HÜVITUSFOND

ANNOUNCEMENT



INTEREST RATES FOR IX-SERIES BONDS



Interest paid to the holders of Hüvitusfond IX-series bonds is 6.986% or EEK 

6.986 per bond.



Interest rate paid to the holders of Hüvitusfond IX-series bonds is based on 

3-months Talibor (Tallinn Inter-bank Offered Rate), plus 1.5% fixed interest 

rate. Hüvitusfond fixes Talibor four times per year, at the end of each 

quarter. Interest payments will be made to investors holding the respective 

bonds as of the end-day of 16.06.2000, according to the data of the 

securities register of the Estonian Central Depository for Securities.



Interest payments are transferred to the bondholders' accounts once a year on 

June 18, or the first banking day following that date. Hüvitusfond will make 

interest payments to the holders of IX-series bonds in total amount of 3.2 

million EEK. Interest payments will be made to approximately 800 bondholders.



The redemption date for IX-series bonds is 18.06.2002. Hüvitusfond will then 

buy back the bonds at nominal value, i.e. EEK 100 per bond. Interest payments 

on Hüvitusfond bonds to private persons are exempt from income tax.





Jaanus Kosemaa

PR manager

+372 66 51 800