Tiimari Oyj Abp - Company Announcement

THE NET PROFIT FOR TIIMARI GROUP IN 2008 IS EXPECTED TO BE NEGATIVE

Tiimari Plc         Stock Exchange Release February 09, 2009 at 13.15           


THE NET PROFIT FOR TIIMARI GROUP IN 2008 IS EXPECTED TO BE NEGATIVE             

Tiimari estimates that its profit for the last quarter in 2008 will not cover   
the losses made during the three first quarters and therefore the net profit for
the whole year will be negative.                                                
The increased cost levels due to inflation in salaries and leases, the          
non-recurring costs caused by closing down production in Kokkola, in-sourcing of
the economy function and integration of Gallerix activities on top of the heavy 
investments in developing international activities have increased the cost      
levels. Nor did the Christmas sales reach the set targets with the general      
retail sales developing poorly towards the end of the year.                     

Tiimari Group has launched an eight million euro annual performance improvement 
programme. Most of the savings will be realized  during 2009. The programme     
includes amongst others savings in working hours in shops, closing down of      
activities in Russia and Norway and increasing the sales margin levels and      
improving efficiency in logistics.                                              

The working hours in shops will be adjusted by decreasing hired personnel.      
Closing down of the Russian and Norwegian activities will result in some        
non-recurring asset write-offs and there will be no major negative cash-flow    
effects.                                                                        


Tiimari Plc                                                                     
Kristina Illi                                                                   
CEO                                                                             

Further information: CEO Kristina Illi                                          
tel. + 358 (0)400 408 889                                                       

Tiimari Plc is a listed company. The group consists of three retail shop        
concepts: Tiimari, Gallerix and Paperazzi. These three concepts do business in  
eight countries within the Baltic Sea region and there are altogether nearly 300
shops. All three concepts belong to the forerunners of their market segment. In 
the corporation there is also a company called Tiimore Oy which specialises in  
corporate gifts and sales promotion solutions.