Tiimari Plc                           Stock Exchange Release 12 November 2007

Tiimari result as expected considering seasonality

KEY FIGURES OF THE CONTINUED OPERATIONS ON REVIEW PERIOD 1 JANUARY – 30 SEPTEMBER 2007:

- Turnover MEUR 43.3 (MEUR 2.8)
- EBITDA MEUR -0.7 (MEUR 0.3, result MEUR -4.0 (MEUR 0.3) both including a MEUR 1.4 acquisition cost depreciation of inventory
- Earnings per share MEUR -0.40 (MEUR 0.05)
- Signing of the lease for the first Russian store
- Leo Longlife Design Oy changed its name to Tiimore Oy and opened a web shop

STATEMENT OF THE MANAGING DIRECTOR

In the third quarter, Tiimari continued the development of both domestic and foreign retail operations. In the beginning of the year, several stores were renewed according to the introduced concept. The renewal process cut down the sales of the group, several stores being closed during the renewal, but sales of the stores reflecting the new concept evolved better than before, as was expected. The modernisation of Tiimari Kaivopiha, the largest Tiimari store, is one of the renewal projects started during the review period.

Tiimari continued its international expansion by signing the lease for opening the first Tiimari store in St. Petersburg for the Christmas season and for opening the fourth Polish store in Bialystok in November.
Business gift merchandiser Leo Longlife Design Oy, owned by Tiimari Plc, changed its name to Tiimore Oy on 23 August 2007.

The change of name became actual after the product assortment and operations model of the company were changed and expanded substantially. Previously consisting mainly of Leo Longlife Design products, the assortment was expanded by utilising the purchasing and logistics expertise of Tiimari Retail Oy. In addition to using traditional sales representatives, a web shop was opened at www.tiimore.com on 23 August.
The CRM and ordering systems were also modernised.

At the end of the review period, Tiimari had a total of 178 own stores, the number of the equivalent period in 2006 being 182 stores.

                        30.9.2007          30.9.2006

Finland                       156                156
Estonia                        14                 17
Latvia                          4                  4
Norway                          1                  2
Poland                          3                  2
Sweden                          0                  1

In addition, Tiimari had partnership stores and franchise stores as follows

                         30.9.2007          30.9.2006

Partnership stores               6                  7
Franchise stores                10                  9

At the end of the review period, the Tiimari retail chain consisted of a total of 194 (198) stores.
A central part of Tiimari's strategy is to increase the number of stores and to optimise their location and size in square metres.

FINANCIAL RESULT

The turnover of the Tiimari group in the review period was MEUR 43.3 (MEUR 2.8). In the period of comparison from 1 January to 30 September 2006, the company engaged exclusively in the sale of business gifts and related industrial operations.

Turnover reached MEUR 14.8 (MEUR 1.5) in the third quarter. Earnings before interest, taxes, depreciation and amortization (EBITDA) reached a total of MEUR -0.7 (MEUR 0.3) in the review period.

Earnings before interest, taxes, depreciation and amortization (EBITDA) reached a total of MEUR -0.5 (MEUR -0.03) in the third quarter.

EBITDA of the third quarter includes MEUR 1.4 of inventory write-offs that are related to the acquisition of Maritii Oy. After tax, the earnings of the review period were MEUR 4.0 (MEUR 0.3).

The result of the financial period was MEUR -1.2 (MEUR 0.05) in the third quarter. Earnings per share from continued operations were EUR -0.13 (EUR 0.00)

BALANCE, FINANCIAL SITUATION AND INVESTMENTS

On 30 September 2007, the total balance of Tiimari Plc was MEUR 83.6 (MEUR 21.1). The company has a solid financial situation. Interest-bearing net liabilities accounted for MEUR 37.0 (MEUR -15.1), the solvency ratio was 36.4 % (89.0 %) and the net gearing 121.6 % (-80.5 %). Seasonal fluctuations have a considerable impact on the company’s financial situation. Despite the seasonal fluctuations, the company managed to reduce its stock as compared to the beginning of the year, and an increased level of stock rotation is pursued in the future as well.

During the review period, the central investments were made in the retail store network, totalling at MEUR 0.6.

HUMAN RESOURCES

The number of people employed by the group on 30 September 2007 was 559 (40) and on average 562 (40),of whom the most worked for Tiimari Retail Oyj. The parent Company employed 1 (5) person, and Leo Longlife Design Oy employed 37 (35) and on average 37 (35) persons.

