Comment on depositing Q Vara's shares


According to Q Vara AS's announcement from December 14, 2007 the details about
depositing Q Vara's shares are hereby disclosed. On December 14, 2007 Alo
Lillepea, Ivo Lillepea, Jürgen Järvik and Carmen Kass agreed that Alo Lillepea
and Ivo Lillepea will become the owners of 100% of OÜ SLProductions and that OÜ
SLProductions purchases 50% of OÜ Q Capital's shares from OÜ marine Systems and
as a result will become 100% owner of OÜ Q Capital. OÜ SLProductions has a
right to complete the purchase transaction of OÜ Q Capital's shares by May 31,
2007. In case the purchase transaction is not finalized by then the previous
situation will be restored. 

According to the same transaction the holding company of Jürgen Järvik and
Carmen Kass - OÜ marine Systems - will become directly the owner of 50% of AS Q
Vara's shares. Previously OÜ SLProductions owned 88,1% and OÜ Marine Systems
owned 11,9% of Q Vara but Jürgen Järvik and Carmen Kass held part of their
ownerhip in Q Vara through OÜ SLProductions. As a result different holding
companies' shares changed but the structure of the final owners of AS Q Vara
remained the same. 

In order to secure the transactions 38% of Q Vara AS's shares and 50% of OÜ Q
Capital's shares were deposited on notary Aivar Mesikäpp's security account. 

Additional information:
Meelis Šokman
Chairman of the management board
Q Vara AS
Phone: 668 1600