EESTI ÜHISPANK

ANNOUNCEMENT



SEB HAS APPROVALS FOR TAKE-OVER BID



On 18.09.2000 Ühispank's majority owner SEB announced that the 

Swedish Financial Supervisory Authority approved SEB's public 

offering to buy all Ühispank's shares that are not owned by SEB 

Group. SEB had earlier received similar approval from the Central 

Bank of Estonia. Thus all the conditions set in the take-over bid 

are now fulfilled. The take-over bid is valid from 11th September 

until 20th October 2000.



Eero Raun

Head of Public Relations Dept.

Eesti Ühispank

Tel.: +372 66 55 256





Urmas Neetar

head of reporting department

+372 66 56 390