Interim report on joining the funded pension system as of May 31, 2002

03.06.2002 TLN

Estonian CSD
Press Release
03.06.2002

As of May 31, 2002, 37,055 people had joined the funded pension system. Persons who had joined the system by that date will start collecting funded pension as of July 1, 2002.

The number of people joining the system multiplied on the last days of May: on May 29, 3,657 people joined the funded pension system, 4,722 on May 30, and 7,890 on May 31, respectively.

“This is an excellent result in our opinion, exceeding our forecasts,” said Jaanus Erlemann, Supervisory Board chairman of Estonian CSD.

Market share by fund managers:

Fund manager
Market share
Ergo Varahaldus5.69%
Hansa Investeerimisfondid50.14%
LHV Varahaldus2.49%
Sampo Varahaldus5.05%
Seesam Varahaldus1.22%
Ühispanga Varahaldus35.41%


Market share by funds:

Fund
Market share
Eesti Ühispanga Pensionifond Konservatiivne6.39%
Eesti Ühispanga Pensionifond Progressiivne29.02%
Ergo Rahulik Pensionifond1.51%
Ergo Tuleviku Pensionifond4.17%
Hansa Pensionifond K1 (konservatiivne strateegia)5.52%
Hansa Pensionifond K2 (tasakaalustatud strateegia)16.79%
Hansa Pensionifond K3 (kasvustrateegia)27.83%
Kohustusliku Pensionifondi Sampo Pension 250.48%
Kohustusliku Pensionifondi Sampo Pension 504.49%
Kohustusliku Pensionifondi Sampo Pension Intress0.08%
LHV Aktsiapensionifond2.36%
LHV Intressipensionifond0.12%
Seesami Kasvu Pensionifond0.63%
Seesami Optimaalne Pensionifond0.45%
Seesami Võlakirjade Pensionifond0.14%


Persons who wish to start making contributions to funded pension as of January 1, 2003, have time to join until October 31, 2002. October 31, 2002 is also the last date when people born from 1942 to 1956 can join the funded pension system.

Estonian CSD, part of HEX Tallinn, maintains Estonian central securities registry and pension registry.

More information is available at www.pensionikeskus.ee.

Additional information:

Eva Palu
Head of Marketing and PR Department
Tallinn Stock Exchange / Estonian CSD

HEX Tallinn
Tel: +372 640 8800
e-mail:

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