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The minutes of the Saue municipality local council meeting on proceedings of the Gate Tallinn detail plan

07.03.2008 10.05,

AS Trigon Property Development (TPD) hereby announces that according to minutes of the Saue municipality local council meeting held on February 28, 2008 in relation to the proceedings of Gate Tallinn detail plan, the municipality local council has formed its opinion that the proceedings of the said detail plan will be continued after the approval of the preliminary technical project of the section of Tallin-Pärnu-Ikla highway (the Via Baltica) from the border of Tallinn city to the Kanama cross-road by the Estonian Road Administration. The local council has indicated in the minutes of the same meeting that the Gate Tallinn detail plan has received all other necessary approvals and that after approval of the preliminary technical project there are no other obstacles to present the Gate Tallinn detail plan to the Saue municipality council for approval.

OÜ Chester Universal, who is the owner of Gate Tallinn development area has consented to perform and finance the requested preliminary technical project (of the section of the Via Baltica highway from the border of Tallinn city to the Kanama cross-road) and stated that the work has already been started. Depending on the development of the preliminary technical project solutions it is the estimation of the management of TPD that it will be possible to present the Gate Tallinn detail plan to Saue municipality local council for approval within next 3-6 months, however, the final decision as well as any amendments to the process shall be within the powers of the Saue municipality local council.

Ülo Adamson

Chairman of the Supervisory Board

+372 6679 200

info@trigonproperty.com