Apranga APB - Notification on material event

On establishment of subsidiary of APB Apranga in Latvia

APB Apranga established a subsidiary SIA Apranga SLV, which will operate
Stradivarius stores in Latvia under agreement with Inditex. 

The first Stradivarius store in the Baltic States was opened in April 2008.
Currently Apranga Group operates 4 Stradivarius stores in Lithuania. First
Stradivarius store opening in Riga is expected in spring of 2009. 

Shares of Apranga are listed on Baltic equity list on Vilnius Stock Exchange.
Majority shareholder of Apranga Group is concern MG Baltic. 

Rimantas Perveneckas
Apranga Group Director General
+370 5 2390801