SOURCE: Press Release

Probability plc, the AIM quoted mobile phone gambling specialist, has appointed Arbuthnot Securities Limited as its nominated adviser and broker with immediate effect.

Additionally, it has made a number of changes to its board of directors with immediate effect including the appointment of gaming industry specialist William Henbrey (FCA) as Non-executive Director.

Bill Henbrey has vast experience in Probability’s arena having been involved in all aspects of the betting and gaming sector, and the leisure industry in general, for over 30 years.

He was a partner in BDO Stoy Hayward, London, from 1978 and head of the UK Betting & Gaming and Leisure & Hospitality units until June 2006. He has advised a wide range of UK and international land-based and on-line gaming operators.

Ravi Ruparel is stepping down from the Board in order to pursue his other interests. Ben Hirsch, Non-executive Director, who has emigrated to Israel, is also stepping down, whilst John Scaife has stepped down as President but remains Non-executive Director.

Probability Chairman Graham Parr said, “We remain committed to building a first-rate team. The appointment of Arbuthnot, in tandem with that of Bill Henbrey, represents an important step in achieving this objective. Bill brings with him over three decades of experience in the financial management and development of gambling businesses.

He also has direct experience of AIM listed companies and an unqualified reputation for probity and extensive knowledge of businesses of our type.

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