Tiimari Oyj Abp - Company Announcement

TIIMARI PLC: TIIMARI PLC 'S CONVERTIBLE CAPITAL LOAN 2011 OVERSUBSCRIBED

TIIMARI PLC         Stock Exchange Release 31 January 2011



TIIMARI PLC 'S CONVERTIBLE CAPITAL LOAN 2011 OVERSUBSCRIBED

Tiimari PLC 's EUR 3 million convertible capital loan issued on 30th December
2010 was oversubscribed during the subscription period that expired today. The
Board of Directors has decided on the allocation of the loan. Because of the
oversubscription, the subscription of Virala Oy Ab that gave a subscription
guarantee to Tiimari PLC was cut according to the subscription guarantee
contract. In the final allocation, EUR 1.9 million of the loan was allocated to
Virala Oy Ab, EUR 0.85 million to the other subscription guarantors in total
and EUR 0.25 million to other subscribers in total. 

The loan terms are accordant with the decision made by the Board of Directors
on 30th December 2010: the annual interest of the loan is 9 %, the interest is
paid annually on 31st March, the loan expires on 31st March 2014 and is
convertible to shares during the time between 1st April 2011 and 17th March
2014. The original conversion rate is 0.96 Euros/share. On the grounds of the
loan, the share quantity of Tiimari PLC may increase by 3,125,000 shares at
maximum. 

The aggregate loan terms are published in Tiimari PLC 's stock exchange release
on 30th December 2010. 


Helsinki, 31st January 2011

Hannu Krook, Managing Director
Tiimari Oyj Abp



Further information:

Managing Director Hannu Krook
tel. + 358 (0)3 812911, e-mail hannu.krook@tiimari.fi

Chief Financial Officer Kai Järvikare
tel. +358 (0)44 7129475, email kai.jarvikare@tiimari.fi



Distribution:

NASDAQ OMX Helsinki
Main sources of information



Tiimari Plc shares are listed at Nasdaq OMX Helsinki Plc. The Group comprises
two retail shop concepts, Tiimari and Gallerix. The concepts operate nearly 300
shops in five countries within the Baltic Sea region. Both concepts belong to
the forerunners within their business segments.