OPTIVA PANK

ANNOUNCEMENT



NOTICE ON CONVENING THE ANNUAL GENERAL MEETING



This notice is given to convene the Annual General Meeting of the Shareholders

of AS Optiva Pank.



The  Annual General Meeting of the Shareholders of AS Optiva Pank will be held

in  the  assembly  hall  Forum of hotel Central  on  26  May  2000  at  14.00.

Registration will start at 13.00.



The agenda of the General Meeting includes the following items:



1.   Approval of the annual report

2.   Distribution of profit

3.   Election of the auditor



The  Annual  Report  and  Auditor's Report are available  at  AS  Optiva  Pank

headquarters, located at Narva mnt.11, Tallinn, and on Optiva Pank's  homepage

<a href='http://www.optiva.ee' target='_blank'>http://www.optiva.ee</a> from 8 May 2000.



Private  shareholders  are  required to submit a document  of  identification.

Management board members or procurators of corporate shareholders are required

to  submit  a  document of identification and documentary  evidence  of  legal

authorisation  (excerpt  from  the register  of  companies  or  other  similar

document).  Representatives of private shareholders are required to  submit  a

document  of identification and a letter of authority. Persons representing  a

corporate  shareholder by proxy are inclusively required to submit documentary

evidence  of  legal representation (excerpt from the register of companies  or

other similar document).





The Management Board of AS Optiva Pank





Ruth Laidvee

Marketing Director

+372 6 302 105