SALES RESULTS FOR Q1 2008


The consolidated unaudited revenue of Tallinna Kaubamaja Group for year 2008
was 1.47 billion kroons (94.0 million euros). Revenue during the comparable
period last year was 1.29 billion kroons (82.2 million euros). The sales
increased by 14 %. 
The revenue of A-Selver for Q1 of 2008 was 973.0 million kroons (62.2 million
euros) and increased 19% comparing to the same period last year. The average
monthly sales per square meter of sales area were 7.4 thousand kroons per month
in the first quarter, showing growth of 6% comparing to the 1st quarter of
2007. During the 3 months 6.5 million purchases were made in the Selver chain
growing by 8% over the same period last year. 


The sales in department stores business segment for Q1 2008 were 351.0 million
kroons (22.4 million euros), increased by 7 per cent over the same period last
year. 
The average monthly sales per square meter of sales area for Q1 2008 were 5.1
thousand kroons per month; this is 6 per cent more than last year. 

The sales in real estate business segment for Q1 2008 were 10.3 million kroons
(0.7 million euros), increasing by 5 per cent to comparable period last year. 

Car selling business segment sales for Q1 2008 were 136.1 million kroons (8.7
million euros), showing growth of 31% comparing to last year 1st quarter
comparable numbers. In Q1 2008 517 new cars were sold, this is 212 new cars
more than year before. 

The sales results of the first quarter fulfilled the expectations of Tallinna
Kaubamaja group and slightly exceed the quarter sales prognosis of the group.
The sales results were positively influenced by the increase in number of new
customers and by opening of three new Selver stores on 2007. On the other hand
weather conditions influenced negatively the sales of winter clothes, which
sales were under the expected level. 

Raul Puusepp
Chairman of the Board
Phone: +372 731 5000