13.08.2001, Trigon Property Development, TLN

VIISNURK

ANNOUNCEMENT



ADDITIONAL INFORMATION REGARDING THE NEW SHARE ISSUE



AS Viisnurk will arrange a public share issue from 21 August 2001 until 

10 September 2001 (the subscription period) to acquire new capital to finance 

the expansion of its operations and potential takeovers in wood processing 

sector. Viisnurk will issue 850 000 common shares at EEK 44.00 per share. 

The share issue was registered in the Securities Inspectorate on 10 August 2001.



The shares of Viisnurk may be subscribed by existing and new shareholders. 

The existing shareholders of Viisnurk have pre-emptive rights to subscribe 

for the shares. The list of shareholders entitled to receive the pre-emptive 

rights will be fixed on 16 August 2001 at 08.00 a.m. Each of the existing 

shareholders shall be granted a proportional share of the public share issue 

(0.1889 or 850 000/4 499 061 shares per each existing share). From 21 August 

2001 to 5 September 2001 the subscription rights  are freely traded on 

Tallinn Stock Exchange. In order to subscribe for new shares an investor 

does not have to be a current shareholder of Viisnurk and does not have 

to purchase the subscription rights. 



The subscription for the shares and the monetary payment for the shares are 

made simultaneously. A precondition for the subscription is that the subscriber 

has a securities account in the Estonian Central Depository for Securities 

(EVK). The subscription period will last from 21 August 2001 to 10 September 

2001. The end of the subscription period is 10 September 2001 at 17.00 p.m. 

The shares can be subscribed through the members of Estonian Central Depository 

for Securities (EVK) as listed below:



Hansapank		-		Liivalaia 8, Tallinn

Eesti Ühispank		-		Tornimäe 2, Tallinn

Sampo Pank		- 		Narva mnt 11, Tallinn

Krediidipank		-		Narva mnt 4, Tallinn

Tallinna Äripank	-		Estonia pst 3/5, Tallinn

Preatoni Pank		-		Roosikrantsi 2, Tallinn

Lõhmus Haavel Viisemann - 		Roosikrantsi 2, Tallinn



For subscription, fulfilment of the following documents is necessary: 



1) Subscription application that contains the subscribers name, his/her account 

number in the Estonian Central Depository for Securities (EVK), the number of 

shares to be subscribed and a reference to the payment document/receipt;

 

2) Order of payment, which is filled in for a special transfer to the account 

of Estonian Central Depository for Securities (EVK), in the Bank of Estonia as 

follows:



- 301 000 34496 is the EVK account number in the Bank of Estonia;

- In the field named "Recipient bank" (Saaja pank), there should be written: 

"EVK";

- In the field named "Reference" (Viitenumber), there should be written the 

number of investor's securities account in Estonian Central Depository for 

Securities;

- In the field named "Clarification" (Selgitus), there should be written 

subscription for Viisnurk's shares. 



PS!  The fulfilment of the reference number (Viitenumber) on the payment order 

is obligatory. Should the payment order not contain the reference number or 

should the reference number be written in the field "Clarification" (Selgitus), 

the subscription payments will be returned. 



Other details of the public share issue are written in in the Offering Circular,

which may be retrieved from:



AS Trigon Capital 

Pärnu mnt 15, Tallinn

Telephone: +372 6679200

Internet: <a href='http://www.trigoncapital.com' target='_blank'>http://www.trigoncapital.com</a>



AS Viisnurk

Suur-Jõe 48, Pärnu

Telephone: +372 44 78323



The Offering Circular can be ordered also as a paperback copy and electronic 

file (*.pdf) by telephone +372 6679208 or by e-mail: 

k.kivinurm@trigoncapital.com. 



Viisnurk's management will give a presentation of its share issue on Tuesday, 

14.08.2001, at 15.00 in the Scandic Hotel Palace, Tallinn (6th floor conference 

facilities). All market participants, analysts as well as current and future 

shareholders of Viisnurk are welcome to the presentation. 



Further information from



Kristel Kivinurm

Director

Trigon Markets

Telephone +372 6679208

E-mail: k.kivinurm@trigoncapital.com



Meelis Kukk

Managing Director

AS Viisnurk

Telephone +372 44 78323 or +372 50 16406





Andrus Aljas

CFO

+372 44 78355