Baltika's consolidated sales revenue for November totalled 104.8 million kroons and increased by 12% compared to November previous year. Retail sales grew by 15% and wholesale decreased by 23% yoy. Wholesale revenues have declined in line with projections. The Group's comparable store sales growth for November was 8%, including 36% growth in Russia and 34% growth in Ukraine. Sales in November -------------------------------------------------------------------------------- | EEK million | 11/2008 | 11/2007 | Change | -------------------------------------------------------------------------------- | Retail | 98.6 | 85.4 | 15% | -------------------------------------------------------------------------------- | Wholesale | 6.0 | 7.8 | -23% | -------------------------------------------------------------------------------- | Other | 0.20 | 0.27 | -26% | -------------------------------------------------------------------------------- | Total | 104.8 | 93.5 | 12% | -------------------------------------------------------------------------------- In the month of November, retail sales increased by 35% in Central Europe, 32% in Eastern Europe and 6% in the Baltic region. At the end of November, Baltika Group had 133 stores with a total sales area of 26,911 square metres. During the month, six stores were opened and one closed. Four stores were opened in Panorama, the newest shopping and entertainment centre in the capital of Lithuania. With its 33 stores, Lithuania became Baltika's biggest market in terms of the number of stores. In December, the company plans to open one store. Cumulative eleven month sales revenue of Baltika amounted to 1,100 million kroons (+5% yoy), including retail sales of 968 million kroons (+10%) and wholesale of 131 million kroons (-8%). EUR 1 = EEK 15.6466 Triin Palge Head of investor relations +372 630 2886