SAKU ÕLLETEHASE AS           NEWS RELEASE          Feb 28, 2005



PROFIT ALLOCATION PROPOSAL



The management board of Saku Õlletehase AS proposes that the company:



declare a net dividend (the share  of  profit  payable  to  shareholders)  of  EEK

56,000,000 (E3,579,043), i.e. EEK 7 (E0.45) per share. According to the  rules  of

Tallinn Stock Exchange, the shareholders who are entitled to the dividend will  be

identified on the basis of the  list  of  shareholders  at  the  Estonian  Central

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

of the general meeting, April 28, 2005. Dividends will be paid out on 16 May  2005

at the latest.

 -  increase  retained  earnings  by  net  profit  for  2004  of  EEK   50,038,000

   (E3,198,000); and

 - distribute the dividend of EEK 56,000,000 (E3,579,043) from retained earnings.





Kristina Seimann

Communication Manager

+372 6 508 303