Baltic Investment Group Bank          ANNOUNCEMENT                   10/11.11.2005



BIG's new business name is Baltic Investment Group Bank AS



As a result of  obtaining  authorisation  as  a  credit  institution,  the  Baltic

Investment Group's business name is changing to Baltic Investment Group  Bank  AS,

with the company continuing to use its 'BIG' trademark.



A credit institution is obliged to use  the  word  'bank'  in  its  business  name

according to credit institution legislation.



"Becoming a credit institution means broader  possibilities  for  the  company  to

find financial sources for its activities," said BIG chairman Targo Raus. "But  in

customers' eyes we'll still be BIG - there won't be any major changes."



BIG does not plan to start  competing  on  the  universal  bank  market  and  will

continue instead to concentrate on services, in which it  has  gained  significant

experience and market share in its 10 years of operation, said Raus.



AS Balti Investeeringute Grupp is the  largest  specialised  lender  of  money  to

private clients in the Baltic States after banks and leasing companies.  Its  loan

portfolio exceeds 300 million EEK and it has more than 8000  clients  in  Estonia.

At the end of August the company's assets totalled 354 million EEK.  Its  goal  is

to provide both private and business clients with  fast,  attentive  and  flexible

financial services. The company currently has 11 branches throughout  Estonia  and

more than 80 employees.





Further information:



Targo Raus

Chairman of the Board

targo.raus@big.ee

630 9938