PRO KAPITAL

ANNOUNCEMENT



SALES REPORT, JUNE 2000



The current report provides an overview of AS Pro Kapital real estate 

sales in June 2000.



In Estonia Pro Kapital has developed and sells premises in Ilmarise 

dwelling quarter, Vene St.19 and Narva St.13a in Tallinn. In June the 

company sold in Estonia 205.7 m2 of different premises for total of 

EEK 4,030,000.



In Latvia Pro Kapital has developed and sells premises in 

condominium/office building located in the center of Riga (address 

Stabu 19). No sales were made in June in Latvia.



Currently Pro Kapital does not have real estate objects for sale in 

Lithuania.



Pro Kapital's total real estate sales in the Baltic countries in June 

2000 amounted to EEK 4,030,000.





Andrus Laurits

CEO, Pro Kapital

+372 614 4920