PRO KAPITAL

ANNOUNCEMENT



SALES REPORT, AUGUST 2000



The current report provides an overview of Pro Kapital real estate 

sales in August 2000.



In Estonia Pro Kapital has developed and sells premises in Ilmarise 

dwelling quarter, Vene St.19 and Narva St.13a in Tallinn. In August 

the company sold in Estonia 372 m2 of different premises for total of 

EEK 6,157,000.



In Latvia Pro Kapital has developed and sells premises in 

condominium/office building located in the center of Riga (address 

Stabu 19). No sales were made in Latvia in August.



Currently Pro Kapital does not have real estate objects for sale in 

Lithuania.



Pro Kapital's total real estate sales in the Baltic countries in 

August 2000 amounted to EEK 6,157,000.





Additional information:



Andrus Laurits

CEO

Pro Kapital Eesti 

Tel. +372 614 4920



Alessandro Gelli

CEO

Pro Kapital Latvia

Tel. +371 732 3128





Ilona Saari

PK Grupp, Board member

Tel. +372 614 4920