On June 28, 2007, AS Linnaehitus, a wholly-owned subsidiary of AS Eesti Ehitus and OÜ Fama Invest signed an agreement for AS Linnaehitus to perform the construction works of the second stage of FAMA shopping center situated at Hariduse 5, Narva. Price of the contract is EEK 154,998,164 (EUR 9,906,188) excluding VAT and works are to be completed in May 2008. Jaano Vink AS Eesti Ehitus Tel: (+372) 6400 450 E-mail: eestiehitus@eestiehitus.ee