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Eastern European Markets
NEWS RELEASE
September 26, 2007

EPI Baltic I invests in retail real estate in Tallinn

Evli's EPI (Evli Property Investments) Baltic I fund has made its fifth investment, acquiring a retail building in Tallinn in a transaction signed on 19 September 2007. The building was completed in 2007 and is located at A.H. Tammsaare road 49. It has a floor area of approximately 11,000m2. The building in its entirety is leased to Rautakesko AS, which operates a K-Rauta hardware store in it.

"Considering the market, the property is an excellent cash-flow investment with a high-standard tenant and a long lease. It is a perfect fit in the EPI Baltic I real estate portfolio," says Maria Söderman, Investment Manager at Evli Property Investments Ltd, the fund's management company. Founded in April 2005, EPI Baltic I is the first Finnish real estate equity fund and it invests in the Baltic real estate market. The fund was closed finally in December 2005 when its equity commitments reached the preset
EUR 50 million maximum.

Previous to the current deal, EPI Baltic I had made four investments. The fund owns a commercial building in the centre of Vilnius, a production facility in the municipality of Saku outside Tallinn, the De La Gardie shopping center in Tallinn and a logistics facility, also in Tallinn. The portfolio manager of EPI Baltic I is Catella Property Oy.

Further information
Maria Söderman, Investment Manager
Evli Property Investments Ltd, tel.
+358 9 4766 9348
Petteri Nurminen, Managing Director
Evli Property Investments Ltd, tel. +
358 9 4766 9271

www.evli.com


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