SAKU ÕLLETEHAS

ANNOUNCEMENT



PROFIT ALLOCATION PROPOSAL BY THE MANAGEMENT BOARD



The Management Board of the Saku Brewery (Saku Olletehase  AS) makes the

proposal to allocate the net profit as follows:



- to declare  net  dividends-the  share  of  the  profit  payable   to

shareholders-in the total amount of 40 million kroons or 5 kroons per share,

whereby, according to the rules of the Tallinn Stock Exchange, the  list  of

shareholders  at the Estonian Central Depository for Securities  as  of  the

fifteenth  stock exchange day after the day of the general  meeting  of  the

shareholders at eight hours a.m. shall be taken as the basis for the list of

shareholders entitled to receive dividend payments.



- to pay the dividends from the retained earnings of 1994-1999



- to increase  retained earnings by the net profit for 2000 of 73,955,035

kroons.





Ruth Roht

Public Relations Manager

+372 6 508 303