Establishing AS Maakri City


Q Vara OÜ's jointly controlled company Stansfield OÜ together with Mark Invest  
OÜ (subsidiary of SRV) and Maakri KVF OÜ established AS Maakri City for         
developing jointly the land plots between Maakri, Kuke and Lennuki streets in   
Tallinn. The share capital amount of the new company is EEK 420 000 and the     
shares are equally divided between the three shareholders. Each shareholder owns
14 000 shares with a nominal value of EEK 10. Tõnis Vare (Q Vara OÜ's management
board member), Margus Mändmets (SRV's management board member) and Urmas        
Kivisalu (Maakri KVF's management board member) were elected as the management  
board members of AS Maakri City.                                                


Meelis Šokman                                                                   
Chairman of the management board                                                
Q Vara OÜ                                                                       
Tel: 668 1600