HANSABANK             STOCK EXCHANGE RELEASE            19.05.05



Decisions of OAO Kvest Bank's annual general meeting



The Annual General  Meeting  of  Shareholders  of  Hansabank's  daughter  bank  in

Russia, OAO Kvest bank, which was convened by the Council of the bank  on  18  May

2005 decided on the following:



1. Annual Report of Financial Year 2004

To approve the Banks' Annual report, annual accounting reports, with the Bank's

Auditor's and Audit Committee's reports.



2. Distribution of profits

To distribute all profit for 2004 in total amount of 1,309,139.43 RUR (EUR 0.19

million) to reserve. Not to pay any compensations and reimbursements to the

Bank's Audit Committee and Council Members.



3. Approval of the Auditor of the Bank for the year 2005

To approve Private Limited Company "Deloitte & Touche CIS" as the Bank's Auditor

for the year 2005.



4. Election of the Audit Committee of the Bank for the year 2005

To approve the following persons as the members of the Audit Committee of Kvest

bank for 2005: Erik Starkov, Evija Sloka, Andis Berzin?.



5. Electing members of the Council

To elect the following candidates as the members of the Bank's Council:   Erkki

Raasuke, Aivo Adamson, Kristina Siimar, Lennart Lundberg, Robert Charpentier.





Mart Tõevere

Head of Corporate Communications and IR

Tel. +372 6131 569