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Eastern European Markets
NEWS RELEASE
September 19th, 2007

The ninth K-rauta in Latvia opens

K-rauta Daugavpils will be opened tomorrow, on September 20. Daugavpils is the second largest city of Latvia, located a little over 200 kilometres from the capital, Riga. The new K-rauta that employs 80 people is the first one in southeastern Latvia. There are now nine K-rauta stores in Latvia.

The product selection consists of more than 25,000 house technology, gardening, building supplies, tools and interior decoration items. In addition, K-rauta Daugavpils offers a variety of home improvement services. The floor area of the store is 9,430 square metres.

"Opening a K-rauta in Daugavpils is part of the chain's development plan outside Riga. Rautakesko expands its operations, making high-quality shopping experience and services available to as many DIY customers as possible," says Guntis Sokolovskis, Managing Director of AS Rautakesko.

AS Rautakesko's sales increased by 63% in January-June, and the company is the second largest building supplies retailer in Latvia with the market share of 11%. The target is to become the leader in the Latvian home improvement market. Rautakesko's sales in Latvia totalled ¤71.5 million last year.

"By opening modern outlets, adding new services and attracting new partners who offer K-rauta customers complete solutions, Rautakesko is on the way to become the leading company in the home improvement industry in Latvia," says Raul Kadaru, Region Director of Rautakesko Ltd.

About K-Rauta and Rautakesko:
K-rauta stores (www.k-rauta.com) meet the customer demand for safe ideas and solutions for building and living. K-rauta stores operate in the Nordic and Baltic countries, and Russia.
Rautakesko (www.rautakesko.com) is engaged in the building and home improvement trade through the K-rauta, Rautia, Byggmakker and Senukai retail chains. Rautakesko manages its chains, combines their purchasing power, arranges efficient logistics, acquires store sites and guarantees strong marketing and development support to the stores. Rautakesko operates in the Nordic countries, the Baltic countries and Russia.

Further information:
Guntis Sokolovskis, Managing Director, AS Rautakesko, tel. +371 292 62698
Raul Kadaru, Region Director, Rautakesko Ltd, tel. +372 507 9696

www.rautakesko.com


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