Last update: 29.03.2024 00:16 (GMT+2)

MKO: Corrected release about concluded loan contract

07.12.2005, Järvevana, TLN
AS Merko Ehitus                   Corrective release                  07.12.2005

Corrected release about concluded loan contract

In previously discloused english version announcement (26.09.2005) about
concluding a loan contract, there has been corrected announcements first
sentence. The correct sentence would be "On September 22nd, SIA Merks, Latvian
subsidiary of AS Merko Ehitus, concluded a loan contract lending 8 450 thousand
euro to the owners of a Latvian company ZIA Zakusala Estates with a yearly
interest of 12 per cent."

The revised release follows:
---------------------------------------------------------------------------------

Concluding a loan contract

On September 22nd, SIA Merks, Latvian subsidiary of AS Merko Ehitus, concluded
a loan contract lending 8 450 thousand euro to the owners of a Latvian company
ZIA Zakusala Estates with a yearly interest of 12 per cent. The said loan matures
on December 1st this year. SIA Zakusala Estates possesses land utilization
rights for over 126 thousand square meters on the Zakusala island in Riga.
SIA Merks intends to acquire a fifty per cent share in SIA Zakusala Estates.

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