AS BALTIKA

ANNOUNCEMENT

17.08.99

 

 

In accordance with AS Baltika strategy to enter the Polish market 

as a 

part of its Baltoskandia target market, the company has taken the 

following steps:

 

- In August, AS Baltika established in Poland a wholly owned 

subsidiary 

Baltika Poland Sp.z.o.o., the share capital of which totals 25.0 

thousand DEM; 

 

- the company concluded a framework agreement for cooperation with 

the 

largest Polish department store chain Domy Towarowe "Centrum" and 

sold 

them the first consignment;

 

- in August, Baltika Poland will present its Christine Collection, 

Baltman and Evermen collections at the Polish largest fashion fair 

in 

Poznan.

 

 

Meelis Milder

Member of the Management Board

+372 63 02 731