THE NEW SUPERVISORY BOARD OF KIA AUTO AS


TALLINNA KAUBAMAJA              ANNOUNCEMENT                        19.01.2007

THE NEW SUPERVISORY BOARD OF KIA AUTO AS

On January 15th 2007 has been held the meeting of supervisory board  of  KIA  Auto
AS, which has been  acquired  by  Tallinna  Kaubamaja  AS.  The  new  Chairman  of
Supervisory Board is Jüri Käo. The Supervisory Board  consists  of  five  members:
Jüri Käo, Andres Järving, Enn Kunila, Raul Puusepp and Aarne Õllek.
There has been no changes on the  Management Board.

The Supervisory Board has made a strategic decision to build new car  selling  and
service centers in Tallinn, Riga and Vilnius. The  centers  are  according  modern
demands.

The consolidated unaudited sales of KIA Auto AS for year  2006  were  355  million
kroons (22.7 million euros). In year 2006 1248 new cars has been  sold  in  Baltic
States.


Raul Puusepp
The Chairman of Board
Phone: +372 7 315 000