SAKU ÕLLETEHAS

REPORT



PARENT COMPANY STATEMENT OF CHANGES IN EQUITY, Q1 2000



in thousand EEK

                                    Parent**  Parent**    Parent    Parent

                                     Q1 2000   Q1 1999      1999      1998



Share capital                         80,000    80,000    80,000    80,000

Reserve capital, beginning balance     8,000     8,000     8,000     8,000

Reserve capital, closing balance       8,000     8,000     8,000     8,000

Other reserves                        44,070    44,070    44,070    44,070

Retained earnings,

beginning balance                    186,801   157,906   157,906   114,225

Dividends paid                                           -32,000   -16,000

Provisions from reserve capital

Balance of deferred                                                 15,984

income tax liability

Retained earnings,

closing balance                      186,801   157,906   125,906   114,209

Net profit for financial year          3,303     7,114    60,895    43,697



Total owners' equity                 322,174   297,090   318,871   289,976



** - unaudited





Ruth Roht

Public Relations Manager

+372 6 508 303