08.08.2001, Trigon Property Development, TLN

VIISNURK

ANNOUNCEMENT



SHARE ISSUE



On 04.07.2001 the Supervisory Board of AS Viisnurk decided in

accordance with the Articles of Association, to increase the 

share capital by 850,000 shares through additional monetary 

payments. The shares will be issued at price of EEK 44.00 

(EEK 34.00 above par per share, nominal value of EEK 10.00).



If the share issue is fully subscribed, the number of AS Viisnurk's

shares will total 5,349,061 shares, and share capital will amount to 

EEK 53,490,610. Shares to be issued amount to 15.89% of share

capital after share issue.



Share capital amount will be increased to receive additional funding

for expansion of the company's activities, and for possible take-overs

in wood processing sector.



The subscription period will be from August 21 to September 10, 2001. 

Current shareholders of AS Viisnurk have the pre-emptive right for 

subscription of new shares. The pre-emptive subscription right

is divided proportionally by shares currently outstanding. The list of 

shareholders entitled to obtain the pre-emptive subscription right will 

be fixed on August 16, 2001, at 08:00 a.m. The pre-emptive subscription 

rights are securities freely tradable on the Tallinn Stock Exchange. 

The pre-emptive subscription rights can be traded from the beginning 

of the subscription period until September 5, 2001. The list of 

shareholders entitled to exercise the pre-emptive right to subscribe 

for new shares will be fixed on September 11, 2001, at 08:00 a.m.



Further details can be obtained from the Issue Prospectus, available 

after the registration of the issue by the Securities Inspectorate.

The registration of the issue will presumably take place within a week.

The Issue Prospectus will be available next week at AS Viisnurk offices

(Suur-Jõe St. 48, Pärnu); at AS Trigon Capital offices (Pärnu Rd. 15, 

Tallinn), and on Tallinn Stock Exchange Internet homepage (www.tse.ee).



The share issue is organized by AS Trigon Capital.



Additional information:



Meelis Kukk

CEO

AS Viisnurk

Tel. +372 447 8323, +372 501 6406



Kristel Kivinurm

Manager

Trigon Securities

Tel. +372 667 9208

E-mail: k.kivinurm@trigon.ee





Andrus Aljas

CFO

+372 44 78355