According to Q Vara bond investors' vote that ended on April 7, 2008 the investors granted Q Vara a right to raise additional capital for developing Terminal No. 11 logistics park project and gave additional time until June 30, 2008 to bring the equity share in line with the bond issue terms. On March 24, 2008 Q Vara's shareholder OÜ SLProductions gave out an assurance letter according to which it confirmed its readyness to invest additional capital into Q Vara if needed for increasing the equity level. On June 25, 2008 Q Vara signed a loan agreement with OÜ SLProductions' other subsidiary OÜ Q Capital according to which OÜ Q Capital gives 86 000 000 EEK of subordinated loan (the loan is subordinated to all other liabilities) to Q Vara. The additional capital will be used to pay off the current liabilities and creating a liquidity buffer. The subordinated loan will be converted to share capital as soon as the relevant documentation is finished. After the additional investment from shareholders Q Vara has fulfilled its equity share requirement and its equity exceeds 30% of its balance sheet volume. Q Vara will disclose its balance sheet and profit and loss statement by July 31, 2008 at the latest. Additional information: Alo Lillepea Management board member AS Q Vara Phone: +372 668 1600