Tallinna Kaubamaja            NEWS RELEASE                08/16/2004 12:00



RESULTS OF A-SELVER FOR JULY



The unaudited gross sales of A-Selver, 100% subsidiary of Tallinna Kaubamaja

AS, for July this year were 141.4 million kroons (9.1 million euros). The

gross sales of the comparable period last year were 112.4 million kroons

(7.2 million euros).



The increase in sales amounted to 26 per cent in July. The biggest growth in

sales was shown by Merimetsa Selver and Krooni Selver and Selver Cuisine

with the respective growth figures of 60, 35 and 48 per cent.



In July the number of purchases in Selver Chain was 1.1 million, showing a

14 per cent increase over the last year.



The main sources of the increase in sales in July were Fair Days targeting

price sensitive segments and a successful launch of Saare Selver opened in

June.





Katrin Mühls

CFO and Sales Director

+372 6 673 200