Saku Õlletehas         ANNOUNCEMENT               12.01.2005



Chairman of the Executive Board 



Today Mr Cardo Remmel, the Chairman of the Executive Board,

submitted an application to the Supervisory Board to resign

from his current position.

Supervisory Board was also announced by Mr Jaak Uus about

his will to accept the offered position as a new Chairman of

Executive Board in Saku Brewery Ltd.

The Supervisory board decided to accept Mr Remmel`s

application and to recall Mr Remmel from his current

position starting the date, when there will be a new

Chairman of the Executive Board appointed.



According Mr Uus`s submitted application, the Supervisory

Board appointed Jaak Uus to the Chairman of Executive Board

position starting January 13, 2005.



Mr Remmel accepted the proposal made by the Supervisory

Board to continue his work as a Supervisory Board member.

The Supervisory Board will enclose this proposal into agenda

of the next regular general meeting of shareholders.



Cardo Remmel has worked as a General Manager of Saku Brewery

since 1987. Since 1987 as a General Director for Saku

Experimental Brewery. Since 1991, when was established joint

venture Saku Brewery  as a General Manager. Since 1995. as a

Chairman of Executive Board for Saku Brewery Ltd.

1993. was launched the first and the most well known

Estonian premium beer brand Saku Originaal (By EMOR

research). The brewery has been the leading brewery in

Estonia since the beginning of 1990es.



Jaak Uus has worked for Tobaccoland Eesti AS as a Chairman

of the Executive Board and General Manager since 2000. 

1999 to 2000 as a Chairman of the Executive Board 

and General Manager for 

Swedish Match Eesti AS/Austria Tabak Eesti AS. 1995 to 

1999 as a Sales Director/ Member of the Executive Board 

(since 1997) for AS Kalev.



Neither both, Cardo Remmel and Jaak Uus don`t own shares of

Saku Brewery Ltd.





Kristina Seimann

Communication manager

+372 6508 303