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Results of digital subscriptions of AS Ekspress Grupp in the 4th quarter of 2022

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 The number of digital subscriptions of AS Ekspress Grupp increased by 12% year-
over-year across the Baltic States (6% in the 4(th) quarter) and totalled
146,608 at the end of December.

  * The number of digital subscriptions of AS Delfi Meedia that publishes the
    news portal Delfi, newspapers Eesti Päevaleht, Maaleht, Eesti Ekspress and
    several popular magazines increased by 14% year-over-year (10% in the 4(th)
    quarter) and totalled 85,551.
  * The number of digital subscriptions of AS Õhtuleht Kirjastus, 50% of which
    is owned by Ekspress Grupp, increased by 7% year-over-year (-4% in the
    4(th) quarter) and totalled 22,530.
  * The number of digital subscriptions of Geenius Meedia OÜ increased by 37%
    year-over-year (9% in the 4(th) quarter) and totalled 5,616.
  * In Latvia, the number of digital subscriptions of Delfi A/S increased by 5%
    year-over-year (1% in the 4(th) quarter) and totalled 14,131.
  * In Lithuania, the number of digital subscriptions of Delfi increased by 8%
    year-over-year (8% in the 4(th) quarter) and totalled 18,780.


Comments  by the Chairman  of the Management  Board of Ekspress Grupp, Mari-Liis
Rüütsalu:

"The  number of Ekspress Group's digital subscriptions continued to grow rapidly
in  all Baltic States in 2022 and has increased the sales revenue of our digital
subscriptions.  The growth proves that the paid content model is sustainable and
has  an increasingly  important role  in the  revenues of  our media businesses.
Although consumer spending in the Baltic States is under increasing scrutiny due
to  inflation and general price increase,  the last year's turbulent events kept
readers' interest in independent journalism high.

In  Estonia, the number of subscribers of  Delfi Meedia, the subsidiary with the
largest  number of digital subscribers, grew  the most, by nearly 11,000 or 14%
year-over-year.  Geenius Meedia demonstrated  the fastest growth  last year, the
digital subscriptions up 37% or by more than 1,500.

The  number  of  digital  subscriptions  of  Delfi  in  Latvia and Lithuania was
affected  by changing the packages  to be similar to  those of Estonia. While in
Latvia  and Lithuania  previously narrower  content packages  of different Delfi
topics  were  offered  and  each  product  was  counted  as digital subscription
separately,  in the 4(th) quarter of last  year we introduced a unified package-
based logic, giving the digital subscribers broader access to all Delfi content.
As  a result of the bundling, the  number of digital subscriptions in Latvia and
Lithuania decreased, but the average digital subscription price increased.

We  are on track to meet our targets  and aim to provide digital paid content to
at least 340 000 readers by 2026. ?


Detailed overview of digital subscriptions

                       31.12.2022 30.09.2022 change 31.12.2021 change

 AS Delfi Meedia           85 551     77 920    10%     74 873    14%

 AS Õhtuleht Kirjastus     22 530     23 548    -4%     20 992     7%

 Geenius Meedia OÜ          5 616      5 162     9%      4 100    37%

 Delfi AS (Latvia)         14 131     14 012     1%     13 446     5%

 Delfi UAB (Lithuania)     18 780     17 370     8%     17 320     8%

 Ekspress Grupp total     146 608    138 012     6%    130 731    12%


Due to a change in accounting principles for digital subscriptions in Latvia and
Lithuania  in the 4(th) quarter  2022, the adjusted comparative  figures for the
last four quarters are presented below:

                       31.12.2021 31.03.2022 30.06.2022 30.09.2022 31.12.2022

 AS Delfi Meedia           74 873     78 799     84 072     77 920     85 551

 AS Õhtuleht Kirjastus     20 992     23 935     22 281     23 548     22 530

 Geenius Meedia OÜ          4 100      4 461      4 523      5 162      5 616

 Delfi AS (Latvia)         13 446     13 746     13 224     14 012     14 131

 Delfi UAB (Lithuania)     17 320     19 039     17 522     17 370     18 780

 Ekspress Grupp total     130 731    139 980    141 622    138 012    146 608


The Group only counts as a digital subscription orders with a value of more than
1 euro  in a calendar month, which are separately invoiced and can be terminated
separately at any time.

One  of  the  long-term  goals  of  Ekspress  Grupp is to increase the volume of
digital  subscriptions in the  Baltic States to  340 thousand subscribers by the
end of 2026 which is approximately 2.5 times higher than at the year-end 2021.


Signe Kukin
Group CFO
AS Ekspress Grupp
Telephone: +372 669 8381
E-mail address: [email protected] (mailto:[email protected])


AS Ekspress Grupp is the leading Baltic media group whose key activities include
web media content production, publishing of newspapers, magazines and books. The
Group also operates an electronic ticket sales platform and ticket offices in
Estonia and Latvia. Ekspress Grupp that launched its operations in 1989 employs
over 1400 people, owns leading web media portals in the Baltic States and
publishes the most popular daily and weekly newspapers as well as the majority
of the most popular magazines in Estonia.