EKATERINBURG: March 15, 2005 - Today, one of Russia's leading manufacturers of cosmetic and hygiene products, Open Joint Stock Company Concern "KALINA" (ISIN RU0007247243, Reuters: KLNA.RTS) ("KALINA") announced that the Call-Option Agreement concluded with Dr. Hans-Ulrich Scheller on December 24, 2004 was amended such as that Dr. Hans-Ulrich Scheller is now also entitled to accept the current Public Takeover Offer as addressed to all shareholders of Dr. Scheller Cosmetics AG (ISIN DE0007201303 / WKN 720 130) ("Scheller"). All other provisions of the Call-Option Agreement remain in force.
The Public Takeover Offer was approved by KALINA's Board of Directors on December 24, 2004 and the respective takeover offer document (Angebotsunterlage) in German was published on February 4, 2005 under poffer. The acceptance period of the Public Takeover Offer for shareholders of Scheller will lapse on March 18, 2005.
FOR MORE INFORMATION PLEASE CONTACT:
Kalina
Public Relations
Sergey Kazantsev
e-mail: pressa@kalina.org
tel./fax: +7 343 365 83 06
United Financial Group:
Victoria Lazareva, vlazareva@ufg.com
Julia Zhdanova, jzhdanova@ufg.com
tel.: 095 725 2647; fax: 095 725 2647
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