Tallinna Kaubamaja group plans to open 15 beauty stores in the Baltic States within the next 3-4 years. These stores will be significantly larger than ordinary beauty stores with 300 - 600 m2 of sales area. Also, these stores will operate with a different concept. The main products in will be selective and semi-selective cosmetics, men's and women's fragrances, spa and hair care products. The stores will increase attention to men's beauty products and will additionally offer several services including nail studio, hairdressing and cosmetics. Investments into the stores are planned to be in the range of 16,000 kroons (1,025 euros) per sq m. The first beauty store will be opened in the second half of 2008. Raul Puusepp CEO Tallinna Kaubamaja AS Phone: +372 731 5000 Lea Endrikson CEO TKM Beauty OÜ Phone: +372 667 3286