A subsidiary of PTA Grupp AS, SP ZAO Milavitsa (the leading Belorussian manufacturer of lingerie, hereinafter “Milavitsa”) completed a stock buy-back program. In the course of the program 2,353 shares have been purchased for a price of ca 439 Euro per share, amounting to some 19.1% of Milavitsa's share capital. The cancellation of the redeemed shares is included in the agenda for the upcoming ordinary general meeting of the shareholders of Milavitsa which will take place on 23 March 2007. Following the cancellation of the redeemed shares, PTA Grupp AS's wholly-owned subsidiary AS Silvano Fashion Group's ownership stake in Milavitsa will rise from 62,5% to some 77.2% of Milavitsa share capital. The principal business of Milavitsa is the manufacturing and sales of lingerie in Belorussia, as well as export of the same to the Russian Federation and other CIS countries. Peeter Larin PTA Grupp AS Chairman of the Management Board Tel. +372 6 710 700