HANSAPANK

ANNOUNCEMENT



SHARE CAPITAL INCREASE



Pursuant to the resolutions of the Annual General Meeting of

Shareholders held on 14 April 2000 and with reference to the Employee

Option Programme the Council of Hansabank resolved:



To increase the share capital by EEK 2,670,000 through the issuance of

267,000 new registered common shares with the par value of EEK 10. The

issue of the new shares shall be directed to the employees and

managers of AS Hansapank and its subsidiaries participating in the

programme according to the resolution of the Annual General Meeting of

Shareholders held on 14 April 2000.

The issue price of a share shall be EEK 49.92, thus including a

premium of EEK 39.92. The new amount of the share capital shall be EEK

790,314,340 or such lesser amount as it may be reduced to after the

cancellation of unsubscribed portion of new shares.



The pre-emptive right of shareholders to subscribe for new shares has

been waived by the resolution of the Annual General Meeting of

Shareholders held on 14 April 2000.

The subscription period shall be from 1 February through 15 February

2001. The subscription shall be made at the registered address of AS

Hansapank, Liivalaia 8, Tallinn. The new shares shall be fully paid

for during a period of 5 (five) business days as of the subscription

by cash transfers to account no. 227000000016 with Hansapank.



The new shares shall entitle the subscribers to dividends for the

financial year of 2000 and onwards.



To authorise the Board of Directors to cancel the shares not

subscribed or not paid for during the subscription or payment period,

respectively. The cancellation right has to be used during a period of

15 (fifteen) days as of the end of the subscription period.





Mart Tõevere

Head of Investor Relations

+372 6131 569