Interest payments on bonds


On January 10, 2008 Q Vara OÜ pays 1 100 EUR (17 211,30 EEK) of interest per
each Q Vara OÜ's bond that is listed on OMX Tallinn Stock Exchange. The coupon
interest rate is 11% p.a. 

According to the bond issue terms the coupon interest shall be paid to the
investors who, pursuant to the data of the Estonian Central Register of Shares,
are note holders as of the third banking day before the interest payment date
(January 7, 2008) at 8 a.m. (Tallinn Time). Interest payments will be mediated
by AS Sampo Pank who acts as the payment agent of the bond issue. 

All interest payments made by the issuer in connection with the notes shall be
made in Estonian kroons such that the interest payment amount in euros shall be
restated in Estonian kroons under the central rate quoted by the Bank of
Estonia. The interest payment is transfered to the bank account that is related
to each investor's securities account. Income tax will be withheld from the
interest payments according to the applicable legislation. 

Additional information:
Meelis Šokman
Juhatuse esimees
Q Vara OÜ
Tel: 668 1600