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OTC buy-back of own shares – UPDATE OF TRANSACTION DETAILS

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Tallinn, Estonia, 2016-05-04 09:48 CEST (GLOBE NEWSWIRE) --


AS Ekspress Group organizes a buy-back of up to 500 000 own shares from
shareholders until May 6, 2016 with the price of 1,30 Euros per share. Deadline
for sales orders is May 6, 2016 at 16.00. 

Sales orders can be given via internet banking system, using a form
"transaction with third party". 

Security (ISIN): Ekspress grupp (EE3100016965)

Transaction type: sell

Transaction processing: against payment

Price per unit: 1,30 euro

Name of third parties: EKSPRESS GRUPP AS

Third parties safekeeping account: 99101229416

Third parties safekeeping account holder: SEB Pank

Trade/transaction date: (date when transaction is given)

Value date: 11.05.2016

The Seller does not have a right to change or reclaim any sales order. Before
giving your sales order please read the terms of share buy-back: 

1. The purchase price is 1,30 Euros for one AS Ekspress Group share
(hereinafter: Share). 

2. All investors can sell their shares to the issuer under equal conditions,
presenting their sales order through their account administration bank from May
2, 2016 10:00 until May 6, 2016 16:00 (hereinafter: Transaction period). The
value date of the transaction is May 11, 2016. The issuer discloses the results
of the buy-back program on May 9, 2016. 

3. The sales order must state the number of Shares the investor (hereinafter:
Seller) wishes to sell and it may not surpass 500 000 Shares. If the number of
Shares stated in the transaction order is larger than 500 000, the the sales
order is considered to be 500 000 Shares. 

4. The Seller has the right to present several sales orders during the
Transaction period. In case the Seller has presented several sales orders, the
number of Shares expressed in them is summed according to the identification
code (registry code /personal identification number /date of birth) and will be
handled as one sales order for the summed number of Shares, providing that the
Seller owns that amount of the Shares. The Seller does not have a right to
reclaim any sales order. 

5. In case all the Sellers combined wish to sell more than 500 000 Shares
during the buy-back, the issuer purchases the Shares proportionally according
to the following conditions. Every Seller, who wishes to sell less than 1000
shares, can sell all the Shares they wish to sell (hereinafter Guaranteed Part
I). The Seller who wishes to sell more than 1000 shares, can sell 1000 Shares
(hereinafter Guaranteed Part II), with the possible addition of the
proportional part falling upon them (hereinafter Proportional Part). 

6. The Proportional Part is formed as the following. The buy-back of the number
of Shares guaranteed with the right to sell the Guaranteed Part I and
Guaranteed Part II will be subtracted from the five hundred thousand. The
result will be divided with the total number of Shares that are intended to be
sold, subtracting the Guaranteed Parts I or II. The result will be multiplied
with the number of Shares each Seller wishes to sell that surpasses the
Guaranteed part II. The result of the calculation will be rounded up according
to the rounding rules. The result will be the Proportional Part of the Seller.
The surplus left as the result of the rounding will be divided between the
Sellers randomly. 

7. In case the sum of Guaranteed Part I and Guaranteed Part II surpasses 500
000 Shares, the Guaranteed Part II will be considered 100 Shares and Guaranteed
Part I will be the full amount of Shares stated in the sales order however no
more than 100 Shares. The rest of the Shares offered to be bought back will be
diminished proportionally. 


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