Tallinn Stock Exchange           NEWS RELEASE                    09.06.2005



DELISTING OF HANSAPANK SHARES



On June 1, 2005, AS Hansapank submitted to the TSE Listing and Surveillance 

Committee ("the Committee") the application for delisting the shares of AS 

Hansapank from the Tallinn Stock Exchange.



On June 9, 2005, the Committee decided to satisfy the application of AS 

Hansapank and to delist the shares from the TSE Main List as from July 1, 

2005. Thus the last trading day with the shares of AS Hansapank in the TSE 

trading system will be Thursday, June 30, 2005.





The Council of AS Hansapank decided on May 24, 2005, to terminate the 

listing of AS Hansapank shares on Tallinn Stock Exchange and to assign the 

Board to submit the delisting application after the extraordinary general 

meeting.



On May 30, 2005, the extraordinary general meeting of AS Hansapank 

shareholders decided to approve the takeover of the 1% of the shares of AS 

Hansapank from the minority shareholders by FöreningsSparbanken AB against 

fair monetary compensation in the amount of EEK 211.23 (EUR 13.50) per 

share.



As of June 7, 2005, FöreningsSparbanken AB owned 99,16% of the shares of 

AS Hansapank. The 408 minority shareholders owned 0.84% of the shares of 

AS Hansapank. The closing price of the shares was EEK 211.23 (EUR 13.5).



The Committee found that considering (a) the structure of AS Hansapank 

shareholders, (b) the fact that FöreningsSparbanken AB has made voluntary 

takeover bid for acquiring all the shares of AS Hansapank, (c) the general 

meeting of AS Hansapank approved the takeover of the minority shares 

against fair monetary compensation, the delisting would not materially 

damage the interests of the investors and would not give some of the 

shareholders an unfair advantage before or on account of the other 

shareholders.





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