VITIM & CO AND MORON LTD.

Vitim has established growing pharmacy chain operations in Moscow and the Moscow region under the Stary Lekar brand, and it is the third largest pharmacy chain in Moscow with a market share of some 5 percent in 2007. The Stary Lekar brand has been rated as one of the best-known among Moscow's pharmacy chains. The pharmacy chain is based on a new pharmacy concept with modern sales and management technologies and a combined assortment of both pharmaceuticals and OTC products. Vitim currently oper... ates some 140 pharmacies and employs 1600 persons. Net sales were EUR 76 million in 2007 (EUR 63 million in 2006) with EBIT of an estimated at EUR -3 million in 2007 (EUR 0 million in 2006) reflecting the rapid rate of new pharmacy openings. The operational pharmacies are clearly profitable and well-located. Vitim has invested heavily in expanding the pharmacy chain within the last few years and Oriola-KD is committed to continue the strong growth within the next few years. In 2008 net sales of Vitim are expected to grow strongly while the profitability will still be affected by the continuing establishment of new pharmacies.More