EfTEN Real Estate Fund III AS established a 100% subsidiary in Estonia with the business name EfTEN Kolmas OÜ. The management board members of the subsidiary are Viljar Arakas and Tõnu Uustalu. The company has no supervisory board.

The purpose of establishing a subsidiary is to acquire the following four registered immovables with a car sales and service center and parking areas. The registered immovable will be acquired from the ABC Vara AS, based on the contract of sale signed December 14, 2018: a registered immovable located Mustjõe 1 and Paldiski mnt 105 in Tallinn (registry no. 1976101, consisting of two cadastral units: cadastral number 78406: 601: 6830, area 1247m² and cadastral number 78406: 601: 6840, area 4419m²); a registered immovable located Mustjuure 6 in Tallinn (registry no.

1976701, cadastral no. 78406:601:4520, area 1795m²); 1/2 of the registered immovable located Mustjõe 3 in Tallinn (registry no 3717201, cadastral no. 78406: 601: 4850, total area of the registered immovable 695 m²); 1200/2694 of the registered immovable located Paldiski mnt 97 in Tallinn (registry no 11149501, cadastral no 78406: 601: 6750, total area of the registered immovable 2694 m²; according to the agreement of the co-owners, the seller has a sole use of 1200 m²).