EESTI ÜHISPANK

ANNOUNCEMENT



REGARDING ANNUAL GENERAL MEETING OF SHAREHOLDERS



According to  the decision  of the  Board of  AS Eesti  Ühispank of 14

March 2000,  the Annual  General Meeting  of Shareholders  of AS Eesti

Ühispank  is  to  convene  in  Conference  Centre  Sakala at 12 Rävala

Avenue, Tallinn, Estonia, on 7 April 2000, at 11 a.m. Registration  of

the participants of  the shareholders' general  meeting will begin  at

10 a.m., on 7 April 2000



Herewith we send the Notice of Annual General Meeting of Shareholders.



Eero Raun

Head of PR Dept.

+372 66 55 256



Livia Toomik

Head of Legal Dept.

+372 66 55 320



AS EESTI ÜHISPANK

NOTICE OF ANNUAL GENERAL MEETING OF SHAREHOLDERS



The Annual General Meeting of Shareholders of AS Eesti Ühispank is  to

convene  in  Conference  Centre  Sakala  at 12 Rävala Avenue, Tallinn,

Estonia, on 7 April 2000, at 11 a.m.



Agenda

1. Approval of 1999 Annual Report

1.1. Management Board report on the 1999 financial year

1.2. Internal Audit Unit report

1.3. Supervisory Board report

2. Appointment of the auditor

3. Election of Supervisory Board members

4. Remuneration of Supervisory Board members



The shareholders entitled to take part in the General Meeting have  to

be entered in the Share Register as at 8 a.m., on 7 April 2000.



Registration  of   the  participants  of  the  shareholders'   general

meeting will begin at 10 a.m., on 7 April 2000



The   Annual   Report   of   1999   is   available   via  Internet  at

<a href='http://www.eyp.ee' target='_blank'>http://www.eyp.ee</a> as of  24 March 2000  and at the  head office of  AS

Eesti Ühispank at 2 Tornimäe Street, Tallinn.



In order to register for the General Meeting the participating



* private  persons should  present their  IDs, and  proxy holders also

  their authorisations;



* representatives   of  legal   persons  should   present   documents

verifying  their  authorisation  (a  copy  of  the Commercial Register

card, issued  not later  than 15  days earlier)  and proxy holders, in

addition, the  power of  attorney by  their management  bodies. Please

present also your IDs.



* non-residents should present their legalised documents.



Management Board of AS Eesti Ühispank





Urmas Neetar

head of reporting dept.

6 656 390