28 December 2006

Empire Online Limited
Statement re. Press Comment


Empire Online notes recent press speculation and confirms that it is in advanced discussions to sell its trade and gaming related assets.

Following any such disposal, the Company's intention is to become an investing company. The proceeds of any disposal would be used together with the Company's existing cash of approximately US$250 million to invest opportunistically in both private and public businesses and across the small, mid and large-cap range of companies.

Shareholder approval would be required for a disposal of the Company's trade and gaming related assets and in order to approve the Company's investing strategy.

Further announcements will be made as appropriate.


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