EESTI ÜHISPANK

ANNOUNCEMENT



PROPOSALS TO THE GENERAL MEETING OF SHAREHOLDERS



Proposals put forth at the  Annual General Meeting of Shareholders  of

AS EESTI ÜHISPANK on 7 April 2000.



Item 1 on the agenda: Approval of the 1999 Annual Report

Proposal:

Approve the  Annual Report  of 1999  of AS  Eesti Ühispank. Retain the

earnings   in  the  amount  of  EEK  129'208'703   (one  hundred   and

twenty-nine million two hundred  and eight thousand seven  hundred and

three) to cover the loss incurred during earlier periods.



The   Annual   Report   of   1999   is   available   via  Internet  at

<a href='http://www.eyp.ee/eng/aruanne/' target='_blank'>http://www.eyp.ee/eng/aruanne/</a>



Item 2 on the agenda: Appointment of the auditor

Proposal:

Appoint Urmas  Kaarlep of  PricewaterhouseCoopers to  serve as auditor

in the 2000 financial year.



Item 3 on the agenda: Election of Supervisory Board members

Pursuant to the effective Articles  of Association the authority of  a

Supervisory Board member is relinquished at an annual general  meeting

of shareholders.

Proposal:

To elect  eight (8)  persons as  members of  the Supervisory Board for

the new  period in  office. To  elect Andres  Lipstok, Koit  Uus, Mart

Avarmaa,  Aadu  Luukas,  Tord  Martin  Olofsson,  Mats Kjaer, Per-Arne

Magnus Carlsson and Petteri Karttunen.



Item 4 on the agenda: Remuneration of Supervisory Board members

Proposal:

Pay Supervisory Board members, except the representatives of S E B,  a

fee in the amount of EEK 8000 per month.



Management Board of Eesti Ühispank





Urmas Neetar

head of reporting dept.

6 656 390