LEKS KINDLUSTUSE AS

ANNOUNCEMENT

 

BALTI KINDLUSTUSE AS OFFER TO MINORITY SHAREHOLDERS OF LEKS 

KINDLUSTUSE AS

 

Balti Kindlustuse AS (hereafter: BICO) has, via AS Eesti Ühispank, 

made to the shareholders of Leks Kindlustuse AS the purchase 

offering for Leks Kindlustus shares and the offering to Leks 

Kindlustus shareholders and other warrant holders for the sale of 

Leks Kindlustuse AS warrants to BICO on following conditions:

 

The offering is valid from the announcement on January 10, 2000, 

until February 7, 2000, (including).

 

BICO will purchase the Leks Kindlustuse AS shares at 18 EEK per 

share.

 

The purchase offering has been made to all minority shareholders, 

i.e. to persons who own less than 5% of shares in Leks Kindlustus.

 

BICO will purchase the Leks Kindlustus warrants from the warrant 

owners at 2 EEK per warrant.

 

The purchase offer has been made to all warrant owners of Leks 

Kindlustus.

 

The value date of for the transactions between BICO and the 

individuals who accepted the offer, is February 10, 2000.

 

 

Pille Eikner

Head of Public Relations

+372 66 58 200