The management of PTA Grupp AS (PTA) is considering the possibilities for listing shares of the company on the Warsaw Stock Exchange, which would increase the liquidity of PTA shares, as well as simplify the group's access to Eastern European capital markets and improve opportunities for further growth. In connection with the acquisition of AS Silvano Fashion Group in the fourth quarter of 2006 and the subsequent further steps aimed at streamlining and widening the group's operations (including the acquisition of Splendo Polska s.p. z.o.o. in November 2006, the increase of the ownership stake in Milavitsa in December 2006 and March 2007, as well as the corporate restructuring plan announced today), the scope of PTA's activities and the investors' incterest towards the group increased. For PTA, the listing on the Warsaw Stock Exchange would signify a significant increase in the investor base, which would result in the increased liquidity of PTA's shares. Among other things, the listing would open up possibilities for investment in PTA shares by Polish pension funds, whose ability to transact in securities listed outside Poland is limited due to the peculiarities of local legislation. Polish pension funds alone manage assets in excess of 29 billion Euros. The status of a WSE-listed company would also increase the ability of PTA to if necessary raise additional capital in Poland and other Eastern European countries, partially due to the better liquidity of PTA shares and as a result of overcoming the aformentioned legislative hurdles. In addition to the above, PTA's reputation as a regional apparel and lingerie producer and retailer would grow significantly, creating better conditions for the formation of long-term relationships with strong regional suppliers and clients, as well as for the further expansion through mergers and acquisitions. At this time, preparations are under way for the possible listing and PTA will make the final decision on listing during the second quarter of 2007. Peeter Larin PTA Grupp AS Chairman of the management board Tel. +372 6 710 700