Balti Investeeringute Grupp        ANNOUNCEMENT                      29.11.2004



BIG Emits Bonds in the Amount of 10 Million Kroons



AS Baltic Investment Group will emit bonds in the  amount  of  10  million  kroons

with maturity of one year and the date of redemption being 30 November  2005.  The

selling price of the bonds is 9381.72 kroons and the redemption price  is  10  000

kroons. Bonds are discounted and interest is not paid on them.



The primary distribution of the bonds will be  carried  out  by  direct  sale;  in

conjunction with §12.2.4 of the Securities Market Act  there  will  be  no  public

tendering procedure. The tender will commence on November 26, 2004  and  will  end

on November 29, 2004. The tender will occur on the basis of AS  Baltic  Investment

Group's decision of November 25, 2004.



The volume of subscription bonds must be at least 630 000 kroons per  investor.  A

purchasing tender with a  smaller  volume  of  the  subscription  bonds  shall  be

considered invalid. If the emission is  subscribed  in  excess,  the  issue  bonds

shall be distributed to investors as proportionally as  possible  to  the  amounts

desired in the purchasing tender, but not less than 630 000 kroons  per  investor.

If the emission is undersubscribed, the volume of the emission shall be  decreased

to the amount desired in a subscription  certificate  or  the  emission  shall  be

withdrawn by a decision of the issuer.



The rate of the return on the bond will be 6.5% per  year.  The  issuer's  payment

obligations arising from the bonds are the  issuer's  unsecured  bond  obligations

which are  pari  passu  equivalent  to  all  the  issuer's  other  unsecured  bond

obligations.



The underwriter will be AS Sampo Pank.

The funds involved in the emission will be used for granting credits.





Targo Raus

Chairman of the Board

Additional information: svea.peters@big.ee