Holding(s) in Company
Livermore Investmens Press Release 2006 / Statement re. Press Comment
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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.


Empire Online Limited+357 (2) 5 847 700
Noam Lanir, Chief Executive Officer
Andrew Burns, Chief Financial Officer
Hudson Sandler+44(0) 20 7796 4133