Apranga
Notification on material event

Regarding franchise agreement with Burberry Limited

Vilnius, Lithuania, 2012-03-01 08:02 CET -- Apranga Group, the leading fashion retailer of Lithuania and the Baltic States, signed a franchise agreement with Burberry Limited to open Burberry stores in three Baltic countries. The first Burberry stores in Riga, Latvia and Tallinn, Estonia will be opened in the second half of 2012.

Burberry is a global luxury brand with a distinctive British heritage, core outerwear and large leather goods base and one of the most recognised icons in the world. At 31 December 2011, Burberry had 189 retail stores, 208 concessions, 46 outlets and 56 franchise stores. Burberry, which is headquartered in London, was founded in 1856. It is listed on the London Stock Exchange (SRBY.L) and is constituent of the FTSE 100 index.

Currently Apranga Group operates a chain of 121 stores in the Baltic States: 78 in Lithuania, 32 in Latvia and 11 in Estonia.

Shares of Apranga are listed on Baltic equity list on NASDAQ OMX Vilnius Stock Exchange. Majority shareholder of Apranga Group is concern MG Baltic.

         Rimantas Perveneckas
         Apranga Group Director General
         +370 5 2390801