ESTIKO

REPORT



CHANGES IN OWNERS' EQUITY, Q1 2001



in thousand EEK

                            Share  Capital   Legal   Retained   Own     Total

                           capital surplus  reserve  earnings  shares

Owners' equity

as at 31.12.1999            59,851   4,727    2,462    14,318      -2  81,356

Profit for current period        0       0        0       578       0     578

Owners' equity

as at 31.03.00              59,851   4,727    2,462    14,896      -4  81,932



                            Share  Capital   Legal   Retained   Own     Total

                           capital surplus  reserve  earnings  shares

Owners' equity

as at 31.12.2000            59,851   4,727    2,828    23,443     -38  90,811

Acquisition of own shares        0       0        0         0      -2      -2

Profit for current period        0       0        0     5,598       0   5,598

Owners' equity

as at 31.03.01              59,851   4,727    2,828    29,041     -40  96,407





Minimum share capital of the Company amounts to EEK 29,200,000.

The volume of share capital may be increased without the obligation

to change the Articles of Association up to EEK 116,800,000

(11,680,000 shares with the nominal value of EEK 10) based on

the AGM decision.





Ellen Tohvri

Management Board chairperson

+372 737 1000