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RISMEDIA, March 31, 2010—Sotheby’s International Realty Affiliates LLC announced that Baltic Sotheby’s International Realty in Riga, Latvia, has joined its luxury real estate network.

The firm is owned by Vestards Rozenbergs, Leonid Kil and Ilze Mazurenko and will serve the Baltic States, which consist of Latvia, Estonia and Lithuania.

“The addition of Baltic Sotheby’s International Realty reinforces the strength of our presence in key markets across Europe,” said Michael R. Good, president and chief executive officer, Sotheby’s International Realty Affiliates LLC. “We look forward to growth in this region with Baltic Sotheby’s International Realty and the team of professionals they are building.”

The firm is located in Riga, the capital of Republic of Latvia within a renovated historical building in an area well known for its Art heritage. Rozenbergs, who also serves as the firm’s chairman of the board, has plans for further expansion into Lithuania and Estonia in the next two years. “We have strong local partnerships, good client relationships and a professional infrastructure where we focus on high-level training for each of our sales agents,” said Rozenbergs. “The market throughout the Baltic region remains stable for high-end properties and demand is still high from Russian buyers especially.”

For more information, visit www.sothebysrealty.com.

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