Market announcement

Title

EEG: AS Ekspress Grupp to reorganise management of SIA Delfi Holding

Message

Ekspress Grupp                  Company Announcement                  12.01.2011

AS Ekspress Grupp to reorganise management of SIA Delfi Holding



Tallinn, Estonia, 2011-01-12 16:57 CET (GLOBE NEWSWIRE) -- The Supervisory
Board of SIA Delfi Holding has decided to reorganise the management of Delfi
organisations in the Baltic States and in Ukraine. 

During the reorganisation, supranational central management of Delfi will be
abolished and the management of Delfi in the Baltic States and Ukraine will
continue through the local management and supervisory boards. During many years
of activity, all Delfi's local management boards have proven professional
skills to manage the biggest internet media company and have also successfully
led Delfi through the economic recession cycle. Therefore, the Supervisory
Board does not see the need for the central supranational management body. 

In additon, the Supervisory Board seeks to improve the quality and speed of the
development activities. Therefore, a new technology company will be formed
based on Delfi's former development department. The purpose of the company will
be to ensure elaboration of the best technological innovations for all Delfi
organisations. Since the developments in the media industry in the coming years
are particularly related to technological innovations, the second purpose of
the company will be to serve ohter companies of AS Ekspress Grupp and thereby
ensure tecnological development of the entire Group. 

Based on the above, from 13 January 2011, acting CEO of the Delfi central
management Sven Nuutmann will be called back from the management boards of AS
Delfi and SIA Delfi Holding and from the supervisory board of AS Delfi (Latvia)
and UAB Delfi. 






         Additional information:
         Gunnar Kobin
         Chairman of the Management Board
         GSM: +372 5188111
         E-mail: [email protected]