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Eastern European Markets
NEWS RELEASE
August, the 29th, 2008

Rautakesko opens the eighth K-rauta in Estonia in Kuressaare

AS Rautakesko, the largest building and home improvement supplies retailer in Estonia, opened the country´s eighth K-rauta in Kuressaare today. The Kuressaare store provided 35 new jobs to the town which were filled with inhabitants of the region. The store received over 300 job applications.

The total area of the store, located in the Auriga centre, is 4,875 m©&Mac247;, of which 3,050 m©&Mac247; are indoors while the rest 1,825 m©&Mac247; form a covered outdoor sales area for building materials. The selection consists of nearly 22,000 different building, interior decoration and gardening products.

According to Alo Ivask, Managing Director of Rautakesko AS, the new store will further strengthen the position of K-rauta as the leading retailer of building and home improvement supplies in Estonia.

"We want to be the number one alternative for Saaremaa people, for consumers and business customers alike," says Ivask.

Rautakesko AS, part of the Kesko Group, is the leading building and home improvement retailer in Estonia. The company has eight stores there, including the store now opened. Rautakesko AS has over 500 employees in Estonia. The net sales of the company totalled ¤92 million in 2007.

In the 2007 study on building, renovation and real estate by research agency Faktum & Ariko, Rautakesko was ranked as the best service provider among the building and home improvement retailers in Estonia. The study covered eight largest building and home improvement store chains in Estonia.

About K-rauta:
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.

About Rautakesko
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 and Baltic countries, Russia, and Belarus.

Further information:
Managing Director Alo Ivask, Rautakesko AS, tel. +372 50 11 564

www.rautakesko.com


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