EESTI TELEKOM

ANNOUNCEMENT



RESOLUTIONS OF THE ANNUAL GENERAL MEETING



On the 25th of May, Annual General Meeting of Estonian Telecom Ltd 

approved the 1999 results and allocation of the profit suggested 

by Management Board. According to the decision, EEK 4 will be 

paid out to the shareholders of A-series shares.

The list of shareholders, on the basis of which dividends shall 

be distributed, shall be determined on 9 June 2000 at 8 o'clock a.m. 

The dividends will be paid out on the 12th of July, 2000.



Annual Meeting decided to recall the members of the supervisory board 

and elected a new ten-member supervisory board for Estonian Telecom. 

New members are:



Brian Epp, Veiko Tali, Aare Tark, Andrus Villem, Henrik Fabricius, 

Lauri Tapani Holopainen, Jaak Leimann, Mart Nurk, Madis Üürike, 

Mikko Pirinen.





Raul Kalev

PR-manager

+372 6460 220