2005.10.20, Sportland International Group, TLN

AS Sportland International Group        STOCK EXCHANGE RELEASE            20.10.2005



RESOLUTIONS OF THE SHAREHOLDERS’ GENERAL MEETING



On the 16th of October 2005 Sportland International Group AS General Meeting adopted

the next resolutions:



1. Articles of Association part II „Share Capital and Shares” article 2.1 will be

changed as follows:

2.1 The minimum amount of share capital is nine hundred thousand (900,000.00) kroons

and maximum amount of share capital is three million six hundred thousand

(3,600,000.00) kroons;



2. Articles of Association, part II „Share Capital and Shares” will be completed by

article 2.6. as follows:

2.6. The Company can issue convertible debentures if the General Meeting will adopt

the resolution; 



3. To increase Sportland International Group AS capital and reserves by ten million

kroons by set-off of claims as non-monetary payment, of which twenty thousand kroons

is increase of share capital and 9,980 thousand kroons is increase of share premium.

Subscription order of shares takes place on the day of  resolution as follows:

AS Jalajälg - 20 registered shares with denomination of 1000 kroons per share.





Additional information:

Anti Kalle

Member of the Board

+372 6548400