Arco Vara AS redeemed commercial papers in value of 26.2 mln kroons (1.7 mln euros). The rest of the balance in value of 26.2 mln kroons (1.7 mln euros) was prolonged against extra collaterals until 31.05.2010 with an annual interest rate of 16%. 1 EUR=15.6466 EEK Additional information: Heigo Metsoja CFO +372 6144 654 heigo.metsoja@arcovara.ee http://www.arcorealestate.com