The consolidated unaudited sales revenue of Tallinna Kaubamaja Group for the first half-year 2009 was 3.2 billion kroons (203.3 million euros), 1.7 billion kroons (105.8 million euros) of which were earned in the second quarter. The sales revenue for the first half-year 2008 was 3.0 billion kroons (193.2 million euros). The sales increased by 5.1%. The consolidated sales revenue of the supermarket business segment for the first half-year 2009 was 2.35 billion kroons (149.9 million euros), 21% more than in the same period last year. In the second quarter of 2009, the consolidated net sales of Selver were 1.2 billion kroons (77.4 million euros), an increase of 26% compared to the same period of the previous year. The consolidated sales revenue of Selver per retail space square metre was 5.4 thousand kroons a month in the first half-year, a 23% decrease compared to the same period last year. Comparable store sales per retail space square metre were 6.0 thousand kroons a month, showing a decrease of 18% from the same period of the previous year. The overall economic recession, the larger percentage of special offer products in consumers' market basket as well as in the assortment of Selver`s marketing campaigns, the lower sales efficiency of new stores during their launch period, and the reduced sales efficiency in stores where commercial space was extended in 2008 have had a negative impact on the sales efficiency of the Selver supermarket chain. In the first half-year of this year Selver opened two new stores in Estonia, one in Narva and the other in Kakumäe in Tallinn, and four new stores in Latvia in the following locations: Kuldiga, Daugavpils, Salaspils, Aizkraukle. The total increase of retail space in supermarket segment was 7944 square metres in the first half of 2009. In the first half-year, 16.9 million purchases were made in the Selver chain, 29% more compared to the same period of the previous year. In the department store segment, the sales revenue for the first half-year 2009 was 583.3 million kroons (37.3 million euros), falling by 20.4% compared to the same period last year. In the second quarter the sales revenue accounted for 306.7 million kroons (19.6 million euros), which was lower by 19.7% compared to the same period a year ago. The sales revenue of department stores per square metre was 4.1 thousand kroons a month in the first half-year, 23% less than for the same period last year, which was 5.3 thousand kroons a month. The total retail space of department store segment, however, has increased by 658 m2, that is 3% more compared to the same time a year ago. In addition to the overall reduction of consumption, the sales revenue dropped further due to the comprehensive renovation commenced in the first quarter in the Beauty Department (Ilumaailm), the moving of Youth Fashion Department (Noortemaailm), and the completion of the new Women's Shoe Department (Naiste Kingamaailm) in March. This year the period of discount sales began earlier than last year, affecting the second quarter sales revenue, which is why the second quarter sales revenue decline compared to the previous year was smaller than in the first quarter. The first half-year sales revenue of real estate business segment outside the Group was 21.8 million kroons (1.4 million euros), a 6.5% year-on-year increase, including the second quarter sales 10.5 million kroons (0.7 million euros). In the first half-year, two Selver stores were completed in Latvia: Salaspils Selver in January and Rezekne Selver in April. The sales revenue of the car trading business segment for the first half-year 2009, transactions between segments not included, was 147.7 million kroons (9.4 million euros), which is 53% lower than the revenue in the same period last year. In the first half-year, altogether 761 cars were sold. At the same time in 2008, the sales revenue from the sale of 1325 cars was 315.4 million kroons (20.2 million euros). The sales revenue for the second quarter of 2009 was 84.9 million kroons (5.4 million euros), and altogether 357 cars were sold. The sales revenue for the same period in 2008 was 179.2 million kroons (11.5 million euros) with 808 cars sold. A continuing steep fall in the car trading market was seen in the second quarter. In Estonia, 2586 new motor-cars were registered in the second quarter, which is 66% less than a year ago. In Latvia, 1350 new cars were registered in the second quarter, which constitutes a 77% market drop, and in Lithuania 1969 new cars were registered, which is 70% less than a year ago. The decrease in the car market was 66% in Estonia, 78% in Latvia and 70% in Lithuania. The sales revenue from footwear trade in the second quarter of 2009 was 39.6 million kroons (2.5 million euros), and the total result for the first half-year was 79.9 million kroons (5.1 million euros). The Suurtüki chain, which was obtained in April last year, generated 16.8 million kroons (1.1 million euros) in sales in the second quarter, a decline of 35.5% compared to the same period last year when the sales were 26.1 million kroons (1.7 million euros). At the beginning of June, an ABC King store opened for business in Port Artur 2 centre in Pärnu, introducing their new concept. This is the first tangible result of the almost year-long development project, during which a new concept for ABC King was developed and the 15-year-old visual identity was renewed. Of the 34 shoe shops belonging to the Group's two shoe shop chains, 28 are located in Estonia and 6 in Latvia. The first store of the beauty store chain I.L.U. was opened in the new Pärnu shopping centre in the second half of March. The store earned a sales revenue of 2.0 million kroons (0.2 million euros) in the second quarter. The total sales revenue in the first half-year was 2.5 million kroons (0.2 million euros). The next I.L.U. beauty store chain store will open their doors in November in Rocca al Mare and Tartu Lõunakeskus shopping centres. For 2010, there are plans to open a store in the Kristiine shopping centre, as well as the first store in Latvia. Raul Puusepp Chairman of the Board Phone: +372 731 5000