HÜVITUSFOND

ANNOUNCEMENT



INTEREST RATES FOR V-SERIES BONDS, REDEMPTION OF BONDS



Hüvitusfond will redeem the issues of III- and XV-series bonds

on 26.09.2001. On the date of redemption the bondholders will 

receive interest payments in addition to redemption payment.



Interest payments will be made to investors holding the respective 

bonds as of the end-day of 24.09.2001, according to the data of 

the securities register of the Estonian Central Depository 

for Securities. Redemption payments will be made to investors 

holding the respective bonds as of 26.09.200 at 8:00 a.m., 

according to the data of the securities register of the Estonian 

Central Depository for Securities.



Base interest paid to the holders of Hüvitusfond V-series bonds 

is 7%.  According to the decisions made by Hüvitusfond Supervisory 

Board, no additional interest will be paid for H1 2001. Volume of 

V-series bond issue is EEK 40 million. 



Interest payments from Hüvitusfond bonds to private persons are 

exempt from income tax.



Hüvitusfond will make interest payments to the holders of V-series 

bonds in total amount of 2.8 million EEK, and redemption payments 

in total amount of EEK 40 million.



V-series bond issue took place from 26.09.1995 to 23.10.1995. 

Altogether 3,616 private investors participated in the issue.





Jaanus Kosemaa

PR manager

+372 66 51 800