Notice of public offering of shares


We hereby announce that the public offering (the “Offering”) of the shares of
AS Ekspress Grupp (registry code 10004677) (the “Company”) in Estonia commences
today, on 16 April 2010. 

1.	Offer Shares

Up to 8 948 000 new shares (“Offer Shares”) issued by the Company will be
offered to investors. Upon full completion of the Offering, the Company's share
capital will be EEK 297 968 410 (EUR 19 043 652) which is divided into 29 796
841 ordinary shares with the nominal value of EEK 10 (EUR 0.64) per share. In
such case, the Offer Shares will represent approximately 30.0 percent of the
Company's share capital following the Offering. 

The Offering is made to the Company's shareholders, to the public in Estonian
and to institutional investors in and outside Estonia. In order to ensure the
Company's shareholders' pre-emptive right to subscribe for new shares in
proportion to the sum of the nominal value of the shares in shareholders'
possession, 1 (one) subscription right (the “Subscription Right”) was granted
to the Company's shareholders who were fixed in the Company's shareholders list
kept by the Estonian Central Registry of Securities on 14 April 2010 at 11:59
p.m. per each share possessed at such time. 

In course of the allocation of the Offer Shares, investors who submit a
subscription undertaking for the Offer Shares at the terms and conditions
specified in the offering and listing prospectus (the “Prospectus”) during the
Offer Period (see below), and on 2 May 2010 at 11:59 p.m. hold Subscription
Rights on their securities accounts will be allocated the Offer Shares in
priority at the rate pursuant to which 2.33 (two point thirty three)
Subscription Rights shall grant the right to be allocated 1 (one) Offer Share.
In case all Subscription Rights are used to subscribe for the Offer Shares, the
Offering will be performed in full. 

The Company has submitted an application to list the Offer Shares on the Main
List of the NASDAQ OMX Tallinn Stock Exchange and to list the Subscription
Rights on the NASDAQ OMX Tallinn Stock Exchange. Trading in the Subscription
Rights takes place under the same terms and conditions as trading in any other
shares on the NASDAQ OMX Tallinn Stock Exchange. Trading in the Subscription
Rights starts today, on 16 April 2010, and will end on 27 April 2010. Trading
in the Offer Shares is expected to commence on 10 May 2010. 

2.	Term and procedure for submission of subscription undertakings

During the Offer Period (see below), all natural and legal persons residing or
located in Estonia and qualified investors in and outside Estonia may submit
subscription undertakings for the Offer Shares, regardless of whether or not
such persons hold Subscription Rights. The Company has the right to prolong the
Offer Period by 15 days after the end of the Offer Period, by making such
notice through the NASDAQ OMX Tallinn Stock Exchange and the same newspaper in
which this notice was printed. 

In order to submit a subscription undertaking, an investor must have a
securities account with the Estonian Central Registry of Securities. As at the
moment of this notice, securities accounts may be opened at the following
custodians: Swedbank AS, AS SEB Pank, Nordea Bank Finland Plc Estonian branch,
Danske Bank A/S Estonian branch, AS LHV Pank, AS Eesti Krediidipank, Marfin
Pank Eesti AS, Svenska Handelsbanken AB (publ) Branch Operations in Finland,
Tallinna Äripanga AS and AS Parex banka Estonian branch. 

In order to submit a subscription undertaking, an investor must register with
his custodian a subscription undertaking that complies with the terms and
conditions specified in the Prospectus in the manner accepted by the custodian
(e.g. at a branch or through the Internet) during the Offer Period. 

3.	Offer Price

The offer price is EEK 13.77 (EUR 0.88) per Offer Share. 

4.	Schedule for Offering

The following are key dates connected with the Offering:

16 April 2010 at 10.00 a.m.	Start of the Offer Period and beginning of trading
with Subscription Rights on NASDAQ OMX Tallinn Stock Exchange 
27 April 2010	Subscription Rights trading for the last day on NASDAQ OMX
Tallinn Stock Exchange 
3 May 2010 at 2.00 p.m.	End of the Offer Period
4 May 2010	Publication of results of the Offering through NASDAQ OMX Tallinn
Stock Exchange 
On or about 7 May 2010 	Transfers of cash and delivery of the Offer Shares
On or about 10 May 2010	First day of trading in the Offer Shares on NASDAQ OMX
Tallinn Stock Exchange 

5.	Prospectus

Before participating in the Offering, we recommend investors carefully examine
the Prospectus prepared for the Offering. The Prospectus contains detailed
information concerning the Company and the Offering. 

The Prospectus and its summary in Estonian are available in an electronic form
on the website of the Financial Supervision Authority (www.fi.ee) and on the
website of the Company (www.egrupp.ee). A paper copy of the Prospectus and its
summary in Estonian are available in the office of the Company at Narva Road
11E, Tallinn, 6th floor (on business days from 10:00 a.m. to 4:00 p.m.) until
the end of the Offer Period. 

An investor may request that a Prospectus be sent free of charge to an address
given by it, by calling (+372) 613 1355. The same number also offers investors
additional information concerning the submission of subscription undertakings
and the performance of transfers. The line does not advise investors in
financial, legal or taxation matters, offer opinions concerning the Offering or
the Company, or make recommendations whether or not to make the decision to
invest. If you wish to obtain advice in financial, legal or taxation matters
related to the Offering, we recommend investors to consult with professional
advisers. 

THIS OFFERING, THE OFFER SHARES AND SUBSCRIPTION RIGHTS HAVE NOT BEEN
REGISTERED, NOR WILL BE REGISTERED UNDER THE U.S. SECURITIES ACT OR ANY OTHER
COUNTRY'S LEGISLATION REGULATING THE SECURITIES MARKET (EXCEPT ESTONIA). THE
OFFER SHARES AND SUBSCRIPTION RIGHTS MAY NOT BE OFFERED OR SOLD IN THE UNITED
STATES OF AMERICA. IN ADDITION, THE OFFER SHARES AND SUBSCRIPTION RIGHTS MAY
NOT BE OFFERED OR SOLD IN ANY OTHER COUNTRY EXCEPT IN ACCORDANCE WITH LOCAL
LEGISLATION REGULATING THE SECURITIES MARKET. 

The lead manager of the Offering is Swedbank AS.

Additional information:
Gunnar Kobin
Chairman of the Management Board
Mobile: +372 5188 111
e-mail: gunnar@egrupp.ee