Issue of bonds


AS Baltika issued bonds via a closed issue in the amount of EEK 30.0 million    
(EUR 1.9 million). The issue date of the bonds is 15 March 2007 and the         
redemption date is 14 March 2008. A total of 3,000 bonds were issued with a     
nominal value of EEK 10,000 (EUR 639) and price of EEK 9,517.51 (EUR 608.28) per
bond. The difference between the nominal value and issue price of the bonds     
yields an interest of 5.0% per annum.                                           

The proceeds from the issue will be used for the redemption of the previous bond
issues that will be redeemed on 16 March and 18 April 2007.                     


Triin Palge                                                                     
Head of investor relations                                                      
+372 630 2886