GROUP STRUCTURE

The Tiimari Plc group consists of parent company Tiimari Plc and directly
or indirectly entirely owned Maritii Oy (Helsinki), Tiimari Retail Oyj  
(Lahti), Tiimari Sweden AB (Stockholm), Tiimari Baltic AS (Tallinn), Tiimari   
Latvia SIA (Riga), Tiimari Polska SP Z.O.O (Warsaw), Tiimari Moscow Z.A.O., Tiimari St. Petersburg O.O.O., Tiimore Oy and Tuotesampo Oy (Tuotesampo Oy has no operations). The group includes also Tiimari Norway AS (Oslo), of which the group's share of ownership is 67.8% and the joint-stock property company Osuuskunnantie 30, which is a 10% subsidiary of Tiimari Plc and a 90% subsidiary of Tiimore Oy.

SHARE CAPITAL

At the end of the review period, the registered share capital of Tiimari Plc
totalled at EUR 7,686,200, representing an aggregate number of 9,847,750 voting rights. The Company had a total of 2672 shareholders.
At the end of the review period, the number of own shares held by the company was 11,850. The number of shares corresponds to that held at the beginning of the period. The nominal value of shares held by the Company was MEUR 0.01 and the proportion of share capital and voting rights was 0.12%.

DEVELOPMENTS AFTER THE REVIEW PERIOD

Tiimari group acquired the Swedish retail chain Gallerix under a transaction signed on 1 November 2007. The Gallerix chain operates mainly on the franchising principle. The primary purchase price of the entire share capital of Gallerix International AB was MSEK 65.5 (approx. MEUR 7.1). In addition, a maximum additional purchase price of MSEK 21.0 (approx. MEUR 2.3) was agreed on. The amount of the additional price depends on Gallerix's financial development up to the end of the year. Gallerix will be consolidated with Tiimari with effect from 1 November 2007.

Gallerix is the leading Swedish retail chain specialising in wall decoration items, gift wrapping items and cards. The company has 92 stores in Sweden and one store in Finland. The acquisition is estimated to create definite synergies, the total annual value of which is projected to total at over MEUR 1. The synergies are estimated to realise in full within the next two-year period. During the period from 1 September 2006 to 31 August 2007, Gallerix International AB turnover was MEUR 12.55 and the operating margin MEUR 0.9. The total balance of the acquired company on 31 August 2007 was MEUR 4.6. Tiimari is currently calculating the precise acquisition effects.

Tiimari will profit from Gallerix's measurable franchising expertise, solid knowledge of the Swedish markets and the opportunity to establish a more extensive clientele. The merger will boost domestic business growth. The established company will be a more favourable partner to shopping centres and other store facility leaseholders through the combined appeal of two vibrant concepts. The combination of these strong concepts will strengthen the position of the new company also when obtaining new business facilities in the Baltic countries, Poland and in Russia.
The Gallerix retail concept fits the Finnish market well. In addition to individual specialized stores, mainly home decoration departments of department stores are currently focusing on the increasingly popular wall furnishing and decoration trend in Finland. Tiimari Plc is planning to convert and open several stores under the Gallerix concept within the next year.

Tiimari continued the launch of the new store concept by modernising the stores located in Keskuskatu in Helsinki (12 October) and in Yliopistonkatu, Turku (25 October). During the transition, the store in Kemi was renewed (1 October). New stores were opened in Ahjokatu in Jyväskylä (7 November), the Atomi shopping centre in Riihimäki (1 November) and to the immediate vicinity of the new Prisma supermarket in Viikki (8 November). In addition, Tiimari has signed a lease for opening a store in the Revontuli shopping centre in Rovanienmi in December.

Tiimari continues its international expansion by opening a new store with a floor space of 206 m2 in Bialystok, North-Eastern Poland in the beginning of November. The store will be located in a new shopping centre, Galleria Podlaska, which is being constructed around Carrefour. In addition to local Polish consumers, the proximity of the trade centre to the border will attract Byelorussian consumers as well.

Tarja Nikkarikoski, Student of Philosophy holding a vocational qualification in Business information Technology, was appointed the Chief Information Officer of Tiimari Plc and a member of the Management Group with effect from 15 October 2007.

FUTURE PROSPECTS

Tiimari Plc will open 7 new stores during November and December, 5 of which will be located in Finland, one in Poland and one in Russia. The acquired Gallerix retail chain will be consolidated with the Tiimari group with effect from 1 November.

The anticipated turnover of the entire year 2007, including the turnover of Gallerix is approximately MEUR 77.0, the forecasted earnings before interest, taxes, depreciation and amortization (EBITDA) being approximately MEUR 8.0 and including yet for this year the  MEUR 1.4 acquisition cost depreciation of inventory for Maritii Oy  but not the possible depreciation related to the acquisition of Gallerix. This is based on the reported result of the final quarter of the previous year, adjusted with the non-recurring inventory write-off and acquisition cost depreciation and consolidated with the result of 1 January – 30 September 2007. The anticipated result of 2007 is clearly positive. As last year, the majority of the earnings are entered as income during the last quarter.

