EESTI ÜHISPANK

ANNOUNCEMENT



COMMENT TO ARTICLE IN ÄRIPÄEV 8.12.99



Commenting article in Äripäev "Roosipuu uses substitutes"

Ühispank states it has reached an agreement with Mr. Jaak

Roosipuu on the terms of fulfillment of obligations of

Talinvest amounting to EEK 70M. Mr. Roosipuu has presented

the bank an acceptable collateral.



Andres Aarma

Vice-head of PR dept.

Tel: 66 55 243





Urmas Neetar

head of reporting department

6 656 390