TALLINNA KAUBAMAJA

ANNOUNCEMENT



BOND ISSUE



On 07.07.2000 Tallinna Kaubamaja AS issued discount bonds; total 

volume of the issue was EEK 14.3 million. The bonds yield at 7.18%. 

The bonds will be redeemed on 07/12/2001.



The issue was organized by Hansabank Markets.





Urmo Vallner

Management Board member

+372 64 00 200