Eesti Telekom                 NEWS RELEASE                      04/10/2002



EMT MOBILE PARKING LAUNCHED IN NORWAY



On  10th April 2002, Mobile Payment Systems AS (mPay),  a

jointly  founded  company  of  Estonian  leading   mobile

communication  operator  AS  EMT  and  Norwegian   mobile

communication  applications developer  Scangit  AS,  will

launch  a  pilot  project in Oslo for  the  provision  of

mobile parking services in Norway.

Initially the mobile parking will be just a pilot project

involving  Oslo area. Mobile Payments Systems  AS  (mPay)

has  scheduled the nationwide launch of the  service  for

the summer of this year.

The  system  of mobile parking allows the users  of  VISA

debit  and  credit cards pay for their parking  by  using

their  mobile telephones. This service will be introduced

in joint effort with VISA Norge AS and Sparbank 1.

The  service of mobile parking in Norway will be  offered

by  Mobile Payments Systems AS (mPay) – a company set  up

for  this  purpose.  EMT has provided mPay  with  special

technology,   which   has  been   integrated   with   the

information  systems  of  the  parties  needed  for   the

provision of the mobile parking service.

mPay  will  pay  EMT  an  agreed percentage  of  the  net

turnover  of  mPay and additionally EMT has reserved  the

call  option of the mPay stock for securing its  dominant

influence in this company.

The  mPay  partners in this pilot project  are  the  City

Government of Oslo and parking service operators  Nordisk

Parkering and Parkerings-Compagniet.



AS EMT is a 100% subsidiary of AS Eesti Telekom.





Hille Võrk

Financial Manager

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