SAKU ÕLLETEHAS

ANNOUNCEMENT

 

RESOLUTIONS OF ANNUAL GENERAL MEETING OF SHAREHOLDERS (APPENDIX)

 

Profit allocation

 

The shareholders' annual general meeting approved the proposal for 

profit allocation, the amount paid to dividends and order of 

dividend payments as follows:

     

Net profit:                          		EEK 61 009 264 

Amount to be allocated between shareholders:	EEK 40 000 000 

                                    (dividends EEK 5 per share)

 

 

The remaining share of net profit will be transferred to the 

account of retained earnings.

 

Dividend payments will be made not later than on 06.04.2000.

 

According to the Rules and Regulations of the Tallinn Stock 

Exchange, the list of shareholders entitled for dividend payments 

for 1999 financial year will be determined in accordance with the 

shareholders' list at Estonian Central Depository for Securities as 

of 27.03.2000 (15th stock exchange day after the day of AGM) at 

8:00 a.m.

 

 

Ruth Roht

Public Relations Manager 

+372 65 08 303