News

Annual General Meeting of Shareholders

20.05.2009 16.15,

ANNUAL GENERAL MEETING OF SHAREHOLDERS

May 20, 2009

Invitation to the Annual General Meeting of AS Trigon Property Development

Dear Shareholders,

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 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