Liquidation of OEG`s Ukrainian subsidiaries

Posted on 09.07.2009

In connection with circumstances mentioned above OEG initiates the liquidation process of subsidiaries Olympic Casino Ukraine TOV, Ukraine Leisure Company and Eldorado Leisure Company. OEG is planning to demand investments compensation from the Ukrainian state basing on investments propitiation and mutual protection agreement signed between Estonian and Ukrainian governments. We are also considering turning to European Commission together with other casino companies operating in Ukraine.

Losses connected to Ukrainian subsidiaries liquidation are under evaluation, their influence on OEG consolidated operating results will be published as soon as possible.

Additional information:

Andri Avila
Olympic Entertainment Group
Tel + 372 667 1250

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