The management of PTA Grupp AS is hereby mediating a release received today, on 3 May 2007, from Indrek Rahumaa. TAKEOVER NOTICE Indrek Rahumaa, personal identification code 37202170284, address Tartu mnt. 2, Tallinn, Estonia, hereby makes an offer on the basis of the Securities Market Act § 166 (1) to acquire all shares of PTA Grupp AS (register code 10175491, address Akadeemia tee 33 , Tallinn, Estonia, hereinafter PTA) which do not belong to SIA Alta Capital Partner (hereinafter ACP) on the following conditions. Issuer and issuer's shares PTA has issued 37,947,198 ordinary shares with the nominal value of 10 EEK each, which are listed on the main list of the Tallinn Stock Exchange. Every PTA share gives the shraeholder the right to participate in the general meeting of shareholders of PTA and the right to participate in the distribution of profit and proceeds upon distribution, as well as other rights provided for in the law and the articles of association of PTA. ACP owns 26 274 640 shares of PTA and OÜ Investeerimisvabrik owns 136 414 shares of PTA, which together amount to 66,6% of the share capital of PTA and of all shares of PTA listed on the Tallinn Stock Exchange. ACP and OÜ Investeerimisvabrik are companies controlled by Indrek Rahumaa. OÜ Investeerimisvabrik is a company registered in Estonia, register code 10823903, address Tornimäe 2, Tallinn, Estonia, whose main area of activities is investment. OÜ Investeerimisvabrik owns 1 384 shares of ACP with the aggregate nominal value of 1 384 LVL, which amount to 69,2% of the share capital of ACP. Therefore OÜ Investeerimisvarik controls ACP within the meaning of § 10 (1)(1) of the Securities Market Act. Indrek Rahumaa is a private individual and the sole shareholder of OÜ Investeerimisvabrik. Indrek Rahumaa owns one share of OÜ Investeerimisvabrik with the nominal value of 40,000 EEK, which amounts to 100% of OÜ Investeerimisvabrik. Shares subject to takeover bid The shares subject to the takeover bid are all shares of PTA, which do not belong to ACP or OÜ Investeerimisvabrik, that is a total of 11 536 144 shares of PTA. Purchase price and payment The price of the offer is 65,5592 EEK or €4,19 for one share of PTA. Sold shares of PTA will be paid for in cash. The purchase price will be transferred to each selling shareholder on 4 June 2007 in exchange for the transfer of shares of PTA (transfer against payment). Terms of offer The term for accepting the offer begins on 3 May 2007 and concludes on 30 May 2007. The transfer instructions of the shareholders of PTA willing to accept the offer must be registered in the Estonian Central Register of Securities no later than by 30 May 2007 (i.e. by the last day of the offer) at 17.00. Every shareholder of PTA who is willing to accept this offer must turn to the administrator of its securities account, through which he has opened a securities account in the Estonian Central Register of Securities on which account his shares of PTA are held, or to submit a relevant instruction to the owner of his nominee account. A transaction order for the sale of PTA shares must be submited to the administrator of the securities account in accordance with the offering prospectus. Reference to approval by the EFSA The present offer notice, the offer prospectus and the conditions of the offer are approved by the Estonian Financial Supervision Authority on 2 May 2007. Dissemenation of the prospectus The prospectus relating to this offering is available as a hard copy from the location of PTA at Akadeemia tee 33, Tallinn. The prospecuts is available electronically from the website of the Estonian Financial Supervision Authority (www.fi.ee) or from the website of PTA (www.ptafashion.com). Indrek Rahumaa