TALLINNA KAUBAMAJA DIVIDEND


Tallinna Kaubamaja AS (trading code TKM1T) will close the list of
shareholders for dividend payments on May 23, 2008 at 23.59.

Proceeding from the above, the shares of Tallinna Kaubamaja are traded
cum-dividend for the year 2007 for the last day today, May 20, 2008.
The shares will go ex-dividend for the year 2007 on Wednesday, May 21, 2008.

Tallinna Kaubamaja AS will pay dividends EEK 2 (EUR 0,1278) per share.


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