MERKO EHITUS

ANNOUNCEMENT



ANNUAL GENERAL MEETING OF SHAREHOLDERS



The Board of AS Merko Ehitus announces that the annual general meeting 

of shareholders of AS Merko Ehitus, located at Tule St, Saue, 76501, 

takes place on the 10th of April 2001 at 15:00 PM in the "Apella A" 

meeting room of the hotel Central at 7c Narva St, Tallinn. 



Agenda of the meeting:



1. Approval of the 2000 Annual Report;

2. Deciding the profit distribution; 

3. Appointment of auditor for financial year of 2001;

4. Amendments to the Articles of Association.



The suffrage of the shareholder at the general meeting will be determined

on the basis of the minutes book as of 10.04.2001 at 8:00 AM.

The registration of the participants of the meeting will start on the 10th

of April at 14:30 PM.



Upon registration the legitimate representatives of the corporate shareholders

are asked to submit the documents which would approve their right to 

representation.  For the board members of a corporate body it is a copy of the

registration card of the company, for the authorized representatives it is the

authorization from the board or its substitute and a copy of the registration 

card of the company. The document for personal identification will be required.

The individual shareholders will be asked to submit the document for personal 

identification, a representative will be asked to submit also the 

authorization. 



The Annual Report 2000 will be available for viewing from the 15th of March 

at Internet homepages of Tallinn Stock Exchange (www.tse.ee) and Merko Ehitus

(www.merko.ee), and on every workday from 8:00 AM to 5:00 PM at the office 

of AS Merko Ehitus, 21 Tule St, Saue.



For any further questions concerning the general meeting, please 

contact us by telephone +372 6 105 105.





Ülo Metsaots

Management Board member

+372 6 105 110