Market announcement
AS Ekspress Grupp
Category
Other price sensitive information
Date
17.11.2008 12:12:52
Title
Explanation to the article in Äripäev on 17. November 2008
Message
Äripäev writes today that AS Ekspress Grupp having a hugh loan is looking for decrease its outstanding debt aimed at increasing the share price and get away from threatening claim for additional guarantee and is considering a sale of AS Printall and AS Rahva Raamat. Postimees Online repeats the same. AS Ekspress Grupp confirms that paying back of the syndicate loan goes according to the schedule, the loan is adequately secured and there is no ground for banks for asking additional guarantees. This is exacty what we replied to Äripäev last Friday, but Äripäev considered right to set the opposite, which is the spread of the lie in fact, as the headline of its first page. AS Ekspress Grupp does not plan to sell either the shares of AS Printall or the shares of AS Rahva Raamat at the moment. Currently there is a sale of the unimproved land plot located in St. Petersburg Road owned by AS Pritall in process. Anne Kallas Member of the board AS Ekspress Grupp Tel: (+372) 669 8080 e-mail: anne.kallas@egrupp.ee