ANNUAL GENERAL MEETING OF SHAREHOLDERS

May 20, 2009

The meeting of the supervisory board of AS Trigon Property Development was held
on May 19, 2009 where the supervisory board decided to call the annual general
meeting of shareholders, to approve the agenda of the general meeting and to
give the proposals with respect of the items at the agenda of the general
meeting. The notice to call the annual general meeting will be published on May
21, 2009 as follows: 

Invitation to the Annual General Meeting of AS Trigon Property Development

On the proposal of the supervisory board, the management board of AS Trigon
Property Development (registry code: 10106774, hereinafter the Company) calls
the annual general meeting of the shareholders to be held in the office of the
Company at Viru Väljak 2, Tallinn 10111, Estonia at 11 am on June 16, 2009. 

The agenda of the general meeting with the proposals of the supervisory board
is  the following: 

1. Approval of the annual report 2008
The proposal of the supervisory board: to approve the annual report 2008
concluded by the management board in the presented form. 
2. Cover of loss for the year 2008
The proposal of the supervisory board: to cover the loss for the year 2008 in
the amount of 13,180 thousand Estonian kroons from the account of undistributed
profit of the previous periods. 
3. Appointment of auditor for the financial year 2009 and determination of the
remuneration procedure 
The proposal of the supervisory board: to appoint AS PricewaterhouseCoopers as
and auditor on the financial year 2009 and to pay remuneration upon the
concluded agreement presented invoices. 
4. Change of composition of the supervisory board
The proposal of the supervisory board: to remove the current supervisory board
member Gleb Ognyannikov from the position of the supervisory board member and
to appoint Ülo Kallas as the new supervisory board member of the Company. Ülo
Kallas is employed with AS Trigon Capital since 2008 and is the Chief Financial
Officer of AS Trigon Capital since January 1, 2009. Prior to that in the years
2005-2008 Mr. Kallas worked for AS Swedbank including as the head of project
financing department. Ülo Kallas owns no shares in AS Trigon Property
Development. 

The audited annual report 2008 of AS Trigon Property Development is available
for examination at the location of the Company at Viru Väljak 2, Tallinn and on
the website of the Company www.trigonproperty.com. 

The list of shareholders entitled to participate at the general meeting will be
closed at 23:59 on June 5, 2009. The registration of the participants of the
meeting will start at 10:30. 

For registration of the participants of the general meeting are requested:

Shareholders as natural persons are requested to submit a passport or identity
card; their representatives are requested to submit additionally written power
of attorney. 
 
Shareholders as legal entities are requested to submit a certified extract from
a relevant (commercial) register, with whom the legal entity has been
registered, which sets out a person's right to represent the shareholder (at
law) or power of attorney along with the person's idenification document. The
documents of legal entities registered abroad shall be legalised or affixed
with Apostille. 

Aivar Kempi
Member of the management board
+372 6679 200
info@trigonproperty.com