Churchill Downs Incorporated has implemented a new horseshoe policy at its four racetracks that bans the use of toe grabs greater than two millimeters. The new policy is effective immediately.

The policy, which will apply to all horses racing and training at Churchill Downs, Arlington Park, Calder Race Course and Fair Grounds Race Course, states:

“Front horse shoes which have toe grabs greater than two millimeters shall be prohibited from racing or training on all racing surfaces at all Churchill Downs Incorporated racetracks. This includes but is not limited to the following: toe grabs, bends, jar calks, stickers and any other traction device worn on the front shoes of Thoroughbred horses. Any hind shoe with a turndown of more than one-quarter inch will not be allowed on the dirt courses. Hind shoes with calks, stickers, blocks, raised toes or turndowns will not be allowed on the turf courses. This includes quarter horse shoes or any shoe with a toe grab of more than one-quarter inch.”

“Our change in policy is another positive step toward improving the welfare and safety of our equine and human athletes, and it’s consistent with the recommendations of The Jockey Club Thoroughbred Safety Committee, TOBA’s Thoroughbred Action Committee and the Kentucky Horse Racing Commission to address safety in horse racing,” said Donnie Richardson, senior vice president of racing for Churchill Downs Incorporated.

Churchill Downs Incorporated (“Churchill Downs”), headquartered in Louisville, Ky., owns and operates world-renowned horse racing venues throughout the United States. Churchill Downs’ four racetracks in Florida, Illinois, Kentucky and Louisiana host many of North America’s most prestigious races, including the Kentucky Derby and Kentucky Oaks, Arlington Million, Princess Rooney Handicap and Louisiana Derby. Churchill Downs racetracks have hosted seven Breeders’ Cup World Championships. Churchill Downs also owns off-track betting facilities and has interests in various advance-deposit wagering, television production, telecommunications and racing services companies, including a 50-percent interest in the national cable and satellite network HorseRacing TV™, that support the Company’s network of simulcasting and racing operations. Churchill Downs trades on the NASDAQ Global Select Market under the symbol CHDN and can be found on the Internet at www.churchilldownsincorporated.com.