Tallinna Börs                 NEWS RELEASE                      04/17/2002



INTENTION OF TAKEOVER BID TO ESTIKO SHAREHOLDERS



According to the sales/purchase contract of shares concluded between 

AS Rondam and Dennis Wells Eesti OÜ (the former OÜ Verboven) on April 15, 

2002, AS Rondam acquired all the shares of AS Estiko belonging to 

Dennis Eesti OÜ, in total 1,341,472 shares, with which AS Rondam and 

the related persons have achieved the controlling status in AS Estiko 

(shareholding 69,768%).



In connection with the achieved controlling status in AS Estiko, AS Rondam 

is planning to make the shareholders of Estiko, in conformity of the rules 

of the takeover bid (TOB) of Tallinn Stock Exchange, an obligatory takeover 

bid to purchase all the E-shares of AS Estiko belonging to them. 





Additional information:



Ellen Tohvri

Chairman of the Management Board of AS Estiko

07 371 000





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