Baltic News Service
March 15, 2004

ALCOHOL WHOLESALER PERNOD RICARD LATVIA BOOSTS TURNOVER 34 PCT TO EUR
2 MLN IN 2003

RIGA

Pernod Ricard Latvia premium alcoholic beverage wholesaler posted a
turnover of 1.346 million last (EUR 2 mln) in 2003, up 34 percent in
the previous year, reported the company.

The company sold a total of 167,000 liters of beverages, mainly
brandy, cognac, tequila, vodka and wine last year, up 28.5 percent.

20.5 percent of the beverages sold by the company come from Armenia’s
Erevan Brandy Company and its Ararat brandy.

Pernod Ricard Latvia is a subsidiary of the Groupe Pernod Ricars,
Europe’s largest alcohol producer, and was established in 1998.