Apranga APB - Notification on material event

On Apranga Group revised operating targets for 2008

After evaluation of the impacts of negative tendencies on the retail markets of
the Baltic States and late openings of the big new shopping centres to the
Group's operations, the Apranga Group has to revise operational plans for 2008.
It is planned to reach gross retail turnover (including VAT) of LTL 510 million
(EUR 148 million) in 2008, or 16.6% more than in 2007. It is expected to earn
LTL 18.5 million (EUR 5.4 million) profit before taxes in 2008, or 38.4% less,
than in 2007. 

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