PRO KAPITAL

ANNOUNCEMENT



SALES REPORT, SEPTEMBER 2000



The current report provides an overview of Pro Kapital real estate 

sales in September 2000.



In Estonia Pro Kapital has developed and sells premises in Ilmarise 

dwelling quarter, Vene St.19 and Narva St.13a in Tallinn. In 

September the company sold in Estonia 500 m2 of different premises 

for total of EEK 7,760,575.



In Latvia Pro Kapital has developed and sells premises in 

condominium/office building located in the center of Riga (address 

Stabu 19). In September the company sold in Latvia 21 m2 of premises 

for total of USD 35,875, or EEK 638,575 (1 USD = 17.8 EEK).



Currently Pro Kapital does not have real estate objects for sale in 

Lithuania.



Pro Kapital's total real estate sales in the Baltic countries in 

September 2000 amounted to EEK 8,399,150.





Additional information:



Andrus Laurits

Pro Kapital Eesti, CEO 

Tel. +372 614 4920



Alessandro Gelli

Pro Kapital Latvia, CEO

Tel. +371 732 3128





Ilona Saari

Management Board member

+372 614 4924