Hansapank                     NEWS RELEASE                05/03/2004 16:15



CHANGES IN HANSABANK'S ESTONIAN MANAGEMENT



Andres Liinat, head of Hansabank’s retail banking division in Estonia

today submitted his letter of resignation. The new head of retail

banking operations will be Priit Põldoja, the current head of

investment management in Hansabank Group.



Erkki Raasuke, vice-chairman of the Board and head of Estonian

operations: "Retail banking in Estonian has undergone fundamental

changes during the past few years. The competitive situation is new,

as are the offers on the market and our clients’ expectations.

Hansabank has sometimes been too slow in reacting to these changes."



We want to change our current position and offer our clients solutions

that would result in mutual loyalty between the customer and the bank.

We have all the necessary resources to achieve this, said Raasuke.



Priit Põldoja has been working in Hansabank Group since 1998, when he

started as the CFO of Hansabank Markets. Since 2000 he has been

responsible for investment management operations of the Group in the

Baltic countries.





Mart Tõevere

Head of Communications and IR

+372 6131 569