Apranga APB - Notification on material event

Establishment of subsidiary of Apranga APB in Latvia

Vilnius, Lithuania, 2011-12-01 11:35 CET (GLOBE NEWSWIRE) -- Apranga APB
established the 16th of its subsidiary Apranga MLV SIA, which will operate
Massimo Dutti stores in Latvia under agreement with Inditex. The established
company has share capital of LVL 60 thousand (EUR 86 thousand). 

First Massimo Dutti store opening in Riga is expected in March 2012 in shopping
mall Spice. 

Shares of Apranga APB 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