Hansapank                     NEWS RELEASE                      05/21/2004



HANSABANK SOLD RÄVALA 5 REAL ESTATE



On 20 May 2004, Hansabank's subsidiary company OÜ Rävala

Ärikeskus concluded a sale-purchase agreement for the transfer of

a real estate at Rävala 5/Kuke, Tallinn to a subsidiary company

of Baltic Property Trust Secura AS (BPTS). The real estate was

sold by means of a closed tender.



Hansabank decided to sell the above real estate and the office

building situated on the real estate as a non-strategic

investment - the bank was utilising only a fraction of the

building and real estate management, as such, is not part of the

bank's core business. Hansabank shall continue to maintain a

branch office at Rävala 5/Kuke 4 on the basis of a long-term

rental contract.



The transaction is not a transaction with related parties within

the meaning of the regulations of the Tallinn Stock Exchange.

Also, since the transaction does not have a material financial

impact on the Group operations the parties have decided not to

disclose the price or other conditions of the agreement.





Mart Tõevere

Head of Communications and IR

+372 6131 569