HANSAPANK

ANNOUNCEMENT



CHANGES IN TOP MANAGEMENT



From April 1, 2001 Hansabank’s member of the board and managing

director of Hansabank Markets, Gerd Müller, will move to a company

managing the new private equity fund set to be launched this year in

co-operation between Hansabank Group and its international partners.

Erkki Raasuke, Hansabank Group’s current chief financial officer will

assume his position as the managing director of Hansabank Markets. The

Council also confirmed the nomination of Erkki Raasuke as the vice-

chairman of the board.



Gerd Müller (29) presented to the regular council meeting held on

February 22 his request to resign as a member of the board of

Hansabank and the head of Hansabank Markets as of April 1, 2001, which

was accepted by the council.

Gerd Müller started his career in Hansabank Group in 1992 as a manager

of the bank’s currency exchange unit. He has also worked as the head

of the branch network and retail bank. Prior to his assignment as the

head of Hansabank Markets, Gerd Müller was the director of Hansabank’s

corporate banking division.



The new head of Hansabank Markets, Erkki Raasuke (29) started his

career in the same business unit as head of interest rate products

department during 1994-1998. Starting from 1998 Erkki Raasuke has been

a member of the board of Hansabank and the group’s chief financial

officer.

Negotiations for finding a new CFO for Hansabank Group have already

been started and Hansabank will reveal the identity of the new CFO in

the beginning of April.





Mart Tõevere

Head of Investor Relations

+372 6131 569