On 02.08.2007 Arco Vara Saare Kinnistud OÜ, a 50% subsidiary of Arco Vara AS, sold a 1/3 holding in its subsidiary Varamaad Kinnisvara OÜ to AS Interfin Investments. The sold share was pledged to Hansapank to finance the initial acquisition of the holding. The sales price was 17,3 mEEK. The consolidated effect of the transaction to Arco Vara in III quarter is 8,65 mEEK of net profit. 1 EUR=15,6466 EEK Additional information: Heigo Metsoja +372 614 4654 heigo.metsoja@arcovara.ee