LHV Ilmarise Kinnisvaraportfelli OÜ started its activities in 2005 when it took
over property finance lease portfolio from OÜ Ilmarise Kvartal and carried out a
placement of bonds backed with those finance lease agreements. Bonds issued
amounted to 18.5 million kroons (1.2 million EUR) with maturity up to 2029.
Underlying property is mainly situated in Tallinn Ilmarise District.
By the time of signing 2006 annual report, there have been eight redemption and
interest payments to bond holders. A total of 139 199 bonds were redeemed for
the amount of 13 919 900 kroons (EUR 889 644), of which 76 853 (7 685 300 EEK /
491 180 EUR) were redeemed in 2005 and 62 346 (6 234 600 EEK / 398 464 EUR) were
redeemed in 2006. The number of bonds outstanding after redemptions is 46 096
and the nominal value of the issue is 4 609 600 kroons (EUR 294 607).
The year 2006 audited annual net interest income of LHV Ilmarise
Kinnisvaraportfelli OÜ was 51 630 kroons (3 300 euros) and net loss for
financial year 51 971 kroons (3 322 euros). The Company's balance volume is 6,47
million kroons (0,41 million euros). No changes where made in Company's equity.
The year 2006 audited report of LHV Ilmarise Kinnisvaraportfelli OÜ is available
on the website of Tallinna Börs www.ee.omxgroup.com.
Tarmo Jüristo
Member of the Management Board
Phone: +372 6800 419
