Saku Õlletehas                NEWS RELEASE                      02/11/2003



PROFIT ALLOCATION PROPOSAL



The  management board of Saku Brewery Ltd  proposes  that

the company:



- declare a net dividend (the share of profit payable

  to shareholders) of EEK 40,000,000 (EUR 2,556,000), i.e.

  EEK  5  (EUR 0.32) per share. Thereat, according to the

  rules of Tallinn Stock Exchange, the shareholders who are

  entitled to the dividend will be identified based on the

  list of shareholders at the Estonian Central Depository

  for Securities at 8 a.m. on the 15th stock exchange day

  from the day of the general meeting.

-  increase accumulated profits by the net profit  for

  2002 of EEK 38,821,000 (EUR 2,481,000); and

- distribute  the dividend using EEK 22,761,000  (EUR

  1,454,000) of the undistributed profits of 1994-1999 and

  EEK  17,239,000  (EUR 1,102,000) of  the  undistributed

  profits of 2000-2002.





Kristina Seimann

PR Manager

+372 650 83 03