Market announcement

TKM Grupp AS

LEI code

529900785KF1K0EEW940

Size of the entity

Large group

Economic activities

Financial and Insurance Activities

Country of registered office

Estonia

General information

Categories

Other corporate action

Unique data record identifier

9055

Submission date and time

10.09.2021 16:00:00

Content of announcement in Estonian

Title

Kingamüügile spetsialiseerunud kaupluste järk-järguline sulgemine

Message

Tallinna  Kaubamaja Grupi tütarettevõtja TKM  King AS sulgeb järk-järgult 2022.
aasta  jooksul kingamüügile spetsialiseerunud  ABC KING ja  SHU füüsilised poed.
Grupp  jääb edaspidi jalatsitega kauplema  e-kanalites, Kaubamajas ja suuremates
Selverites.  Käesoleval  ajal  ei  kavandata  TKM  King AS osaluse võõrandamist,
äriühingu  lõpetamist ega  muudatusi juhatuse  koosseisus. Sulgemisotsus  ei oma
olulist mõju Grupi majandustulemustele.

Raul Puusepp
Juhatuse esimees
Tel 731 5000

Content of announcement in English

Title

Gradual closure of stores specialised in footwear sales

Message

TKM  King AS, subsidiary  of Tallinna Kaubamaja  Group, will gradually close its
ABC  KING and SHU physical stores that  are specialised in footwear sales during
2022. The  Group will continue  footwear sales through  e-channels, in Kaubamaja
and  in larger Selver stores.  At present, there are  no plans to sell shares of
TKM  King AS, termination of  the company neither change  the composition of the
management  board. The closure decision does  not have significant impact on the
Group's financial results.

Raul Puusepp
Chairman of the Management Board
Tel +372 731 5000