AGM resolutions of ECSD

06.06.2000 TLN

The annual general meeting of shareholders of Estonian CSD (ECSD) was held on June 6, 2000.

1. AGM resolved to approve the activities of ECSD, and to adopt the 1999 annual report and proposal for profit allocation.

According to the proposal for profit allocation, net profit earned by ECSD in 1999 in the amount EEK 64,333 will be allocated as follows:

(1) to assign 5% of the amount of net profit earned in 1999, or EEK 3,217, to the account of mandatory legal reserve.

(2) to assign the undistributed sum in the amount EEK 61,116 to the account of retained earnings.

2. AGM resolved to appoint Urmas Kaarlep of PriceWaterhouseCoopers to audit the financial reports of ECSD in year 2000.

Additional information:

Eva Palu
Head of Investor Relations Department
Tel: +372 6408 840
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