Tallinna Börs                 FINANCIAL RESULTS                 03/01/2002



HEX TALLINN 2001 FINANCIAL RESULTS



The consolidated audited net result for HEX Tallinn, the group uniting 

Tallinn Stock Exchange and Estonian CSD, was a loss of EEK -0.58 million 

(EUR -0.04 million) in 2001 compared to a EEK 1.59 million (EUR 0.1 million) 

net profit for the previous year. Total revenue for the group in 2001 was 

EEK 18.9 million (EUR 1.2 million) and owner's equity EEK 21.1 million 

(EUR 1.3 million) at the end of the period.



"2001 was a year of many significant changes for the Tallinn Stock Exchange 

and Estonian CSD. As of April, our shareholder structure changed as HEX 

acquired the majority of the shares and the mutual status of the group was 

ended. During the year we made sizeable investments and expenditures to 

prepare for the launch of the joint trading platform as well as the pension 

registry system, which had a short-term negative effect on earnings," 

commented Gert Tiivas, CEO of HEX Tallinn.





HEX Tallinn

Marketing and Public Relations

+372 6 408 800