News

Buy-out Offer of AS Trigon Capital

20.12.2007 15.23,
Trigon Property Development Company Announcement 20.12.2007

Buy-out offer intended for minority shareholders subject to the shareholders
approving the planned share issue outlined in the previous stock exchange
announcement

AS Trigon Property Development (TPD) hereby announces that it has been
approached by AS Trigon Capital who has disclosed its intention to make a
buy-out offer to all minority shareholders of TPD subject to the planned share
issue announced in the previous stock exchange announcement dated December 12,
2007, being approved by the Extraordinary General Meeting of TPD. The buy-out
offer will be subject to the registration of the prospectus with the Estonian
Financial Supervision Authority.
The intended buy-out price shall be equal to the NAV per share of TPD based on
the valuation put on the Niidu property holding of TPD by Colliers
International (latest calculation is approximately EUR 8.1 million, which
equates to approximately EUR 1.80 per share).

Ülo Adamson
Chairman of the Supervisory Board