BALTIKA

ANNOUNCEMENT



CHANGES IN THE MANAGEMENT BOARD



On 14.09.2000 AS Baltika Supervisory Board appointed two new members 

to the Management Board: Maire Milder and Boris Loifenfeld.



Maire Milder:

As of 01.04.2000 AS Baltika, director marketing and retail sales;

As of Dec 1999 AS Baltman, head of Management Board;

1999 - AS Baltman, CEO;

As of 1997 AS Briti Kaubamaja, CEO and head of Management Board.

Maire Milder owns 15,000 shares in Baltika.



Boris Loifenfeld:

As of 14.09.2000 AS Baltika, director of sales and exports; 

1998 - sept.2000  AS Baltika, director of exports;

1994 - 1998 AS Baltika, head of Baltic markets;

Boris Loifenfeld owns 3,360 shares in Baltika.





Ülle Järv

Management Board member

+372 63 02 741