AS Ekspress Grupp's merger with 100% subsidiary AS Maaleht

On 30.12.2009, AS Ekspress Grupp and AS Maaleht signed a merger agreement and
at the end of the merger proceeding AS Maaleht is deemed to be liquidated. The
share capital of AS Ekspress Grupp will not be increased as a result of the
merger. As AS Ekspress Grupp is the sole shareholder of AS Maaleht, no merger
report will be compiled. 

The acquiring company will continue business under the name AS Ekspress Grupp.
At the merger, the company being acquired transfers all its assets to the
acquiring company. The company AS Maaleht was transferred to Eesti Ajalehed AS
on 01.10.2009 (see stock exchange release from 02.09.2009). The balance day of
the merger is 1.12.2009. With regard to the merger, no fringe benefits will be
granted to the members of the management board and supervisory board of the
companies participating in the merger. The parties of the merger agreement are
connected persons within the meaning of the rules and regulations of Tallinn
Stock Exchange. 

Additional information:
Gunnar Kobin
Chairman of Management Board
GSM: +372 5188111
E-mail: gunnar@egrupp.ee