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MERGERS OF SUBSIDIARIES OF TALLINNA KAUBAMAJA AS IN LATVIA

TALLINN, 7. January 2014, www.nasdaqomxbaltic.com - By registration of the mergers, all assets of SIA ABC King and SIA Suurtuki were given over to SIA TKM Latvija.

Tallinna Kaubamaja AS published the Stock Exchange announcement on 7 August 2013, which stated that the two dormant subsidiaries of AS TKM King in Latvia (SIA ABC King and SIA Suurtuki) shall be sold to SIA TKM Latvija, which is also a part of the Tallinna Kaubamaja group; and thereafter of the plan to merge SIA ABC King (company being acquired) and SIA Suurtuki (company being acquired) into SIA TKM Latvija (acquiring company).

We hereby would like to inform that the Latvian Enterprise Register has registered the abovementioned merger. In connection to registration of the merger, SIA ABC King and SIA Suurtuki were deleted from the Enterprise Register. According to the merger agreement the legal successor of SIA ABC King and SIA Suurtuki is SIA TKM Latvija. By registration of the mergers, all assets of SIA ABC King and SIA Suurtuki were given over to SIA TKM Latvija. The share capital of the acquiring company did not change. SIA TKM Latvija is a subsidiary of Tallinna Kaubamaja Kinnisvara AS.

Raul Puusepp
Chairman of the board