VIISNURK

ANNOUNCEMENT



CO-OPERATION AGREEMENT



On 23.08.2000 AS Viisnurk and Vattenfall Estonia OÜ signed an agreement, 

whereby Vattenfall will build a boiler-house and heat pipe to Pärnu (address: 

Niidu St 9/11), with an aim to unite the aforementioned territory with other 

Viisnurk-owned premises. AS Viisnurk lumber center and soon-to-be-completed 

glued solid wood panels production factory are currently located on this 

territory.



Works to be completed under the aforementioned agreement mark the first steps 

to end the production of heat energy in Viisnurk and full transfer to bought-

in heat energy. The parent company may then focus on development of its main 

activity field, i.e. processing of lumber. Co-operation with Vattenfall will 

secure modern and secure solutions to all heat energy related issues. The new 

boiler-house is scheduled to be completed by 24.11.2000, and heat pipes by 

15.06.2001.



In July 1999 Vattenfall Estonia bought from Viisnurk a majority holding in 

Pärnu's second largest central heating provider Ülejõe Soojusvõrk. The two 

companies then made a long-term agreement for buying heat energy. The current 

agreement will set the final basis for long-term co-operation between Viisnurk 

and Vattenfall.



Vattenfall Estonia OÜ is a subsidiary of European sixth largest electricity 

producer Vattenfall AB. In 1999 the turnover of Vattenfall stood at SEK 

27.754 million and net profit at SEK 2.538 million.





Additional information: Meelis Kukk (CEO, Viisnurk), +372 44 78323





Andrus Aljas

CFO

+372 44 78 355