Saku Õlletehas                NEWS RELEASE                      03/13/2003



DECISIONS OF THE GENERAL MEETING



The ordinary general meeting of the shareholders of Saku Brewery

Ltd   took  place  on  13  March  2003  at  15.00 to 16.15 pm

in   the administrative  building  of Saku  Brewery  Ltd,  

located  at  2 Tallinna mnt, Saku alevik, Harjumaa.

The  attendees represented 75,1 percent of the company’s voting

stock and the meeting was qualified to adopt decisions.

The general meeting:

1.  approved the annual report for 2002;

2.  approved the previously submitted profit allocation proposal

and procedure for the distribution of dividends;

The meeting decided to pay 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. 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.

3.  decided to recall all members of the supervisory board and

to elect a new five-member supervisory board for three years

until the ordinary general meeting of the shareholders in 2006.

Regarding development of co-operation between three Baltic 

breweries that belong to the BBH group, the meeting decided 

that the new members of the supervisory board will be 

Tomas Kučinskas, Saulius Endriuska, Vitalijs Gavrilovs, 

Jaak Leimann and Petteri Pelkonen.

4.  decided to pay members of the supervisory board for the work

done on the board in 2003 EEK 100,000  (EUR

6391)in aggregate. 

5.  decided to appoint Andris Jegers and Andres Root as auditors

of the company for one year until the next ordinary meeting of

the shareholders. The auditors will be paid for the audit of

2003 in accordance with the terms of the audit engagement letter

agreed between Saku Brewery Ltd and KPMG Estonia.





Kristina Seimann

PR Manager

+372 6 508 303