HÜVITUSFOND

ANNOUNCEMENT



INTEREST RATES FOR III- AND XV-SERIES BONDS



Interest paid to the holders of Hüvitusfond III- and XV-series bonds 

is 7% or EEK 7 per bond.



Interest payments will be made to investors holding the respective 

bonds as of the end-day of 15.05.2000, according to the data of the 

securities register of the Estonian Central Depository for 

Securities. Interest payments are transferred to the bondholders' 

accounts once a year on May 17, or the first banking day 

following that date. Hüvitusfond will make interest payments to the 

holders of III- and XV-series bonds in total amount of 5.2 million 

EEK. Interest payments will be made to approximately 3,000 bondholders.



The redemption date for III- and XV-series bonds is 17.05.2001. 

Hüvitusfond will then buy back the bonds at nominal value, i.e. 

EEK 100 per bond. Interest payments on Hüvitusfond bonds to private 

persons are exempt from income tax.





Jaanus Kosemaa

Public Relations Manager

+372 66 51 800