On October 9, 2007 Tallinna Kaubamaja group founded its 100% subsidiary TKM Beauty OÜ in Estonia. The share capital of TKM Beauty OÜ is 40,000 kroons (2,556 euros). The member of the Board is Lea Endrikson. The purpose of the founded company is the development and coordination of the pan-Baltic beauty store chain. TKM Beauty OÜ will establish in each of the Baltic States a separate subsidiary, which will be responsible for the establishment and operations of the beauty store chain in each country. Proceeding from that, on October 12, 2007 application was submitted to the Estonian commercial register to found TKM Beauty Eesti OÜ as a 100% subsidiary of TKM Beauty OÜ. The share capital of TKM Beauty Eesti OÜ is 40,000 kroons (2,556 euros). The member of the Board is Lea Endrikson. This company will be responsible for the establishment and operations of the beauty stores in Estonia. Raul Puusepp The Chairman of Board Phone: +372 7 315 000