News

Annual General Meeting of Shareholders

08.05.2008 14.36,

The meeting of the supervisory board of AS Trigon Property Development was held on May 8, 2008 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 questions at the agenda of the general meeting. The notice to call the annual general meeting will be published on May 9, 2008 in the following:

Invitation to call the Annual General Meeting of AS Trigon Property Development

Dear shareholder 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 Suur-Jõe 48, Pärnu, Estonia at 11 am on June 6, 2008.

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

1. Approval of the annual report 2007

The proposal of the supervisory board: to approve the annual report 2007 concluded by the management board in the presented form.

2. Distribution of profit for the year 2007

The proposal of the supervisory board: to transfer the net profit on the financial year 2007 in the amount of 37,225 thousand Estonian kroons to the account of undistributed profit of the previous periods.

3. Appointment of auditor for the financial year 2008 and determination of the remuneration procedure

The proposal of the supervisory board: to appoint AS PricewaterhouseCoopers as and auditor on the financial year 2008 and to pay remuneration upon the concluded agreement presented invoices.

4. Change of the articles of association

The proposal of the supervisory board: to change the section 1.2 of the articles of association and adopt it in the following wording: the location of the Company is Tallinn, Estonia.

The audited annual report 2007 of AS Trigon Property Development is available for examination at the location of the Company at Suur-Jõe 48, Pärnu or in Pärnu mnt 15, Tallinn and in 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 May 26, 2008. The registration of the participants of the meeting will start on 10:30.

For registration of the participants of the general meeting are requested a personal identification document and the representatives of the shareholders are requested additionally a written power of attorney or other documents to prove the authorisation.

Aivar Kempi

Member of the management board