Kait Liinev (an active partner of Jungent Ltd.) today announced that, it has entered into an agreement with the Ogmios Prekyba UAB., Lithuania FMCG distributor to buy 50% shares of the company. The deal is executed through Ahoi Investments Ltd. , who’s 100% owner is Kait Liinev.

The exchange of Ogmios Prekyba UAB. shares has taken place in November 2007 and will be effective on completion of the purchase in July 2008.

Kait Liinev, Board of Directors of Jungent Ltd. said:
“I feel this is an exciting development for me, Jungent Group and our principals. Jungent will have experienced team working in Lithuania extending its FMCG sales & distribution network to 3 Baltic countries. This will be an important step for the group to challenge the 100 million EUR turnover target by 2010.
We will combine Ogmios Prekyba’s local expertise and entrepreneurship with our own deep market knowledge. Jungent currently makes more than 200,000 customer visits per year and with the addition of the Ogmios Prekyba joining our team we are confident that we will be able to distribute consumer goods to many more outlets. The purchase of Ogmios Prekyba UAB shares represent a major milestone in Jungent’s strategy to become a leading pan-Baltic FMCG sales and marketing company. Since I have now interests in 2 Lithuanian companies Jungent UAB, who is specialist distributor for Shell Lubricants and Ogmios Prekyba UAB, who is dedicated FMCG distributor, my aim is to find synergies between these 2 companies.”

Vaidas Trilikauskis, Chairman of the Board, Ogmios Prekyba UAB said:
“We are delighted to enter this agreement with the Jungent Group. This means that OP distributed products will continue to be available to our customers who will also benefit from Jungents’ excellent knowledge of product distribution in the region. Moreover, we will have access to good network of Jungent suppliers in Estonia and Latvia. Besides, we want to follow Baltic retail chains like VP Market and Rimi Baltics, which this new set-up can service better in future.
Overall we are confident that these arrangements are in the best interests of both company’s staff, customers and principals.”
As the transaction involves the purchase of the shares of Ogmios Prekyba by Ahoi Investments Ltd., it will have no impact on the working team. Ogmios Prekyba will start to use Jungent trademark on its correspondence to all third parties, but continues to work with the same management team and under its legal name.

Ends


For further information:

Contact: Kait Liinev Board of Directors, Jungent Ltd.
Office: +372 666 3805
Mobile: +3725015135

Contact: Vaidas Trilikauskis, Ogmios Prekyba UAB
Office: +370 52484101
Mobile: +370 68525291

Date 28.12.2007

Notes to Suppliers and Editors

Kait Liinev is 25% owner of Jungent Ltd. (Estonia), a founder and active partner since 1991. Ahoi Investments Ltd. is an investment company owned 100% by Kait Liinev
The Jungent Group of Companies has more than 16 years Sales & Distribution experience in the Baltic region.
The group represents a wide range of consumer brands including Mars, Colgate, Palmolive, Shell, Libero, Evian, Mentos, Dilmah, Red Bull, LU, Löfbergs Lila and many ohers.
It will be well placed to service pan-Baltic customers and suppliers better and to use its deep-rooted local expertise in Estonia, Latvia and Lithuania.

Ogmios Prekyba UAB is 11 year old sales and distribution company, owned by Vaidas Trilikauskis and Luiza Trilikauskiene. The company works with brands like Löfbergs Lila, Joker & Rea, Kotanyi, Lustucru, El Serpis, Axa, Peugeot and others.

::::::::::::::
Terms
*FMCG - Fast Moving Consumer Goods