The announcement released on 08.12.2008 stated misleading agreement volume of 60.7 mln kroons (3.9 mln euros) without VAT. The corrected release follows: Arco's construction division signed an agreement to design and construct drinking water system in drainage basin of rivers Emajõe and Võhandu in Estonia. Total volume of the project is 75.0 mln kroons (4.8 mln euros) without VAT, of which Arco Ehitus OÜ makes construction and installation works for 42.7 mln kroons (2.7 mln euros) without VAT. 1 EUR=15.6466 EEK Arco Vara AS