SAKU ÕLLETEHASE AS                 NEWS RELEASE                        Apr 7, 2005



DECISIONS OF THE ANNUAL GENERAL MEETING OF SHAREHOLDERS OF SAKU ÕLLETEHASE

AKTSIASELTS



The annual general meeting of the  shareholders  of  Saku  Õlletehase  Aktsiaselts

took place on 7 April 2005 from 12.00 to 13.30 in the administration  building  of

Saku Õlletehase Aktsiaselts in Saku.

The attendees presented 75,1  percent  of  the  company`s  voting  stock  and  the

general meeting was qualified to adopt decisions.



Decisions of the general meeting:



1.  Approval of the annual report

Shareholders decided to approve the annual report for 2004.



2. Allocation of profits

2.1. Shareholders decided to approve the profit allocation proposal  presented  by

the management board: declare a net dividend  (the  share  of  profit  payable  to

shareholders) of EEK 56,000,000 (E3,579,043), i.e. EEK 7 (E0.45) per share.



2.2.  Shareholders  decided  to  approve  the  following   dividend   distribution

procedure:

in accordance with the rules of Tallinn Stock Exchange, shareholders who  will  be

entitled to a dividend for 2004 will be determined on the basis  of  the  list  of

shareholders at the Estonian Central Depository for Securities at 8  a.m.  on  the

15th stock exchange day from the  day  of  the  general  meeting,  April  28,2005.

Dividends will be paid out on 16 May 2005 at the latest.



3. Election and recall of members of supervisory board

3.1. Shareholders decided to recall before term members of supervisory board  Jaak

Leimann, Saulius Endriuska and Mauri Jouni Petteri Pelkonen.



3.2. Shareholders decided to elect three new members to the  supervisory  board  -

Cardo Remmel, Janno Veskimäe and Pjotr Sanetra  for  three  (3)  years  until  the

annual general meeting held in 2008. Elected new board members  don`t  own  shares

of Saku Brewery.

A new members last 3 years working experience is following:



Cardo Remmel

1995 - 2004 as a Chairman of Executive Board in Saku Õlletehase AS



Janno Veskimäe

Since 2004 July as a Business Controller in BBH Baltics

2002 July - 2004 July BBH Ukraine Business Analyst

2001 June - 2002 July BBH Baltics Business Analysts



Pjotr Sanetra

Since 2005 Feb BBH Baltics Business Vice President in sale

2004 Apr - 2005 Feb BBH Baltics Market development Vice President

2002 Jan -  2004 Jan Pepsi Americas, Poland. Market Development Director,  members

of the PAS Poland Executive Boar



4. Remuneration of members  of  supervisory  board  (amount  of  remuneration  and

procedure of payment)



Shareholders decided to pay members of the supervisory board  for  performance  of

their duties in the 2005 financial year similarly  to  the  2004  financial  year,

i.e. EEK 100,000 (one hundred  thousand)  in  aggregate.  Remuneration  terms  and

conditions will be determined at a meeting of the supervisory board.



5. Appointment of auditors until  the  next  annual  general  meeting  (number  of

auditors, their appointment and procedure of remuneration)



5.1. Shareholders decided to appoint one (1) auditors for one (1) year (until  the

next annual general meeting) and to nominate Andris Jegers for the positions.



5.2. Shareholders decided to remunerate the auditor for performance of  the  audit

of 2005 in accordance with the audit engagement letter  which  will  be  concluded

with AS KPMG Estonia.



6. Amendment of the articles of association

Shareholders decided to add into stated agenda a clause  about  amendment  of  the

Articles of Associations.

Shareholders decided to change the Arcticles of the Association in a way, that

the management board of Saku Õlletehase AS can have 1 (one) to ten (10) members.





Kristina Seimann

Communication Manager

+372 6 508 303