XXL.EE

ANNOUNCEMENT



TAX BOARD PRESCRIPTION



The Tax Board ordered AS XXL.EE to make additional payment of value-

added tax in the amount of EEK 2,409,358, plus EEK 764,220 interest. 

The claim is related with the alleged tax evasion under the former 

management of AS XXL.EE in 1998, when the company was still operating 

under Pennu Computer Technology Group business name. AS XXL.EE finds 

that the prescription is groundless, and intends to dispute it in the 

order prescribed by law.



On 15.09.1999 criminal suit was filed against the former export 

manager of Pennu Computer Technology Group in the same case; however, 

on 04.04.2000 additional investigation was started as no evidence was 

found against him. AS XXL.EE is the civil defendant in the criminal 

case. No evidence has been presented to connect AS XXL.EE with the 

alleged tax evasion.





Arho Anttila - arho@xxl.ee

chief executive

+372 65 07 500