HANSAPANK

ANNOUNCEMENT



SHARE CAPITAL INCREASE



Pursuant resolutions of the Annual General Meeting of Shareholders

held on 14 April 2000 and with reference to the Employee Option

Programme the Board of Hansabank has decided to make the following

proposal to the Council of the bank:



To increase the share capital by EEK 2,670,000 through the issuance of

267,000 new registered common shares with the par value of EEK 10. The

issue of the new shares would be directed to the employees and

managers of AS Hansapank and its subsidiaries participating in the

programme according to the resolution of the Annual General Meeting of

Shareholders held on 14 April 2000. The issue price of a share would

be EEK 49.92.



The pre-emptive right of shareholders to subscribe for new shares has

been waived by the resolution of the Annual General Meeting of

Shareholders held on 14 April 2000.



The subscription period would be from 1 February through 15 February

2001.





Mart Tõevere

Head of Investor Relations

+372 6131 569