Tallinna Börs                 NEWS RELEASE                      06/14/2002



APPROVAL OF RESULTS OF TAKEOVER BID OF ESTIKO



On 14.06.2002 Tallinn Stock Exchange Takeover Committee decided to approve 

the results of mandatory takeover bid made by AS Rondam to shareholders of 

AS Estiko. 



The takeover bid to AS Estiko was valid from May 07 to June 07, 2002. 

The price of the takeover bid was EEK 8.50 per share.





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