SHORT-TERM RISKS AND UNCERTAINTIES

The biggest challenges that Tiimari is faced with are the fluctuations in the general
consumption, demand and the competition environment, as well as
the attainability of advantageous business locations in the international market. Tiimari is currently concentrating heavily on developing its stores and marketing activities. The company is seeking growth in the number of visitors and the amount of purchases per visitor, as well as developing its international operations. Managing the potential growth requires investments in administration, new locations, internationalization and recruiting more staff. Tiimari strives to prepare for changes in consumer demand and the competition environment by knowing the consumer, constantly developing the Company concept, and by implementing new and innovative business solutions.

ACCOUNTING PRINCIPLES

This Interim Report has been prepared according to the Recognition and Measurement principles of the International Financial Reporting Standards (IFRS). This Interim report is unaudited.

All the future estimates and forecasts made here are based on the company's current vision of the market and economical developments. Actual events and results may differ considerably. Due to the fact that Tiimari Plc had yet not engaged in Tiimari Retail operations one year ago, the business operations cannot, as such, be compared to the equivalent quarter of the previous year.

CONSOLIDATED PROFIT AND LOSS ACCOUNT
                                                        
EUR 1,000                              2007      2006     2007     2006     2006
                                        7-9       7-9      1-9      1-9     1–12
Continued operations                                                           
TURNOVER                             14,804     1,556   43,278    2,779   32,819
Other operating income                    9         8      171        8      346
Change in inventories                   352      -211     -509      -80   -8,992
Materials and supplies               -6,865    -1,059  -16,876   -1,201   -7,667
Work benefit and reward expenses       -3,519     -177   -11,114   -727   -4,717
Depreciation                             -534      -33    -1,645   -102     -871
Other operating costs                  -5,161     -147   -15,615   -465   -4,900
Operating profit / loss                  -914      -63    -2,310    212    6,018
Financial income and expenses            -634      128    -1,974    238     -793
Profit / loss before taxes             -1,548       65    -4,284    450    5,225
Taxes                                     303      -17       303   -130     -396
Profit/loss for the review period
from continued operations              -1,245       48    -3,981    320    4,829
Discontinued operations                                                        
Profit                                                                         
from discontinued operations                0      183         0  1,465    1,460
Profit/loss for the financial year     -1,245      231    -3,981  1,785    6,289
Parent company shareholders'                                                   
profit earnings                                                                
per share                                                                      
Undiluted earnings per share                                                   
Continued operations                    -0.13     0.00     -0.40   0,05     0.70

Discontinued operations                           0.03             0.22     0.21
The adjusted value with the dilution effect
earnings per share correspond to those of the                                  
undiluted earnings per share                                                   

CONSOLIDATED BALANCE SHEETS
                                                                              
                                         
                                      30.09.07        30.09.06         31.12.06
ASSETS                                                                        
Business value                          32,987               0           35,392
Other intangible assets                 15,009              27           15,387
Tangible assets                          3,408             423            9,890
Investment properties                        0               0                0
Other financing resources                  114              11              114
Receivables                                 79               8              134
Imputed tax credit                       1,584               0                0
Total long-term assets                  53,181             469           60,917
Current assets                          24,934           2,480           25,206
Trade and other receivables              4,222           1,357            3,852
Liquid assets                            1,273          15,170            8,323
Total current assets                    30,429          19,007           37,381
Non-current assets                                                            
held for sale                                0           1,647              830

TOTAL ASSETS                            83,610          21,123           99 128

SHAREHOLDERS' EQUITY AND LIABILITIES
Parent Company’s shareholders
equity                                                             
TOTAL SHAREHOLDERS’ EQUITY             30,462           18,798           35,891
LIABILITIES                                                                   
Imputed tax credit                      5,642                0            6,552
Interest-bearing liabilities           24,602               30           20,835
Provisions                                 27                0               45
Total non-current liabilities          30,271               30           27,432

Interest-bearing liabilities           13,708                0           21,080
Provisions                                 22                0                0
Accounts payable and other payables      9,147            1,930           14,040
Current tax                                  0              365              165
Total current liabilities               22,877            2,295           35,285
Liabilities related to non-current
assets held for sale                         0                0              520
TOTAL LIABILITIES                       53,148            2,325           63,237
                                                                               
