Last update: 28.11.2024 13:27 (GMT+2)

KLV: Contract concluded by subsidiary

17.12.2004, Kalev, TLN
Kalev                            ANNOUNCEMENT                           17.12.2004

Contract concluded by subsidiary

On 7 December 2004, AS Kalev Real Estate Company (AS Kalev REC) and United Real
Estate OÜ (URE OÜ) concluded a contract on the free-of-charge transfer of a share
in the private limited company Sõbra Korterid OÜ. Pursuant to the contract, URE
OÜ transferred to AS Kalev REC a 20-thousand-kroon share-i.e. 50% of the share
capital-of the private limited company.

Sõbra Korterid OÜ's main field of activity is real estate development and
administration.

AS Kalev REC acquired the share in Sõbra Korterid OÜ with the aim of pursuing
real estate development on the housing market. The private limited company plans
to construct two new apartment buildings on the real estate located at Kastani
183a and 183b in Tartu.

The transaction does not represent a transaction with a related party in the
meaning of the Tallinn Stock Exchange rules and regulations.


Ruth Roht
PR manager
+372 6 077 858

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