Announcements

Trading in Olympic Entertainment Group shares started on OMX Tallinn Stock Exchange

Posted on 23.10.2006

For the first time in the history of the Baltic securities markets, the public offer was organised simultaneously in Estonia, Latvia and Lithuania. The closing price of the share amounted to EEK 87,62 (EUR 5,60), constituting an increase of 20%, compared to the issue price.

“The listing of the company is a big step. I am glad that Armin Karu and his team have very specifically formulated for themselves the need to be listed. This encourages us to say that the OEG will be one of the most transparent and open companies on the Tallinn Stock Exchange. There is willingness on the part of the company, the public has its expectations, and the Tallinn Stock Exchange offers its support. The Olympic Entertainment Group views the stock exchange as a chance, not as an obligation,” said the Chairman of the Tallinn Stock Exchange Kaidi Ruusalepp.

“The seven-fold oversubscription for the IPO signalled a deep interest and trust in us on the part of investors, and I am very glad that the first trading day confirmed this once again,” said the Chairman of the Management Board of the Olympic Entertainment Group Armin Karu.

The number of transactions performed with the shares of the Olympic Entertainment Group during the first trading day was 722, the turnover of the day amounting to MEEK 83,2 (MEUR 5,3). As many as 964 941 shares were sold to new owners via stock exchange transactions during the first day. The market capitalisation of OEG was EEK 6,61 billion (MEUR 422,2) at the closing of the first trading day, by which the company ranked 5th in the main list of the Baltic stock exchanges.

The list of the shareholders of OEG can be examined on the homepage of the e-registry as from today. The Olympic Entertainment Group has a total of 4 320 shareholders, shares currently in free circulation form 20.4% of the share capital of OEG. OEG has 4 185 (96,8%) shareholders who are Estonian residents and the number of Latvian and Lithuanian residents is 7 (0,1%) and 85 (1,9%), respectively.

Just as the other companies listed on the Nordic Exchange, Olympic Entertainment Group also received GICS (Global Industry Classification Standard), which applies from October 2006 — 25301010 (Casinos & Gaming). The shares of OEG will be included in the general OMX Tallinn index of the Tallinn Stock Exchange starting from tomorrow, 24 October 2006, and in the Baltic index BALTIX starting from the first quarter of 2007.

Olympic Entertainment Group is the first casino operator on the Eastern European and Baltic stock exchanges. OEG is the leading casino and entertainment group in the Baltic States, operating 74 casinos in Estonia, Latvia, Lithuania, Ukraine and Belarus. The group employs a total of more than 2000 people. The work organisation of the Baltic subsidiaries of the group is in compliance with the requirements of international quality management standard ISO9001, the Olympic Entertainment Group is a full member of the European Casino Association (ECA).

The main organiser of the public offering of Olympic Entertainment Group shares was Hansapank, with GILD Bankers serving as a co-organiser.

For more information, please contact:

Tex Vertmann, Communication Manager
Tallinn Stock Exchange
+372 640 8862

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