Hereby the Management Board of AS Ekspress Grupp (registry code 10004677, location and address Narva mnt 11E, Tallinn 10151) (hereinafter referred as “the Company) convenes an extraordinary general meeting of shareholders in the office of AS Ekspress Grupp at Narva mnt 11E, 6th floor on Friday, 30th of March 2007 at 20 p.m. Agenda of the general meeting: 1.Increase of share capital The Supervisory Board of the Company makes a proposal to increase share capital of the Company in connection with the initial public offering of the Company's shares on 19th March 2007 as follows: 1.To increase share capital of the Company by supplementary contributions by 24 478 810 (twenty four million four hundred seventy eight thousand eight hundred and ten) kroons by issuing 2 477 881 (two million four hundred seventy seven thousand eight hundred eighty one) new shares with par value of 10 kroons each share. The new amount of the share capital of the Company will be 189 710 810 (one hundred eighty nine million seven hundred and ten thousand eight hundred and ten) kroons. 2.To exclude the pre-emptive right of existing shareholders to subscribe for new shares. To grant the right to subscribe for all new shares to AS Suprema Securities (registry code 10144609) for the purpose of conducting the initial public offering of the shares. 3.The subscription of new shares by AS Superma Securitis takes place on 4th April 2007 in Tallinn. 4.New shares will be issued at a premium, whereas the minimum amount of the premium shall be 71,35 (seventy one point thirty five) kroons per share. 5.New shares shall be paid for by monetary contribution only. The date of payment is 4th April 2007. The new shares shall be paid for to the Company's bank account number 221007145530 in Hansabank in such way that money is transferred to the above-referred bank account by the above-referred due date. 6.Issued shares shall be entitled benefit from profit distribution as from financial year 2006. 7.The Management Board of the Company has the right to extend the period of subscription for new shares or cancel new shares, which are not subscribed during the period of subscription period. The Management Board can exercise this right during 15 (fifteen) days as of the end of the subscription period. The shareholders having the right to participate at the extraordinary general meeting will be determined on the bases of the share register of the Company on 20th March 2007 at 8.00 (commercial code § 297 section 5) Management Board of AS Ekspress Group