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Published: 2012-10-10 15:00:00 CEST
Apranga
Notification on material event

Revised turnover and expansion plans of Apranga Group in 2012

Vilnius, Lithuania, 2012-10-10 15:00 CEST -- Given the better than expected sales results in the first nine months of 2012, also taking into consideration the realization of planned and additional stores opening and reconstruction projects, Apranga Group increases the year 2012 forecast of retail chain turnover by LTL 58.2 million (EUR 16.9 million) from LTL 461.8 million (EUR 133.7 million) to LTL 520.0 million (EUR 150.6 million).

Apranga Group plans that investments into development and renovation of the chain will amount to LTL 18-20 million in 2012. The Group will open 17 new stores during 2012, and 9 stores will be totally reconstructed.

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