AS ESS

ANNOUNCEMENT

30.11.98

 

ALIENATION OF SHARES

 

Due to the changes in the shareholders' circle of AS ESS and the inclusion of

a strategic investor, the Supervisory Board of AS ESS decided to change the 

structure of a company, concentrating only on the security-related services and 

the development of the areas connected directly with it.

 

Due to that, the Management Board of AS ESS alienated on November 27, 1998, the 

following shareholdings of AS ESS: 

 

Company				Number of shares/		 Sales price (EEK)

                                percentage of total shares		

			

OÜ ESS Investeering		1 unit / 100 %				 10 000 

AS ESS Pääste			100 shares / 100 %			100 000 

ESS Kinnisvarahoolduse AS	120 shares / 40 %			 47 200 

ESS Puhastustööde AS		290 shares / 72,5 %			 89 600

OÜ Autokeskus Rootor		1 unit / 100 %				 40 000

Ascar Marketing Inc		5000 shares / 100 %			634 000

UAB Tevija			18 000 shares / 90 %		     10 977 750	

 

 

Toatl sales of the given companies during 9 months of 1998 were 9.9 million EEK,

or 4.9% of the AS ESS consolidated sales. The economic activities had no significant 

impact on the profit of AS ESS.

 

 

Indrek Lindsalu

PR Manager

+372 6 266 700