As the last step in strengthening its financial position, Baltika Group has signed debt refinancing agreements of 17.1 million euros in aggregate and guarantee facility agreements of 2.9 million euros in aggregate with AS Swedbank and Nordea Bank Finland Plc Estonian Branch. The agreements concluded in November this year will mature on 31 December 2014. The transactions involved consolidating a number of different loans, both short- and long-term ones, and aligning the settlement schedules with the Group's real cash flow capabilities in the next few years. As a result of refinancing, the Group's current to non-current loans ratio is approximately 5%/95% in place of the former 40%/60%. Management believes that successful implementation of the financial reinforcement package will ensure the Group with a sustainable financial position for exiting the economic crisis and achieving its strategic objectives until the end of 2014. Ülle Järv CFO, Member of the Management Board +372 630 2731