Tallinna Sadam                NEWS RELEASE                      05/15/2003



COAL TERMINAL IN MUUGA HARBOUR



The following companies submitted tenders to the open tender of the

state procurement of Muuga Harbour coal terminal using design

constrcution contracting:

PER AARSLEFF A/S

SKANSKA EMV AS

BOSKALIS BV

AS FKSM

AS MERKO EHITUS

The tender of AS MERKO EHITUS with the cost of EEK 726, 500, 000 was

declared successful (VAT of 18% shall be added).





Erik Sakkov

Marketing Director

6318067