Hansapank                     NEWS RELEASE                      10/09/2003



PURCHASE OF A LIFE INSURANCE COMPANY



Hansabank’s Lithuanian subsidiary AB Bankas Hansabankas has today

signed a purchase agreement for acquiring 100% of the life insurance

subsidiary of UAB Lietuvos Draudimas - UAB Lietuvos Draudimo Gyvybes

Draudimas (LDGD). Hansabankas is paying LTL 63.5 million (EUR 18.4m)

for the company.



LDGD holds 42% of the Lithuanian life insurance market. Collected

premiums in the first half of 2003 amounted to LTL 42.2 million (EUR

12.2m).





Mart Tõevere

Head of investor relations

+372 6131 569