HANSAPANK

ANNOUNCEMENT



CHANGING THE HANSA CAPITAL LEGAL STRUCTURE



On November 30, 2001 AS Hansa Capital and a/s Hansabanka signed an 

agreement whereby SIA Hanza Lizings will be sold to Hansabanka. The 

price of the transaction is based on the net asset value of Hanza 

Lizings as of November 30, 2001, which will be determined within 5 

days from signing the agreement.



The Group decided to change Hansa Capital’s legal structure because 

under the current banking regulatory restrictions it started to 

hamper the funding and thus the development of leasing and factoring 

operations in the Baltics. The management structure of Hansa Capital 

Group will remain unchanged.



Hansa Capital’s Lithuanian subsidiary, UAB Hanza Lizingas, will be 

sold to the merged Hansa-LTB during the first half of 2002.





Mart Tõevere

Head of investor relations

+372 613 1569