AGM Statement

betinternet.com PLC
11 January 2006



                                                           FOR IMMEDIATE RELEASE

                                                                 11 January 2006

                              BETINTERNET.COM PLC

                      ('betinternet' or the 'Company')

                                 AGM STATEMENT


At today's Annual General Meeting of betinternet, the Chairman, Mr Denham Eke,
made the following statement regarding the Company's current trading position:


'Shareholders will be aware following the recent publication of our Report
and Accounts that a number of major strategic initiatives are underway.


I am delighted to inform shareholders that the necessary funding to underpin
these initiatives has now been secured following approval by shareholders this
morning of a placement to our major shareholder, Burnbrae Limited, for £1.6
million less costs associated with the issue.


I am also pleased to report that the strategic issues are proceeding according
to plan and in line with our anticipated timetable.


Specifically the new sportsbook platform which is being developed in partnership
with IGW, a Florida based company with particular expertise in developing
software for the US market, is on target to be functioning in advance of the
2006 Soccer World Cup Tournament.


Arrangements are also proceeding in parallel to launch the new software from
servers in Curacao.  As previously reported this will allow us to target the
vast US market with a comprehensive sports, casino and games offering.


The fundraising will also provide resource for a targeted marketing campaign
towards potential new players from the USA and our core markets in the Far East
and Europe.


Our pari mutuel business, European Wagering Services Limited ('EWS'), has made
steady progress in the current period. This follows the well documented issues
it faced last year which resulted in our decision to cease offering incentives
to certain high wagering US punters.  Accordingly, the turnover from this
activity will be significantly less than was the case in the corresponding
period last year.  Nevertheless by concentrating on higher margin opportunities
EWS is expected to make a modest contribution before interest and depreciation.


Activity in the sportsbook division mirrors the period to May 2005.  Wagering on
sporting events will be less than for the comparable period last year as it was
felt imprudent to undertake significant marketing expenditure in advance of the
new platform launch which I refer to above.


We continue to be pleased with the turnover from the live casino and games
which, in the period to end of November 2005, will have exceeded that from
sports events.


The company anticipates announcing its interim results for the 26 weeks to 27th
November 2005 in early March.  In view of the reduction in wagering on sports
events mentioned above these are likely to record an operating loss after
attributable overheads.


The Board is however looking towards the future with considerable confidence. I
believe that the results of the strategic initiatives mentioned earlier,
designed to create a compelling and exciting one stop gaming and entertainment
platform, will lead to significantly improved financial results.'

                                      END


For further information:


betinternet.com plc                       Tel: [phone]

Garry Knowles, Managing Director



Britton Financial PR                      Tel: [phone]
Tim Blackstone


Williams de Broe                          Tel: [phone]

Joanne Lake

                      This information is provided by RNS
            The company news service from the London Stock Exchange