DGAP-Adhoc: JAXX AG issues convertible bond for up to EUR

JAXX AG / Corporate Action

04.09.2008 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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JAXX AG issues convertible bond for up to EUR 4.2 million

The Management Board of JAXX AG (ISIN DE000A0JRU67), Altenholz, has with
the approval of the Supervisory Board decided to issue a convertible bond.
The 2008/2013 convertible bond will be divided into up to 161,830
debentures with a nominal value of EUR 21.00 each. The issuing price will
be EUR 26.00. Each debenture may be converted into ten registered ordinary
shares in JAXX AG, carrying voting rights, during the exercise periods
indicated in the terms of the bond.

The convertible bond will bear interest on its nominal amount at 6,66 %
p.a. The shareholders are to be granted an indirect subscription right,
under the terms of which they are entitled to subscribe to one debenture at
a subscription price of EUR 26.00 for each 99 JAXX shares they hold. The
subscription period runs from September 11 to 26, 2008 inclusive.

JAXX AG plans to use the anticipated gross proceeds of up to EUR 4,207,580
million to finance its further growth and to increase its independence from
the German lottery market.

M.M. Warburg & CO KGaA, Hamburg, is to be permitted to subscribe to and
acquire the debentures, with the obligation of offering them to the
shareholders for subscription at an issue price of EUR 26.00 per debenture,
on a ratio of 99:1. Debentures remaining unsubscribed after offering to the
existing shareholders will be placed with institutional investors. Market
trading of the subscription rights is not envisaged.

The complete rights offer will be published in the electronic Federal
Official Gazette at www.ebundesanzeiger.de on September 11, 2008. Full
information will in addition be available on the JAXX website, under
Investor Relations.

Contact:
JAXX AG
Investor Relations & Corporate Communications
Stefan Zenker
Tel. +49 (40) 85 37 88 47
Fax +49 (431) 88 10 44 0
Mail stefan.zenker@jaxx.com


DGAP 04.09.2008 
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Language:     English
Issuer:       JAXX AG
              Ostpreußenplatz 10
              24161 Altenholz
              Deutschland
Phone:        +49 (0)431 88 104-0
Fax:          +49 (0)431 88 104-40
E-mail:       ir@jaxx.com
Internet:     www.jaxx.com
ISIN:         DE000A0JRU67
WKN:          A0JRU6
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of News                                     DGAP News-Service
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DGAP-Adhoc: JAXX AG issues convertible bond for up to EUR 4.2 million
