Tiimari Oyj Abp - Company Announcement

TIIMARI HAS AGREED ON ITS BANK FACILITIES AGREEMENT’S FINANCIAL COVENANTS FOR YEARS 2011–2014 AND ON STRENGHTENING OF ITS LIQUIDITY

Tiimari Plc
Stock exchange release 29 December 2011 at 15.55

Tiimari Group has agreed on its bank facilities agreement's financial covenants
regarding EBITDA, minimum liquid assets and equity ratio for years 2011 to 2014
and on an increase to the bank guarantee facility provided by the facilities
agreement by EUR 0.4 million to 2.6 million. 

At the same time the company has strengthened its liquidity by agreeing with
its parent company Unioca Ltd on an unsecured loan of EUR 2.0 million and with
its bank financier on the ongoing right to utilize, in deviation of the
previous bank facilities agreement's so called cleandown terms and conditions,
the EUR 14.0 million revolving credit and overdraft facilities up to EUR 2.0
million on January 2012. 

TIIMARI PLC
Niila Rajala, CEO


Further information:
CEO Niila Rajala
tel. +358 (0)3 812911, e-mail: niila.rajala@tiimari.fi


Distribution:
NASDAQ OMX Helsinki
Main media
www.tiimari.com


Tiimari Plc is a listed company. The group consists of two retail shop
concepts: Tiimari and Gallerix. These two concepts do business in five
countries within the Baltic Sea region and there are altogether nearly 300
shops. All concepts belong to the forerunners of their market segment.