SAKU ÕLLETEHAS

REPORT



CONSOLIDATED CHANGES IN OWNERS' EQUITY IN 2000



consolidated, audited

in kroons

                                 Group       Group       Parent       Parent

                                          adjusted*     company      company

                                                                    adjusted*

                                  2000        1999         2000         1999

                                                                            

  Share capital             80,000,000  80,000,000   80,000,000   80,000,000

  Mandatory reserves         8,000,000   8,000,000    8,000,000    8,000,000

  Other reserves            44,069,965  44,069,965   44,069,965   44,069,965

  Retained earnings                                                         

  At the beginning of      186,748,831 157,791,294  186,748,831  157,905,518

  the period

       Dividends paid      -40,000,000 -32,000,000  -40,000,000  -32,000,000

       Income tax on        -4,624,848               -4,624,848             

       dividends paid

  By the end of the        142,123,983 125,791,294  142,123,983  125,905,518

  period

  Profit of the             73,955,035  60,957,537   73,955,035   60,843,313

  reporting period

                                                                            

   Total owners’ equity    348,148,983 318,818,796  348,148,983  318,818,796

                                                                            



*Adjustment of the data reflects the changes in accounting policies after

reclassification of some of the operating lease agreements as finance lease 

agreements.



The share capital of the Saku Brewery of 80 million kroons was made up of 8

million registered shares with the nominal value of 10 kroons. According  to  

the articles of association of the parent company, the minimal amount of share 

capital is 80 million kroons and the maximum amount of share capital is 

320 million kroons.





Ruth Roht

Public Relations Manager

+372 6 508 303