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TALLINNA KAUBAMAJA AUDITED ANNUAL REPORT 2010

The Supervisory Board of Tallinna Kaubamaja AS approved on 5 April 2011 the annual report and profit allocation proposal for the year 2010 of Tallinna Kaubamaja AS.

The Supervisory Board of Tallinna Kaubamaja AS approved on 5 April 2011 the annual report and profit allocation proposal for the year 2010 of Tallinna Kaubamaja AS. The Supervisory Board decided to present the annual report and profit allocation proposal as prepared by the management for the approval of the general meeting of shareholders. The revenues and profits remained unchanged compared to the preliminary disclosure on 25 February 2011.

The consolidated audited revenue of Tallinna Kaubamaja Group for the year of 2010 was 6.3 billion kroons (402.8 million euros). The revenue of the comparable period last year was 6.4 billion kroons (408.3 million euros). The revenue decreased by 1.3 per cent.

The consolidated audited net profit of the Group for the year of 2010 was 260.5 million kroons (16.6 million euros). The loss of the year 2009 was 196.7 million kroons (12.6 million euros).

The audited Annual Report 2010 of Tallinna Kaubamaja AS is available on Tallinna Kaubamaja Internet home page http://www.kaubamaja.ee.