Apranga APB - Notification on material event

On Apranga Group network optimization and lease contract termination

During the year 2009 the leader of retail apparel market in Lithuania and the
Baltic States Apranga Group has opened 21 new stores, 6 stores reorganized to
new concept and closed 13 stores. In order to mitigate the consequences of the
economic crisis by launching a network restructuring and optimization in the
last 6 months reduced the area of the stores by 10% to 63.4 thousand. sq. m. 

At the end of September 2009 Apranga Group has closed and the largest store of
their network 3059 thousand sq. m. „City“ store, located in Vilnius, Gediminas
Avenue. Apranga APB and Gedimino 20 UAB, the owner of the premises, agreed
lease contract termination agreement between the parties. 

At present Apranga Group operates the chain of 109 stores in Baltic States: 74
in Lithuania, 29 in Latvia, and 6 in Estonia. 

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

Rimantas Perveneckas
Apranga Group Director General
+370 5 2390801