Baltika                       NEWS RELEASE                      04/30/2003



CONTRACT TO SELL MONTON IN FINLAND



Baltika Group signed a contract to start selling Monton in Finland



Baltika Group signed a contract with Finnish retail chain RIVERco

to open in August 2003 at RIVERco outlets Monton shop-in-shop

concepts to start offering Baltika’s retail brand Monton also to

Finnish customers. Finland is the seventh country where Monton

will be sold. In addition to the Baltic States, Monton can be

bought in Poland, Russia and in the Ukraine. In five countries

where Montons client programme Monton World is available more

than 25 000 people have joined it during the 8 months.



RIVERco is a Finnish specialty apparel retail chain, which offers

stylish and relaxed clothing for youthful men and women. RIVERco

is selling men’s wear from Ross River, McGregor, Melka, Turo

Tailor and St. Jaques collections; for ladies it merchandises

collections from B-Young, Glenfield, Fransa, More & More, Pola

and Nanso. RIVERco shops are located in Helsingi, Espoo, Turku,

Pori and Seinäjoki. RIVERco is the first retail chain where

Monton can be bought in Finland.





Meelis Milder

CEO

+372 6302 731