HÜVITUSFOND

ANNOUNCEMENT



INCREASED VOLUME OF ISSUE OF XVII-SERIES BONDS



The Supervisory Board of Hüvitusfond decided to increase the volume of the 

issue of XVII-series bonds from EEK 20,000,000 to EEK 48,531,200. Thus the 

bids of all investors will be satisfied.



XVII-series bonds will be issued on the following terms and conditions:

1. Number of bonds issued:	485,312

2. Face value:			EEK 100 

3. Fixed interest:		7% annual

4. Additional interest:		according to Supervisory Board decision

5. Interest payment:		20 November

6. Value date:			23 November 2000

7. Redemption:			20 November 2000





Interest payments from Hüvitusfond bonds to private persons are exempt from 

income tax. The bonds will be listed on the Tallinn Stock Exchange and are 

freely disposable on the secondary market. 



Bonds are fully backed with privatization revenues and other assets of the 

Fund. 



The public issue of Hüvitusfond XVII-series bonds is registered at the 

Securities Inspectorate on 24.10.2000 under registration code 24, and at the 

Estonian Central Depository for Securities.





Jaanus Kosemaa

PR manager

+372 66 51 800