Hansapank                     NEWS RELEASE                03/10/2003 14:00



PROPOSALS TO THE ANNUAL GENERAL MEETING



The  Annual General Meeting of Shareholders of Hansabank will be  held

at  2 pm on Thursday, 3 April 2003, at Reval Hotel Olümpia, Conference

room Alfa (2nd floor), Liivalaia 33, Tallinn. The following items have

been included on the agenda of the General Meeting:



1. ANNUAL REPORT OF FINANCIAL YEAR 2002



To approve the Annual Report of 2002, which comprises of the annual

accounts, activity report, conclusion of the auditor and the proposal

for the distribution of profits, as follows:



The net income for 2002 in the amount of 1,746,732,945 (one billion

seven hundred and forty six million seven hundred and thirty two

thousand nine hundred and forty five) kroons (111,636,296 euros) will

be distributed together with the retained earnings from the previous

periods in the amount of 3,270,557,542 (three billion two hundred and

seventy million five hundred and fifty seven thousand five hundred and

forty three) kroons (209,026,190 euros).



To distribute the total of 5,017,290,487 (five billion and seventeen

million two hundred and ninety thousand four hundred and eighty seven)

kroons (320,662,486 euros) as follows:



- to pay 476,052,654 (four hundred and seventy six million fifty two

thousand six hundred and fifty four) kroons (30,425,232 euros) as

dividends to the shareholders (6.00 kroons per share);



- to allocate 485,000 (four hundred and eighty five thousand) kroons

(30,997 euros) to the reserve capital; and



- to retain 4,540,752,833 (four billion five hundred and forty million

seven hundred and fifty two thousand eight hundred and thirty three)

kroons (290,206,257 euros) undistributed.



The date of closing the list of shareholders entitled to receive

dividend shall be 17 April 2003 at 8:00 a.m. The dividend shall be

paid out on 25 April 2003.



2. AMENDMENTS TO THE ARTICLES OF ASSOCIATION OF AS HANSAPANK



To approve the revised Articles of Association.



3. RECALLING OF THE MEMBERS OF THE COUNCIL



To recall all members of the Council:

Anders Folke Sahlén, Annika Wijkström, Staffan Crona, Lars-Erik Kvist,

Lennart Lundberg, Tiina Mõis, Gunnar Okk, Meelis Milder and Endel

Siff.



4. ELECTION OF THE MEMBERS OF THE COUNCIL



To elect the members of the Council as follows:

Anders Folke Sahlén, Annika Wijkström, Staffan Crona, Lars-Erik Kvist,

Lennart Lundberg, Tiina Mõis, Gunnar Okk, Meelis Milder and Endel

Siff.



5. ELECTION OF THE INDEPENDENT AUDITOR



To elect Deloitte & Touche Audit AS as Hansapank’s independent auditor

for the financial year 2003.



6. REMUNERATION OF THE MEMBERS OF THE COUNCIL





Livia Kulm

Corporate Communications

Tel. +372 6133 816