HANSAPANK

ANNOUNCEMENT



EUROBOND ISSUE



Today Hansapank launched a 3 year e150 million eurobond at a spread of

128bp over OBL126 4.5% Feb 2003 Bund, and the coupon of 6%. The

corresponding interest rate would be 98bp over EURIBOR (all in cost

109bp over EURIBOR).

The transaction was jointly lead managed by Warburg Dillon Read and

Swedbank, co-leads were Chase and Deutsche Bank.

The deal was the first European Emerging market bank transaction to be

marketed on the Internet. Hansapank will use the proceeds from the

eurobond to refinance maturing debt.



Hansapank is the largest financial group in the Baltic region with

total assets of EEK 34.25 billion and shareholders’ equity of EEK 4.95

billion at the end of 1999.



Additional information:

Petteri Lappalainen                     Erkki Raasuke

Group Treasurer                         CFO

+372 6131 925                           +372 6131 472





Mart Tõevere

Investor relations

+372 6131 569