HANSAPANK

ANNOUNCEMENT



CLOSING OF THE LIETUVOS TAUPOMASIS BANKAS (LTB) TRANSACTION



The closing of the purchase agreement of 90.73% of LTB’s shares,

signed by Hansabank and the Lithuanian State Property Fund on April

23, took place today, June 1, 2001.



The purchase price paid by Hansabank for the above-mentioned stake in

LTB is LTL 150 million (EUR 42 million). Additionally, Hansabank will

invest in the bank LTL 150 million.

Hansabank will make an offer to the minority shareholders on equal

terms with the Lithuanian government (price of one share LTL 9.88).



The extraordinary shareholders meeting will convene on June 5 to elect

the new council of LTB. After the shareholders meeting the council

will appoint the new board of LTB.





Mart Tõevere

Head of investor relations

+372 6131 569