GTK Gtech

GTECH Holdings Corporation Announces Exchange Offer for Senior Notes WEST GREENWICH, R.I., April 20 /PRNewswire-FirstCall/ -- GTECH Holdings Corporation (NYSE:GTK) today announced that it has commenced exchange offers for all of its outstanding 4.50% Senior Notes due 2009, and all of its outstanding 5.25% Senior Notes due 2014. Both series of notes were originally issued in November 2004 under Rule 144A of the Securities Act of 1933. Holders of either series of notes may exchange their notes for a new issue of notes pursuant to an effective registration statement on Form S-4 filed with the Securities and Exchange Commission. Terms of the new notes will be substantially identical to the notes of the series being exchanged, except that the transfer restrictions and registration rights applicable to the original notes will not apply to the new notes. The exchange offers will expire at 5:00 p.m., Eastern Time, May 18, 2005, unless extended. Tenders of the original notes must be made on or prior to the expiration of the applicable exchange offer, and may be withdrawn at any time on or prior to the expiration of the applicable exchange offer. Copies of the prospectus and other documents describing the terms of the exchange offers, including the related transmittal materials for use in making tenders, may be obtained from the exchange agent, SunTrust Bank, at 25 Park Place, N.E., 24th Floor, Atlanta, Georgia 30303-2900, telephone (404) 588- 7266. This news release is for informational purposes only, and is not an offer to buy or the solicitation of an offer to sell any securities of GTECH Holdings Corporation. The exchange offers are being made only pursuant to the exchange offer documents, including the prospectus and the letter of transmittal that the Company is distributing to holders of the original notes and filing with the Securities and Exchange Commission. GTECH Holdings Corporation, a leading global information technology company with over $1 billion in revenues and 5,300 people in over 50 countries, provides software, networks, and professional services that power high-performance, transaction processing solutions. The Company's core market is the lottery industry, with a growing presence in commercial gaming technology and financial services transaction processing. For more information about the Company, please visit GTECH's website at http://www.gtech.com/. Contact: Robert K. Vincent Public Affairs GTECH Corporation 401-392-7452 DATASOURCE: GTECH Holdings Corporation CONTACT: Robert K. Vincent, Public Affairs of GTECH Corporation, +1-401-392-7452 Web site: http://www.gtech.com/

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