The consolidated unaudited revenue of Tallinna Kaubamaja Group for the first half of the 2008 were 3.0 billion kroons (193.5 million euros). Revenues for comparable period in last year were 2.7 billion kroons (174.6 million euros). The sales increased by 11 %. The sales of A-Selver for 6 months of 2008 were 1.9 billion kroons (123.5 million euros), growing 12 per cent over the same period last year. The sales for comparable period in last year were 1.7 billion kroons (110.2 million euros). The average monthly sales per square meter of sales area for 6 months of 2008 were 7.1 thousand kroons, showing one per cent decrease over the last year. Efficiency and sales were negatively impacted by extensive reconstruction works in three strategically located stores; in Järve and in Pirita Selver in Tallinn and in Krooni Selver in Rakvere. During 6 months of 2008 the number of purchases amounted to 13.1 million, showing 4 per cent increase over the last year. The sales in department stores business segment for first half of 2008 were 733.4 million kroons (46.9 million euros), increased by 6 per cent over the same period last year. The average monthly sales per square meter of sales area for the first half-year of 2008 were 5.3 thousand kroons per month; this is 5 per cent more than in the same period last year. The sales in real estate business segment for 6 month of 2008 were 20.7 million kroons (1.3 million euros), increasing by 19 per cent to comparable period last year. Automotive business segment sales for the first half of 2008 were 315.4 million kroons (20.2 million Euros), growing 6 per cent over last year. The result was influenced by less expensive cars being sold in 2008. In all, 1325 new cars were sold, which is 193 units more than the year before. In April, Tallinna Kaubamaja group entered into footwear retailing by acquiring AS Suurtüki NK. Revenue in the footwear segment was 26.1 million kroons (1.7 million Euros) in the three months (April - June). The results were in line with the management's expectations, reflecting a slowdown in the growth of consumption. Raul Puusepp Chairman of the Board Phone: +372 731 5000