Resolution of the supervisory board on execution of option agreements

| Source: Olympic Entertainment Group AS Olympic Entertainment Group AS 

Olympic Entertainment Group     ANNOUNCEMENT          February 15th, 2007

Resolution of the supervisory board on execution of option agreements

The supervisory board of Olympic Entertainment Group AS (hereinafter OEG) adopted
a resolution on execution of option agreements with members of the management
board of OEG and employees of OEG and its subsidiaries. The option agreements
were concluded in accordance with the option plan disclosed in the listing
prospectus of OEG registered by the Financial Supervision Authority on
29 September 2006.

Option agreements were concluded with members of the management board of OEG and
employees of OEG and its subsidiaries. Option agreements entitle every member of
the management board to subscribe altogether 166,812 shares of OEG and every
employee respectively 66,723 shares during the period of 2008 - 2010. The exact
number of shares that may be subscribed by every member of the management board
and every employee of OEG and its subsidiaries depends on fulfilment of the
financial goals and goals related to specific area of activity of every member of
the management board and employee.

The options may be exercised every year from 2008 until 2010. The subscription
periods of the shares will be determined in relevant resolutions on increase of
share capital. The subscription price for the options of 2008 is 80 kroons and 30
cents per share (EUR 5,13). The subscription prices for exercising the options of 
2009 and 2010 will be determined by adding 10% to weighted average price of the 
share of OEG paid for in transactions made during the previous calendar year through
mediation of the Tallinn Stock Exchange. The executed option agreements grant the
right to receive dividends for a financial year on which the respective share
capital increase is entered into the Commercial Register.



For additional information please contact:

Andri Avila
Member of the Management Board
Olympic Entertainment Group
Phone + 372 667 1250
E-mail: andri.avila@ocg.ee
http://www.olympic-casino.com