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Results for digital subscriptions of AS Ekspress Grupp in the 1st quarter of 2023

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The  number of  digital subscriptions  of AS  Ekspress Grupp increased by 15% in
total  in  the  Baltic  States  year-over-year  (10%  in  the 1(st) quarter) and
totalled 161,278 at the end of March.

  * 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 17% year-over-year (1(st) quarter:
    8%) and totalled 92,339.
  * The number of digital subscriptions of AS Õhtuleht, 50% of which is owned by
    Ekspress Grupp, increased by 1% year-over-year (1(st) quarter: 7%) and
    totalled 24,100.
  * The number of digital subscriptions of Geenius Meedia OÜ increased by 36%
    year-over-year (1(st) quarter: 8%) and totalled 6,058.
  * In Latvia, the number of digital subscriptions of Delfi A/S increased by
    25% year-over-year (1(st) quarter: 21%) and totalled 17,153.
  * In Lithuania, the number of digital subscriptions of Delfi increased by 14%
    year-over-year (1(st) quarter: 15%) and totalled 21,628.

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

"The  media  companies  of  Ekspress  Grupp  acquired  more  than 21,000 digital
subscribers  in a year which solidified our position as the leading Baltic media
company  with  a  digital  business  model.  The  Group's newest member, Geenius
Meedia,  demonstrated the highest  growth in relative  terms, with a 36 per cent
increase  in digital subscribers  in a year.  We can also  be satisfied with the
results  of the  Group's media  company with  the highest number of subscribers,
Delfi Meedia, whose digital subscriptions increased by 17% in a year.

Both  the  quarterly  as  well  as  the  annual  growth  of  Delfi's Latvian and
Lithuanian  subsidiaries is a  proof of the  success of the subscription package
reform  implemented at  the end  of last  year, with  further growth expected in
these markets.

The  digital revenue  base of  Ekspress Grupp  is increasingly  based on digital
subscription  revenue. We are  making progress in  attaining our financial goals
and  wish to offer digital  paid content to at  least 340,000 subscribers by the
year 2026."

Detailed overview of digital subscriptions

                       31.03.2023 31.12.2022 change 31.03.2022 change

 AS Delfi Meedia           92,339     85,551     8%     78,799    17%

 AS Õhtuleht Kirjastus     24,100     22,530     7%     23,935     1%

 Geenius Meedia OÜ          6,058      5,616     8%      4,461    36%

 Delfi AS (Latvia)         17,153     14,131    21%     13,746    25%

 Delfi UAB (Lithuania)     21,628     18,780    15%     19,039    14%

 Total Ekspress Grupp     161,278    146,608    10%    139,980    15%


The  Group considers only the  subscriptions with the value  of more than 1 euro
per  calendar month that  are separately invoiced  and separately cancellable at
any given time as digital subscriptions.

One  of the  long-term targets  of Ekspress  Grupp is  to increase the volume of
digital  subscriptions in the  Baltic States to  340 thousand subscribers by the
end             of             2026. The            long-term            targets
(https://view.news.eu.nasdaq.com/view?id=baabe8f9a44e0ad395f551538a5dcf9e9&lang=
en) of Ekspress Grupp were established and disclosed at the beginning of 2022.



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 sales offices
in  Estonia  and  Latvia.  Ekspress  Grupp  launched  its operations in 1989 and
employs almost 1600 people.