Tallinn Stock Exchange                 NEWS RELEASE                     03.11.2005



ABOUT LISTING OF SPORTLAND INTERNATIONAL GROUP BONDS



The Listing and Surveillance Committee of the Tallinn Stock Exchange decided 

on September 13, 2005 to satisfy the listing application of Sportland International  

Group and to conditionally list 250,000 bonds issued by Sportland International 

Group AS in the Bonds' list of the Exchange.



The decision takes effect on November 7, 2005, provided that by November 1, the 

following conditions have been met:



- Sportland International Group AS has adequately and  clearly  described  to

the Exchange the reasons for the loss in the first half of 2005;



- Sportland International Group AS has adequately and clearly described to

the Exchange their development plans and the means for ensuring sustainable

development, taking into consideration the nature of the short-term obligations

granted to them, including overdraft credit;



- Sportland International Group AS has presented to the Exchange their

statement regarding the fulfilment of debt obligations so far;



- Sportland International Group AS has adequately and clearly described to

the Exchange from which account the securities shall be redeemed and what shall

happen in case Sportland International Group AS encounters payment difficulties

at the redemption of securities or interest payments;



- Sportland International Group AS has compiled and presented to the Exchange

a report of up to 5 pages in length, regarding their economic situation and

risks, which has clearly and concisely explained to investors the main risks

resulting from the  operations, including an explanation of the above named

conditions. This summary shall be prepared and published as an annex to the

prospectus;



- In addition to its own annual reports, Sportland International Group AS

will publish via the Exchange information system the annual reports of AS

Jalajälg;



- Sportland International Group AS has changed face value of the listed

securities, raising it to one hundred thousand (100,000) Estonian kroons;



- Sportland International Group AS has presented to the Exchange the

confirmation of AS LHV, the organizer and advisor of the tender and listing

procedure and advisor, in the form appended to the present decision;



- after fulfilment of the above named conditions, Sportland International

Group AS has presented to the Exchange a report that contains information

regarding the fulfilment of the conditions.





The requirements set in the conditional listing decision of September 13, 2005 

are met as of 01.11.2005. On the basis of the referred decision, the bonds of 

Sportland International Group AS will be listed in the Bonds' List of the 

Tallinn Stock Exchange as of Monday, November 7, 2005.





Information related to Sportland International Group AS in the trading system:

Issuer's full name - Sportland International Group AS 

Issuer's short name - SPI

Instrument and orderbook short name - SPIB120006AB

List - Bonds' List

Minimum quantity - 1

Number of listed shares - 250

ISIN - EE3300073451





Tallinn Stock Exchange

Market Services

+372 640 8800