GTECH Holdings Corporation Completes Exchange Offer for Senior Notes Due 2010 WEST GREENWICH, R.I., Feb. 27 /PRNewswire-FirstCall/ -- GTECH Holdings Corporation announced today that it has completed its offer to exchange up to $250,000,000 aggregate principal amount of its 4.750% Senior Notes due 2010 (the "original notes") for 4.750% Senior Notes due 2010 which have been registered under the Securities Act of 1933. The exchange offer expired at 5:00 p.m., Eastern Time, on February 26, 2004. Asof the expiration of the exchange offer, $250,000,000 aggregate principal amount of the original notes, representing 100% of the outstanding original notes, had been validly tendered and not withdrawn. All original notes tendered with respect to the exchange offer on or prior to the expiration date were accepted for payment. GTECH, a leading global information technology company with $1 billion in revenues and 5,000 people in 44 countries, provides software, networks, and professional services thatpower high-performance, transaction processing solutions. The Company's core market is the lottery industry, with a growing presence in financial services transaction processing. For more information about the Company, please visit GTECH's website athttp://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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