Closing of transaction for acquiring AS Kristiine Kasiino and OÜ Casinova

Posted on 09.04.2007

On 23 March 2007 OEG published exchange news on acquiring the permit of the
Estonian Competition Board for concentration of OEG, KK and Casinova. Acquiring
the permit for concentration was one of the conditions precedents for closing
the Transaction.

Today the Transaction was closed. AS KC Grupp will receive the purchase price
and OEG will acquire 100% of the shares of KK and the sole share of Casinova.
The second part of the purchase price will be paid in freely tradable ordinary
shares of OEG listed on Tallinn Stock Exchange.

Additional information:

Andri Avila
Member of the Management Board
Olympic Entertainment Group
Tel + 372 667 1250

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