Apranga Group — M&A Activity 2016

Jan 19, 2016

Disclosure 329672

Apranga - Notification on material event

On expansion of APRANGA Group in the Baltic states

Vilnius, Lithuania, 2016-01-19 15:35 CET (GLOBE NEWSWIRE) -- Apranga Group finalised the transaction of taking over 5 Karen Millen stores in 3 Baltic states. Karen Millen stores in shopping centers in Vilnius Europa and Ozas, in Riga Galerija Centrs, in Tallinn Viru Keskus and Rocca al Mare have been taken over from the Latvian company, the previous Karen Millen partner in the Baltic States. Currently, British company Karen Millen Fashions Limited has 402 stores in 57 countries. Apranga Group is the leading fashion retailer in Lithuania and Baltic States cooperating with more than 50 well known international trademarks like Zara, Burberry, Gucci, Dolce & Gabbana, Hugo Boss, Emporio Armani, Ermenegildo Zegna, Massimo Dutti, Max Mara, Mango, Zara Home, Bershka, Pull and Bear, Stradivarius, Promod, s.Oliver, Desigual, Aldo, Tom Tailor, Tommy Hilfiger, Marella, Strellson, Diesel and others. Brand Karen Millen perfectly fits to Business segment developed by Apranga Group. Shares of Apranga are listed on Baltic equity list on Nasdaq Vilnius Stock Exchange. Majority shareholder of Apranga Group is concern MG Baltic. Rimantas Perveneckas Apranga Group Director General +370 5 2390801