In the announcement on July 17, 2007 („Q Vara OÜ's agreement with Estonian Tax and Customs Board „) Q Vara disclosed the agreement with Estonian Tax and Customs Board, according to which Q Vara agreed to postpone the payment of VAT liability until the end of August 2007. By the end of August Q Vara had reduced its tax overdue from EEK 4,6 million to EEK 142 thousand. At the same time Q Vara had paid substantial amount of VAT through the construction invoices of Terminal 11 project in August. Therefore by the end of august Q Vara was in a situation where it had tax overdue (EEK 142 thousand) and tax prepayment (EEK 931 million) that exceeded overdue by EEK 789. Although the Tax and Customs Board's registry showed larger overdue amount than 142 thousand in the end of August the actual sum was 142 thousand and the difference was a result of mistakes in filed tax declarations. Q Vara has filed a tax declaration to Tax and Customs Board that according to the law will be registered by September 20, 2007. Because of this the registry shows that Q Vara has overdue tax payments by that date. Q Vara has consulted with Tax and Customs Board and has agreed that the liability will be settled with the prepayment on September 20, 2007. Additional information: Meelis Šokman Chairman of the management board Q Vara AS Phone: 668 1600