29 April 2010 – trading update

The failure of horses like Kauto Star, Denman and Master Minded to win at the Cheltenham Festival has proved beneficial to betting group William Hill, which enjoyed a successful four days as a result.  This has contributed to a good performance for the first three months of the year with net revenues rising by 1% and operating profit increasing by 3% compared to last year.  The group’s online activities continue to gain momentum whilst current trading across the group is encouraging.  With interest in the World Cup likely to be greater than ever, the prospects for the group remain strong and we continue to rate the shares a BUY.