The consolidated unaudited sales revenue of Tallinna Kaubamaja for the first three months of 2009 was 1.52 billion kroons (97.4 million euros). Sales revenues for the comparable period last year were 1.47 billion kroons (94.0 million euros). The turnover grew by 3.7%. The consolidated unaudited sales revenue in the supermarket business segment was 1.1 billion kroons (72.4 million euros) in Q1 2009, a 16% growth year over year. The sales revenue in this business segment for comparable period last year was 973 million kroons (62.2 million euros). The monthly average consolidated net sales per square meter of Selver's sales area amounted to 5.5 thousand kroons in Q1, showing a 26% fall year over year. The monthly turnover per square meter of sales area in comparable stores was 5.9 thousand kroons, a 20% decrease year over year. The overall economic downturn, declined consumption, lower sales efficiency during the start-up period in newly opened stores as well as the reduced sales efficiency in stores where sales area was nearly doubled in 2008 had a negative effect on the sales efficiency of Selver. During the first quarter of 2009 Selver opened two new stores in Estonia - in Narva and Kakumäe, and a new store in the Latvian town of Kuldiga. Altogether the sales area in supermarkets business segment grew by 4,217 square meters in Q1 2009. In total eight million purchases were made in Selver chain during Q1 2009, which means a 23% increase year over year. The sales revenue for the department stores business segment for the first 3 months of 2009 was 276.2 million kroons (17.7 million euros), a decrease of 21% year over year. The average monthly sales of the department stores per square meter of sales area for the three months totalled 4.0 thousand kroons, which means a 21% fall year over year. Besides the general fall in consumption, the sales revenue of department stores was also influenced by the relocation of the Youth Fashion and the extensive renovations of the Beauty Department that begun in Q1. At the end of March the Women's Shoe Department was opened, the innovative selection of which includes shoes as well as bags, hosiery and other accessories. The sales revenue of real estate business segment for the first three months of 2009 was 12.0 million kroons (0.8 million euros), an increase of 17% year on year. The sales revenue of the car trade segment was 62.5 million kroons (4.0 million euros) for the first three months of 2009. During the three months, 314 new vehicles were sold, which is 203 vehicles less compared to the same period the year before. KIA now holds a 2.2% market share in the Baltic countries, a 21% decline year over year. The Estonian car market fell by 67% during the first three months of 2009. The sales of KIA fell by 70%, setting KIA's market share at 2.9% as at the end of the period. The Latvian market fell the most during the three month period - 77% and the sales of KIA cars dropped by 91%. KIA held a 1% market share in Latvia as at the end of Q1. The Lithuanian car market fell by 70% by the end of Q1 2009. KIA has a 2.1% market share of the Lithuanian car market. Footwear retailing accounted for a 40.5 million kroons (2.6 million euros) share in the Group's sales revenues. Tallinna Kaubamaja Group acquired its first footwear business in April 2008. Today the Group has two shoe store chains with 34 stores, 6 of which are located in Latvia. At the end of March the first beauty store of I.L.U. chain was opened in the new Pärnu Keskus. The first weeks proved to be a success in terms of customer interest - the net turnover in March was 0.5 million kroons (0.03 million euros). Next I.L.U. stores will be opened in November in Rocca al Mare Shopping Centre and in Tartu Lõunakeskus. The store in Kristiine Keskus and the first Latvian I.L.U. store are planned to be opened in 2010. Raul Puusepp Chairman of the Board Phone: +372 7 315 000