The results of AS Q Vara bond investors' vote


AS Q Vara investors voting period, during which Investors could vote for AS Q
Vara's proposal on counting the subordinated loan that was invested by the
shareholders as part of Q Vara's equity and increasing the bond interest rate
up to 13%, ended on August 13, 2008.  Q Vara's proposal is deemed adopted if at
least the Majority of Investors (the investors who own more than 50% of the
bonds and who are not related to the Issuer) voted for the decision. 

As a result of the vote the Majority of Investors voted for the proposal.
According to the vote Q Vara bonds' interest rate starting from August 9, 2008
is 13%. 

The recording secretary of the vote was AS Sampo Pank.

Meelis Šokman
Chairman of the management board
AS Q Vara
Tel: 668 1600