On January 31, 2008 a new Q Vara OÜ's subsidiary - OÜ Q Design - was registered in Estonia. The establishment decision was made by Q Vara AS's shareholders on January 23, 2008. The single shareholder of OÜ Q Design is Q Vara AS. The company's main activities include architectural and technical planning services. The aim of the company is to gather all designing resources of Q Vara Group into one entity and to sell the services transparently also to customers from outside the Group. OÜ Q Design's single management board member is Ivo Lillepea who is also a supervisory board member of Q Vara AS. On January 31, 2008 AS Q Vara's subsidiary OÜ Q Ehitus signed a construction agreement with OÜ Soosepa Lasteaed for building a kindergarten for 90 children into AS Q Vara's Soosepa residential development in Viimsi parish. The total construction cost is ca. 36 million EEK and the building will be finished by autumn 2008. Kindergarten is the final stage of Soosepa residential development. It was planned already at the time when Soosepa development was launched because AS Q Vara's goal is to create a full solution development that also includes the surrounding infrastructure. When planning the kindergarten Q Vara aimed the best solution to the resindents in the surrounding communities that for example is realized through small kindergarten classes where children get maximum attention from the teachers. Meelis Šokman Chairman of the management board Q Vara OÜ Phone: 668 1600