COMMITTEE'S DECISION ON OLYMPIC ENTERTAINMENT GROUP


On April 20, 2009 the Listing and Surveillance Committee of NASDAQ OMX Tallinn
decided to give a warning to AS Olympic Entertainment Group for violation of
NASDAQ OMX Tallinn rules and regulations chapter Requirements for Issuers
(hereinafter RI) clauses 1.2.1, 5.4.1, 5.1.7, 5.4.5 and 2.4.1. 

Background:
According to RI clause 1.2.1 the Issuer is obliged to secure disclosure of
information stated in RI in such a form and within such time limits as
specified in RI. 
According to RI clause 5.4.1 is the Issuer obliged to publish interim reports
on its  operations and financial results for 3 months, 6 months (semi-annual
report), 9 months and 12 months of the financial year (preliminary annual
accounts), consisting also data of last quarter of the period. 
According to RI clause 5.4.5 is the Issuer obliged to make public an interim
report immediately after its preparation by the management board, but no later
than two months after the end of the reporting period. 
According to RI clause 5.1.7, at least the comments on the economic results,
the balance sheet and income statement shall be made public as a notice sent to
the Exchange. The full financial statements (the annual report and the interim
report) shall be sent to the Exchange in electronic form for publication on the
Website of the Exchange. 
According to RI clause 2.4.1 information is deemed disclosed when it is made
public as a notice through the Exchange Information System. 

Olympic Entertainment Group released a stock exchange announcement about its
unaudited financial results for the year 2008 on February 27, 2009 but the full
unaudited 12 months interim report was published on the exchanges web-site on
March 12, 2009 i.e. 12 days after the deadline. 


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