Viisnurk                      NEWS RELEASE                      06/03/2003



RESOLUTIONS OF ANNUAL GENERAL MEETING



The annual general meeting of the shareholders of Viisnurk AS was held at

11 o’clock on 31 May 2003 at the Strand Hotel in Pärnu, Estonia.

13 shareholders/representatives with 2,765,439 votes attended the meeting,

representing 61.47% of the total number of votes.



The agenda of the meeting and resolutions:



- Approval of the Annual Report for 2002

It was resolved to approve the Annual Report of Viisnurk AS for 2002,

which exposes the loss of 19,631,828 kroons and balance sheet value of

344,893,449 kroons at 31.12.2002 as a financial result of the year 2002.



- Distribution of profit

It was decided that the profits be retained.



- Removal of members of the Supervisory Board

It was resolved to remove the existing members of the Supervisory Board

Toomas Reisenbuk, Joakim Helenius and Indrek Koolmeister.



- Election of members of the Supervisory Board

It was resolved to elect Joakim Helenius, Claire Chabrier and Ülo Adamson

the members of the Supervisory Board.





The information about the new members of the Supervisory Board:



Claire Chabrier is a principal of SG Asset Management (Paris).

The review of the career:

  2002-     SG Asset Management (Paris), Principal

  1997-2001 Andersen (Paris), Experienced Senior

Claire Chabrier does not hold any shares of Viisnurk AS.



Ülo Adamson is a Senior Associate of Trigon Capital.

The review of the career:

  1999-     Trigon Capital

Ülo Adamson is a member of the Management Boards of ERGO-Trigon Fund

Company and Trigon Capital Sp. Z o.o and a member of the Supervisory

Boards of Telema and Trigon Securities. Ülo Adamson does not hold any

shares of Viisnurk AS.





Andrus Aljas

CFO

044 78355