PRO KAPITAL

ANNOUNCEMENT



SHAREHOLDERS' GENERAL MEETING



In accordance with the Supervisory Board authorization 

AS Pro Kapital Grupp (reg. code 10278802, address 

Narva Rd. 13, Tallinn) convenes the general meeting of 

AS Pro Kapital Grupp shareholders on April 5, 2001.



The general meeting of AS Pro Kapital Grupp shareholders 

will be held on 05.04.2001, beginning at 11:00 a.m., 

in Tallinn, Põhja St. 23, at Ilmarise Residence.



Agenda:

1)   Approval of 2000 annual report;

2)   Profit allocation, incl. provisions to reserve capital account;

3)   Approval of new redaction of company's Articles of Association;

4)   remuneration of Supervisory Board members;

5)   operations with convertible bonds;

6)   appointment of auditor for 2001 financial year.



Persons registered as Pro Kapital Grupp shareholders in the 

Estonian Central Depository for Securities as of 05.04.2001,

at 8:00 AM, have the right to attend the AGM.



The annual report of 2000 and new redaction of Articles of 

Association of AS Pro Kapital Grupp are available at

the company's offices for two weeks prior to the AGM. 



All meeting attendants must present an identification document 

(representatives also need to present a proxy); the corporate 

shareholders must present an excerpt from Commercial Registry card 

(representatives also need to present a proxy).





Ilona Saari

Board member, PK Group

+372 614 4924