AS BALTIKA                       ANNOUNCEMENT                       07.12.2005



BALTIKA'S SALES IN NOVEMBER



The consolidated net sales of Baltika Group in November totalled EEK 58.9

million, up 14% compared with the corresponding month of last year. In comparable

terms, if we eliminate subcontracting sales from last year's figures, the net

sales of Baltika Group increased 28% yoy in November. Retail sales posted a solid

growth of 32% reaching EEK 49.5 million. Wholesale sales grew 5% yoy to EEK 8.5

million. As the traditionally strong wholesale period is over, the share of

retail sales in total monthly sales increased to 84%.



 Sales figures in November



 EEK million       11/2005    11/2004     Change  

                                           

 Retail sales         49.5       37.4        32%     

 Wholesale             8.5        8.1         5%      

 Subcontracting          0        6.0      -100%   

 Other sales           0.8        0.2       320%    

 Total                58.9       51.7        14%     





All the Baltika's brands showed strong sales growth in November. The sales of the

fast fashion brand Monton grew 30% yoy to EEK 25.3 million and accounted for 51%

of the total retail sales in November. The retail sales of CHR/Evermen grew 56%

compared with the same month of last year and totalled EEK 15.2 million. The

sales of Baltman expanded by 39% yoy reaching EEK 6.3 million.



In addition, all the main retail markets posted fast sales growth on an annual

basis. The best performing retail markets in November were Ukraine (+53% yoy),

Latvia (+44%) and Estonia (+40%).



In November, Baltika opened two new stores in Mega shopping centre in Kazan,

Russia. As of the end of the month, Baltika Group operates 82 shops with the

total sales area of 12,119 m2. In December, Baltika plans to open three new

stores, all in Akropolis shopping centre in Klaipeda, Lithuania.



Cumulative eleven month sales of Baltika amounted to EEK 616 million (+15% yoy),

including retail sales of EEK 486 million (+29%) and wholesale of EEK 118 million

(+3%). Comparable eleven-month sales of this year expanded 23% yoy.



1 EUR = 15.6466 EEK





Triin Palge

Head of investor relations

+372 630 2886