PRO KAPITAL

ANNOUNCEMENT



ACQUISITION OF FISH VIAGGI S.R.L.



On 06.10.2000 the Management Board of Domina Hotel e Comproprieta 

Alberghiere S.p.A (Domina HCA), the subsidiary of AS Pro Kapital 

Grupp, decided to acquire full holding in tourism services provider 

Fish Viaggi S.r.l. Fish Viaggi has operations in Italy and Egypt. 



The share purchase agreement will be made in the near future; the 

seller is a company, which is connected with Pro Kapital Group's  

Supervisory Board chairman and core investor Ernesto Preatoni.  



Fish Viaggi is a provider of tourism services. For instance Fish 

Viaggi organizes charter flights to Domina HCA hotels in Italy and 

Egypt. The company's turnover forecast for year 2000 stands at EEK 

144 mln, and currently its assets volume is EEK 43 mln and share 

capital EEK 323,000.



The goal of the share purchase is to include the company into 

development of Domina group and servicing of Domina HCA new 

accommodation and tourism venues.



This transaction can be treated as transaction between connected 

parties under the Tallinn Stock Exchange Rules and Regulations. 

However, when taking into consideration the acquisition price of the 

shares and issuer's turnover, and assets and equity volume, the 

current transaction is not considered as substantial.





Ilona Saari

Management Board chairman

+372 614 4924