Tallinna Kaubamaja               STOCK EXCHANGE RELEASE                 16.06.2005



NEW TARTU KAUBAMAJA HAS FOUND OPERATORS



New Tartu Kaubamaja has found operators to whole sales area amounting 15700 sq m.

There will be 62 operators in new Tartu Kaubamaja. Brands like Terranova, House,

The Body Shop, Chicco, Spantal Sport and Jetty which are not represented in Tartu

at the moment, will be in shopping center. Tallinna Kaubamaja as a biggest operation

in shopping center will bring new brands to Tartu and widen its range of goods.



The building costs of shopping center will be about 250 million EEK and the land costs

are 20 million EEK. The total area is 31 887 sq m, 15 659 sq m from this is sales area.

There will be a parking area for 227 cars in building. About 12000 to 14000 customers

will vist the building per day.





Raul Puusepp

The Chairman of Board

Phone: +372 7 315 000