AS Ekspress Grupp completed the sales transaction of AS Ekspress Hotline


On 25 February 2010, AS Ekspress Grupp concluded an agreement on completion of
the sales transaction of AS Ekspress Hotline. The final amount of the
transaction was EEK 75.2 million (EUR 4.8 million). In the course of
negotiations, it was decided to restructure the transaction so that the sales
amount will be paid by the purchaser immediately instead of the earlier
five-year term, and AS Ekspress Grupp will reduce the sales amount to EEK 11.4
million (EUR 0.7 million). The economic results for Q3 2009 included the sales
transaction in the amount of EEK 86.6 million (EUR 5.5 million), therefore AS
Ekspress Grupp additionally writes off goodwill of AS Ekspress Hotline in the
amount of EEK 11.4 million (EUR 0.7 million) in Q4 2009. 



Additional information:
Gunnar Kobin
Chairman of the Management Board
GSM: +372 5188111
e-mail: gunnar@egrupp.ee
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