On November 5, 2007 Q Vara AS signed a sales-purchase agreement with AS GILD Arbitrage on selling the remaining 20% share of its Bulgarian subsidiary EOOD Q Delta. The sales price of the shares is 2 000 000 euro. As loan repayments and proceeds from the sale of shares Q Vara received altogether 5 937 278 from the Sofia project sales transaction. The proceeds will be used for repaying loans to AS GILD Arbitrage, Silukalni and Terminal no 11 projects' own financing and covering general expenses. Additional information: Meelis Šokman Chairman of the management board Q Vara AS Phone: 668 1600