HANSABANK             STOCK EXCHANGE RELEASE            12.04.05



Decisions of the annual general meeting



The Annual General Meeting of Shareholders of AS Hansabank held on 12  April  2005

decided on the following:



1. Annual Report of Financial Year 2004

To approve the Annual Report of 2004, which consists of the annual accounts and

management report (jointly: Annual Report), the auditors' report and the proposal

for distribution of profits.



2. Distribution of profits

To distribute the profit as follows:



The 2004 net income in the amount of 2 788 617 911 (two billion seven hundred and

eighty eight million six hundred and seventeen thousand nine hundred and eleven)

kroons will be distributed together with the retained earnings from the previous

periods in the amount of 5 899 819 065 (five billion eight hundred and ninety

nine million eight hundred and nineteen thousand and sixty five) kroons.



To distribute the total retained earnings of 8 688 436 976 (eight billion six

hundred and eighty eight million four hundred and thirty six thousand nine

hundred and seventy six) kroons as follows:



- to allocate 238 026 327 (two hundred and thirty eight million twenty six

thousand three hundred and twenty seven) kroons to statutory reserves;



- to retain 8 450 410 649 (eight billion four hundred and fifty million four

hundred and ten thousand six hundred and forty nine) kroons undistributed.





3. Recalling of members of the Council

To recall all members of the Council: Anders Ek, Gunnar Okk, Tiina Mõis, Endel

Siff, Robert Charpentier, Staffan Crona, Lennart Lundberg and Anders Folke

Sahlén.





4. Electing members of the Council

4.1 To elect 6 (six) members to the Council.

4.2 To elect the following individuals as members of the Council: Jan Lidén,

Anders Ek, Robert Charpentier, Lennart Lundberg, Endel Siff and Staffan Crona.





5. Election of external auditor for the financial year 2005

5.1 In accordance with Section 328 of the Commercial Code and Section 94 (1) of

the Credit Institutions Act, to elect Mr Veikko Hintsov, auditor's certificate

No. 328, domicile Tallinn, from the audit firm AS Deloitte Audit Eesti,

registration code No 10687819, as the Bank's independent auditor for the

financial year 2005;

5.2 The auditor shall be remunerated pursuant to an agreement to be concluded

between the auditor and the Board of Management;

5.3 To authorise the Board of Management to conclude an audit service agreement

with the audit firm AS Deloitte Audit Eesti.





Mart Tõevere

Head of Corporate Communications and IR

Tel. +372 6131 569