TWAITS PROMOTED CEO AT BETFAIR AUSTRALIA

29 August 2008

Replaces Klok, who has moved to Crown Limited


The experienced and respected Betfair executive Andrew Twaits is to become CEO of Betfair's Australian operations on 16 October, 2008, replacing Anthony Klok who is moving to Betfair associate and land gambling company Crown Limited as International Business Development Director.

The chairman and co-founder of Betfair, Edward Wray, says: “Anthony moved across to Betfair on secondment from PBL in 2006 to guide the initial stages of Betfair’s establishment in the Australian wagering landscape. He will leave his position as CEO with the knowledge that Betfair is well placed to achieve its objectives in the Australian market. While we’ll be sad to see Anthony go, we’re delighted that he will retain a role in the business by staying on the company’s Board.”

Twaits has been Betfair’s Director of Corporate and Business Affairs in Australia since April 2005. He is a former lawyer and was a General Manager at Cricket Australia.

“Andrew has been crucial to the company’s continued growth in Australia over the last four years and is the natural successor to Anthony," Wray added. "He has worked alongside Anthony for the last two years and was the obvious choice to guide Betfair through the next stage of its development.

“The Australian wagering market is entering an exciting period and the Board is very confident in the ability of Andrew and the rest of the team to help Betfair realise its potential in this market.”

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