Name change for subsidiary


Tallinna Kaubamaja AS subsidiary A-Selver AS (Group's shareholding 100 per cent) new business name is Selver AS. The respective change was made in the Commercial Register on February 14, 2011. The name change in subsidiary was made to reconcile the business name to the brand name used on a daily basis. Name change does not constitute changes in operations. General contact information will remain unchanged. The name changes will not affect Tallinna Kaubmaja group economic activities and the interests of its shareholders.

         Raul Puusepp
         Chairman of the Board
         Phone +372 731 5000