Balti Investeeringute Grupp       STOCK EXCHANGE RELEASE              15 July 2005



REDEMPTION OF SECURITIES



The public limited  company  AS  Balti  Investeeringute  Grupp  shall  redeem  its

securities quoted on the Tallinn Stock Exchange (EE3300073030) on  29  July  2005.

The issuer shall pay the sum of the redemption price of the  securities  belonging

to the investor as the redemption payment. The redemption price of a  security  is

its nominal value, 10,000 kroons.



The redemption payments shall be made  at  8:00  on  the  date  of  redemption  to

persons who are owners of the  securities  pursuant  to  the  information  of  the

Estonian Central Register of Securities.



All the payments made by the issuer in relation to securities  shall  be  made  in

Estonian kroons by bank transfer to the entitled persons' bank account related  to

the securities account  in  the  account  administrator's  bank  of  the  Estonian

Central Register of Securities.



Income received from the securities shall be subject  to  taxation  in  accordance

with the legislation of the Republic of  Estonia  or  the  investor's  country  of

residence.





Eero Varkki

Financial Manager

+372 737 7599