EESTI ÜHISPANK

ANNOUNCEMENT



APPLICATION FOR DELISTING OF SHARES



On 11 September 2000, Skandinaviska Enskilda Banken AB (publ) made  an

offer to the shareholders of AS Eesti Ühispank in accordance with  the

Rules  for  Take-over  Bid  of  the  Tallinn  Stock Exchange and other

regulations effective  in Estonia  in regard  to acquiring  all shares

issued by Eesti Ühispank.  As a result of  the take-over bid, SEB  has

acquired 96 % of all the shares of Eesti Ühispank.



On the basis of aforesaid AS  Eesti Ühispank is going to submit  on 12

December 2000 to the Listing  Committee of the Tallinn Stock  Exchange

the  application  for  the  authorisation  to terminate the listing of

Eesti Ühispank's shares on the Tallinn Stock Exchange.



Due to  the fact  that according  to the  Rules of  the Helsinki Stock

Exchange and other regulations  effective in Finland the  Offer Period

in Finland lasts  until 29 December  2000, AS Eesti  Ühispank is going

to submit the Delisting application to the Helsinki Stock Exchange  at

the beginning of January 2001.

Upon  delisting  of  Eesti  Ühispank's  shares  on  the Helsinki Stock

Exchange the trading  with Eesti Ühispank's  shares on the  Frankfurt,

Munich and Berlin Stock Exchanges will be terminated automatically.



AS Eesti  Ühispank has  also decided  to submit  an application to the

Luxembourg  Stock   Exchange  for   delisting  of   Global  Depositary

Receipts issued in respect of the shares of Eesti Ühispank.



The  trading  with  the  shares  of   Eesti  Ühispank on all the above

stock exchanges  continues   until the   adoption of   the  respective

delisting resolutions. After the delisting, the shareholders of  Eesti

Ühispank  can  sell  the  shares  of  Eesti  Ühispank  off the market.

Skandinaviska  Enskilda  Banken   AB   (publ)   has   undertaken    to

purchase outstanding  shares of  Eesti Ühispank  at the  price of  EEK

38.00 during  a one-year  period after  the delisting  on the  Tallinn

Stock Exchange.



Management Board of Eesti Ühispank



Eero Raun

Head of PR Department

Eesti Uhispank

Tel. +372 6 655 256





Urmas Neetar

Head of Reporting Dept.

+372 6 656 390