AS EESTI FOREKSPANK

ANNOUNCEMENT

17.11.98

 

CORRECTION IN THE COMMENTARY TO OCTOBER'S FINANCIAL RESULTS

 

At the fault of the issuer, there was an error in the commentary to 

the AS Eesti Forekspank October's financial results, 

which were disclosed yesterday, 16.11.1998, via the information systems

of Tallinn Stock Exchange. In the last sentence of the commentary, 

there was a mistake in the month.

 

The last sentence in the commentary to the financial results disclosed 

yesterday was the following:

"At the end of September, Eesti Forekspank's capital adequacy was 10,24% and the

risk concentration 120,83%.". It should be: "At the end of October, Eesti 

Forekspank's capital adequacy was 10,24% and the risk concentration 120,83%."

 

We apologize for the error.

 

 

Ranno Pajuri

Director of Market Communications

Eesti Forekspank

Tel.+372 6302 105