AS Ekspress Group signed a contract today for the sale of AS Ekspress Hotline Group to Cheh OÜ. Cheh OÜ is a holding company that belongs to the investment fund BaltCap. The transaction price is ca. EUR 6 million as of the transaction date. The transaction price will be finalised during the completion of the transaction and will depend on the cash balance at the time of completing the transaction. Of the transaction price, EUR 2 million will be paid in 5 years; the buyer will pay 8% interest per annum on this amount. During these 5 years, Ekspress Group is entitled to convert the total amount of the receivable into the shares of the Pan-Baltic company to be formed after combining the operations of SIA Contact Holding and Ekspress Hotline. AS Ekspress Hotline Group also comprises AS Kõnekeskus, Ekspresskataloogide AS and AS Infoatlas. The prerequisite for the transaction becoming effective is the permission by the Estonian Competition Authority authorising the concentration. The 2008 unaudited revenue of Ekspress Hotline Group was EUR 4 515 997 and the unaudited EBITDA was EUR 522 054. As of 31.12.2008, the unaudited balance sheet total of Ekspress Hotline Group was EUR 3 976 058. BaltCap is a leading private and venture capital company that invests in growth oriented companies operating in the Baltic States and finances the buyouts of companies. Additional information: Priit Leito AS Ekspress Grupp Chairman of the Management Board e-mail: priit@egrupp.ee phone: 6698340