ESTIKO

ANNOUNCEMENT



ANNUAL GENERAL MEETING OF SHAREHOLDERS



Annual general meeting of AS Estiko shareholders will be held on 

21.05.2001 at Emajõe Business Centre, 12th floor (Soola St. 8, Tartu), 

beginning at 10:00 a.m.



Agenda of the meeting:



1. Approval of the 2000 Annual Report.

2. Deciding the profit allocation.

3. Appointment of auditor for financial year of 2001.

4. Approval of dividends on preferred shares in year 2001.

5. Approval of interest rate for bonds in year 2001.

6. Acquisition of treasury shares.



The suffrage of the shareholder at the general meeting will be determined

on the basis of the shareholders' list as of 18.05.2001 at 5:00 PM.

The registration of the participants of the meeting will start on the 21

of May at 9:00 AM.



Upon registration the legitimate representatives of the corporate shareholders

are asked to submit the documents which would approve their right to 

representation.  For the board members of a corporate body it is a copy of the

registration card of the company, for the authorized representatives it is the

authorization from the board or its substitute and a copy of the registration 

card of the company. The document for personal identification will be required.

The individual shareholders will be asked to submit the document for personal 

identification, a representative will be asked to submit also the 

authorization. 



The Annual Report 2001 will be available for viewing at Internet homepage 

of Tallinn Stock Exchange (www.tse.ee) and on every workday from 9:00 AM 

to 3:00 PM at the office of AS Estiko, 8 Soola St, Tartu.



For any further questions concerning the general meeting, please 

contact us by telephone +372 7 371 000.





Ellen Tohvri

Management Board chairperson

+372 7 371 000