TOTAL SHAREHOLDERS’ EQUITY              83,610           21,123           99,128
AND LIABILITIES

CALCULATION OF CHANGES TO THE GROUP’S SHAREHOLDERS’ EQUITY  
                                                                            
                                                                               
Parent Company's shareholders' equity

Calculation of changes to shareholders' equity 1.1.-30.9.2007

                    Invested
                    free
                    Own             Current
            Share   equity    Own     value    Accumulated
Own equity  equity  fund     shares    fund    Transl. diff.   profits      Tot.
1.1.2007
Own equity   7,686   11,558     -55       0           -27       16,729    35,891
Transl. difference conversion                          16                     16
Profit/loss for the financial period                            -3,981    -3,981
Total recognised profit
and loss                                               16       -3,981    -3,965
Distribution of dividend                                        -1,477    -1,477
Equity-settled
share-based payments                                                13        13
Own equity   7,686   11,558     -55       0           -11       11,284    30,462
30.9.2007

Calculation of changes to shareholders' equity 1.1.-30.90.2006

                   Invested
                    free
                     Own            Current
            Share   equity   Own      value     Accumulated
Own equity  equity  fund     shares    fund     Transl. diff.  profits     Tot.
1.1.2006                                                                      
Own equity   6,600   0      -119       -6           0          13,773    20,248
Profit/loss for the financial period                            1,785     1,785
Total recognised profit                                                       
and loss for the
period                                                           1,785    1,785
Issue
of own shares                64                                              64
Distribution of dividend                                        -3,300   -3,300
Other items                                                         1         1
Own equity   6,600   0      -55        -6           0           12,259   18,798
30.9.2006

CASH FLOW STATEMENT
                                             1-9/07       1-9/06         1–12/06

Consolidated statements of cash flows
Cash flows from operations                                                     
Profit/loss for financial period             -3,981        1,784           6,289
Adjustments:                                                                   
Depreciation and decrease in value            1,644          102             871
Financial income and expenses                 1,973         -238             793
Taxes                                          -303          169             435
Other adjustments                              -135            0            -361
Change in working capital:                                                     
Change in short-term receivables               -190       -1,115            -102
Change in inventories                           271          734           9,308
Change in short-term liabilities             -4,858         -346          -1,180
Interests paid                               -1,962            0          -3,548
Interest income received                         66            8             305
Taxes paid                                     -227         -155            -145
Net cash flow from operations                -7,702          943          12,665
                                                                               
Cash flows from investment activities
Investments in tangible and intangible
assets                                         -811            7             -51
Acquisitions of subsidiary companies                                           
net of cash acquired                              0            0         -22,325

Capital gains from
tangible and intangible assets                6,680            0           1,494
Repayment on other receivables                    0            0               0
Repayment on loan receivables                    55            4               2
Additional purchase price                    -1,500            0               0
Net cash flow from investments                4,424           11         -20,880

Cash flows from financing activities
Share issue                                       0            0          12,644
Long-term loans, increase                         0            0          13,859
Long-term loans, decrease                    -2,975            0         -34,836
Purchase and issue of own shares                  0           64              64
Long-term loans, increase                     3,174            0          32,974
Long-term loans, decrease                    -5,014            0         -20,617
Short-term loans, decrease                   -3,980            0               0
Dividends paid                               -1,477       -1,584          -3,286
Net cash flow from financing                 -3,772       -1,520             802
Change in financial resources                -7,050         -566          -7,413
Liquid assets January 1, 2007                 8,323       15,736          15,736
Liquid assets September 30, 2007              1,273       15,170           8,323

SEGMENT-SPECIFIC FIGURES

The Company’s continued operations form two primary
Business segments: Tiimari Retail Oyj and Tiimore Oy.

Turnover by segment

EUR 1000                                2007      2006     2007    2006     2006
                                         7-9       7-9      1-9     1-9     1–12
Turnover
Tiimari business operations            14,592        0   41,916       0   27,478
Tiimore business operations               212      213    1,362     979    1,622
Other operations                            0    1,343        0   1,800    3,719
Total                                  14,804    1,556   43,278   2,779   32,819

Profit / loss
Tiimari business operations              -703        0   -1,958       0    6,717
Tiimore business operations              -269     -185     -326    -183     -385
Other operations                           58      122      -26     395     -314
Total                                    -914      -63   -2,310     212    6,018

Assets and liabilities by segment     30.09.2007      30.09.2006        31.12.06

Assets by segment EUR 1 000
Tiimari business operations               80,610               0          88,716
Tiimore business operations                3,967           1,136           3,660
Unaligned assets                           4,100          19,987          11,584
Elimination                               -5,067               0          -4,832
Total                                     83,610          21,123          99,128

