Acquisition of control over AS Starman and preliminary announcement of a mandatory take-over bid

The management board of AS Starman was notified of the following.

On 24 September AS Starman announced that Xalto CDO II B.V. and AS Hansapank
executed a conditional share purchase agreement on sale and purchase of
altogether 7,054,601 shares of AS Starman, representing 54.04% of the issued
share capital of AS Starman (hereinafter the Agreement). 

According to the Agreement all rights and obligations of Xalto CDO II B.V.
arising from the Agreement were assigned to the latter's Estonian subsidiary
Baltic Moontech Investments Holding AS (registered in the Commercial Register
on 1 October 2007 under the register code 11428391) on 4 October 2007. 

Yesterday, on 10 October 2007 instructions were given to transfer 7,054,601
shares of AS Starman according to the Agreement and further 383,834 shares of
AS Starman acquired from the market to Baltic Moontech Investments Holding AS.
The shares will be transferred to the securities account of Baltic Moontech
Investments Holding AS tomorrow, 12 October 2007. As a result of that Baltic
Moontech Investments Holding AS is going to hold altogether 56.98% of all the
shares in AS Starman. 

As a result of the above Baltic Moontech Investments Holding AS acquires
control over AS Starman, which triggers the obligation of Baltic Moontech
Investments Holding AS to launch a mandatory take-over bid to all the
shareholders of AS Starman in respect of all the shares of AS Starman set forth
in the Securities Market Act. Baltic Moontech Investments Holding AS intends
comply with that obligation and will announce the mandatory take-over bid as
soon as approved by the Financial Supervision Authority. 


Additional information:
Henri Treude
+372 6779977