On 15 September 2005 Skano OÜ, the subsidiary of Viisnurk AS, registered its
subsidiary SIA Skano in Latvia with 100% holding, the share capital being 2000
lats. SIA Skano was founded with the aim of starting retail furniture sale in
Riga this year. The extension of the activity of Skano OÜ to Latvia is the second
stage of the development of the retail business model of Viisnurk's furniture
after the successful launch of the furniture store in November 2003 in Järve
Shopping Centre, Tallinn.

Developing retail business is part of the business strategy of Furniture Division
of Viisnurk AS aiming to come closer to the end consumer. Skano is the trademark
of Viisnurk's furniture products.

Viisnurk AS is a wood processing company that manufactures and markets domestic
furniture and building materials.

Andrus Aljas
Member of Management Board
+372 447 8355