014 the Gaming Committee shall convene in order to resolve in this matter. Queenco Leisure International Ltd. For further information about the Company please visit www.queenco.com or contact: Queenco Leisure International Ltd. Yariv Lerner, Chief Executive Officer T: +972 3 7566 555 רח' מנחם בגין 11 קומה 30 רמת גן, ישראל FLOOR RAMAT-GAN, ISRAEL 11 MENAHEM BEGIN ST. 30
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