Liabilities by segment EUR 1 000
Tiimari business operations                8,219               0          15,101
Tiimore business operations                  596             172             357
Unaligned liabilities                     49,973           2,153          53,224
Elimination                               -5,640               0          -5,445
Total                                     53,148           2,325          63,237

CONTINGENT LIABILITIES                30.09.2007     30.09.2006         31.12.06

Financial institution loans against
the following securities                  25,193              0           24,617

Real estate mortgages                      2,361              0            8,029
Corporate mortgages                       31,137              0           31,137
Pledged shares                             1,476              0            1,476
Other own liabilities:
Irrevocable letters of credit                  0              0              292
Other liabilities                             13             13               13

OTHER TENANCY LIABILITIES

Due within one year                       10,057              0           10,577
Due after one year                         6,079              0            2,619

GROUP INVESTMENTS AND DEPRECIATIONS EUR 1,000

                                          2007             2006             2006
                                           1-9              1-9             1-12

Gross investments                          931                8              150
Depreciations                            7,228            2,000              859

CHANGES TO GROUP'S FINANCIAL INSTITUTION LOANS

                                      30.09.07         30.09.06         31.12.06

Increase                                 9,674                0           46,833
Decrease                                -7,989                0          -55,451
Loan repayments                         -3 980                0                0
Total of changes                        -2,295                0           -8,618

KEY INDICATORS
                                             1-9/07        1-9/06        1–12/06

Turnover                                     43,278         2,779         32,819
Operating profit / loss                      -2,310           212          6,018
Result of the financial period               -3,981           319          4,829
Earnings / share, EUR                         -0.40          0.22           0.91
Earnings / share, from continued oper, EUR    -0.40          0.05           0.70
SH equity / share, EUR                         3.09          2.85           3.64
SH equity / share (diluted), EUR               3.09          2.85           3.64
Solvency ratio                                36.43 %       88.99 %      36.20 %
Gearing (level of indebtedness)              121.58 %      -80.54 %      95.05 %
Balance sheet total                          83,610        21,123         99,128
Number of shares (average)                9,847,750     6,600,000      6,864,386
Interest-bearing net liabilities             37,037       -15,140         33,593

CALCULATION OF KEY INDICATORS

Earnings/share (EPS), EUR=
(Earnings before extraordinary items – taxes) / Avg. number of shares adjusted for the share issue.

Shareholders' equity/share, EUR=
Shareholders’ equity / Number of shares at the end of the preview period

Solvency ratio-%=
(Shareholders’ equity*100)/(Balance sheet total-advance payments received)

Level of indebtedness (gearing)=
(Interest-bearing liabilities-cash at bank) * 100/SH equity

Interest-bearing net liabilities
Interest-bearing liabilities – cash at bank

SHAREHOLDERS

On 30.09.2007, Tiimari Plc had a total of 2672 shareholders.

Major shareholders, 30.09.2007

                                                                     % of shares
                                                    Shares     and voting rights

Atine Group Oy                                      2,081,216               21.1
Assetman Oy                                         1,000,000               10.2
Baltiska Handels A.B.                                 455,224                4.6
Cumasa Oy                                             407,625                4.1
Varma Mutual Pension Insurance Company                375,000                3.8
Ilmarinen Mutual Pension Insurance Company            351,781                3.6
Nordea Bank Finland Oyj, administrative reg.          339,409                3.4
Pohjola Non-Life Insurance Company                    202,092                2.1
Troll Capital Oy                                      127,000                1.3
Suomen Kauppayhtiöt Oy                                125,000                1.3
Tapiola Suomi Mutual Fund                             103,602                1.1
Arvo Finland Value Mutual Fund                        100,000                1.0
Moneda Consulting Oy                                   87,500                0.9
Syrjänen Jaakko                                        61,875                0.6
Illi Kristina                                          60,000                0.6
EQ Pankki Oy                                           50,000                0.5
Nordea Bank Finland Plc                                50,000                0.5
Turpeinen Urho                                         50,000                0.5
Jyväsjärvi Juha                                        35,000                0.4
Lamy Oy                                                32,625                0.3
Mezera Oy                                              31,250                0.3
Mäki Raimo                                             30,500                0.3
Potrykus Yvonne                                        30,000                0.3
Kallio Mika                                            29,687                0.3
Brade Jouko                                            28,750                0.3

Kristina Illi
Managing Director

Distribution: Helsinki Stock Exchange
Key media
www.tiimari.com

Further information: Managing Director Kristina Illi, tel. +358 (0)400 408 889