Estiko                        NEWS RELEASE                      06/08/2004



ANNUAL GENERAL MEETING OF SHAREHOLDERS



Annual  general meeting of AS Estiko shareholders will be held on 28.06.2004 

at Emajõe Business Centre (Soola St. 8, Tartu), beginning at 10:00 a.m.



Agenda of the meeting:

1. Approval of the 2003 Consolidated Annual Report.

2. Deciding the profit allocation.

3. Appointment of auditor for financial year of 2004.

4. Approval of dividends on preferred shares in year 2004.





The suffrage of the shareholder at the general meeting will be determined on 

the  basis  of  the  shareholders'  list  as of 28.06.2004 at 08:00 a.m. The 

registration of the participants of the meeting will start on the 28 of June 

at 09:00 a.m.



Upon   registration   the   legitimate   representatives  of  the  corporate 

shareholders  are  asked  to submit the documents, which would approve their 

right to representation.  For  the board members of a corporate body it is a 

copy   of  the  registration   card  of  the  company,  for  the  authorized 

representatives it is the authorization from the board or its substitute and 

a copy of  the  registration  card of the company. The document for personal 

identification  will be required.  The individual shareholders will be asked 

to submit the document for personal identification, a representative will be 

asked to submit also the authorization. 



The Annual Report 2003 will be available for viewing at Internet homepage of 

Tallinn  Stock  Exchange (www.hex.ee) and on every workday from 9:00 a.m. to 

3:00 p.m. at the office of AS Estiko, 16 Tehase St, Tartu.  For any  further 

questions  concerning  the  general  meeting, please contact us by telephone 

+372 7 308 300.





Ellen Tohvri

Member of the Board

+372 7 308 300