2003.11.24, Trigon Property Development, TLN

Viisnurk                      NEWS RELEASE                      11/24/2003



ESTABLISHMENT OF NEW COMPANIES



Viisnurk AS is setting up two new companies on the basis of its current

subdivisions, the Building Materials and Sports Goods Divisions, with the

aim of providing them with more independence in their activities under

their own trademarks and allowing them to activate the development of

their respective areas of business.



The companies will start their activities at the beginning of 2004 and

Viisnurk AS will be their 100% shareholder. The establishment of these

entities continues the restructuring process of the organisation. Legal

advice for the formation process of the affiliated companies is provided

by KPMG Estonia.



The Building Materials Division manufactures and markets a variety of

softboard-based building materials such as wind protection boards, general

building boards for insulation and soundproofing, and interior finishing

boards for walls and ceilings. The division has two trademarks: Isoplaat

and Isotex.



The Sports Goods Division manufactures and markets cross-country skis and

hockey stickS, and distributes various sports and recreational goods to

retailers in the Baltic countries. Visu and Maxxhockey are the trademarks

of the division.



Viisnurk AS is a wood-processing company that manufactures and markets

furniture, sports goods and building materials. It holds 100% of the

shares of its subsidiary, Skano OÜ.



Additional information:



Toivo Kuldmäe

Marketing Manager

Viisnurk AS

Tel. +372 447 8316

GSM +372 55 525 551

E-mail: toivo.kuldmae@viisnurk.ee

<a href='http://www.viisnurk.ee' target='_blank'>http://www.viisnurk.ee</a>





Andrus Aljas

Business Controller

+372 447 8355