News

Changes in time schedule

10.01.2008 09.45,
Trigon Property Development Company Announcement 10.01.2008

TPD: Changes in time schedule

10.01.2008

As mentioned in AS Trigon Property Development (TPD) stock exchange release
dated 12 December 2007 the Extraordinary Shareholders Meeting of TPD planned
for early February 2008 was subject to the detail plan concerning Gate Tallinn
being approved by the Saue municipality local council (volikogu) meeting which
was scheduled for the end of January 2008.

Saue local municipality (vallavalitsus) has now however decided that they want
to present the agreement on construction of the road network by and between
Saue and Saku municipality, Chester Universal and Road Administration related
to the Gate Tallinn detail plan to the municipality's local council separately
before adoption of the detail plan as a whole. This will be done on January, 24
when the local council will be asked to approve the agreement being signed by
the head of the municipality (vallavanem).

Subject to the signing of the above referred agreement being approved, the
detail plan will be presented to the local council for approval at its next
meeting in February.

All TPD's corporate events (including an Extraordinary shareholders' meeting
and a buy-out offer to the minority shareholders by AS Trigon Capital), which
have been announced in previous stock exchange releases, are subject to
approval of the Gate Tallinn detail plan (as has been mentioned in the
respective releases) and will be therefore delayed accordingly.

Aivar Kempi, Member of the Management Board
Kai Kaljaste, In-house lawyer
+372 6679 200