HANSAPANK

ANNOUNCEMENT



TARGETED DIVIDEND PAYMENT



Based on the preliminary income statement of AS Hansapank in respect

of the financial year 1999 the board has decided to make a proposal to

pay dividend in the amount of EEK 5 (five Estonian kroons) per one

share as part of the profit distribution proposal.



The final profit distribution proposal will be made after the release

of the audited results.





Mart Tõevere

Analyst

+372 6131 569