Tallinn Stock Exchange        NEWS RELEASE              27.06.2005



NOTICE OF TAKEOVER BID TO AS VIISNURK SHAREHOLDERS



OÜ  Trigon  Wood (previous business name OÜ Trigon  RED  Finance),

with register code 11053100, address: Pärnu mnt 15, Tallinn 10141,

Republic of Estonia (hereafter „Trigon Wood“) announces a takeover

bid  in  accordance  with the Securities Market  Act  Section  166

Subsection  1  to  the  shareholders  of  AS  Viisnurk  (hereafter

„Shareholders“),  register code 10106774,  address:  Suur-Jõe  48,

Pärnu  80042, Republic of Estonia (hereafter „Viisnurk“)  for  the

acquisition of all shares of Viisnurk not already held  by  Trigon

Wood on the following terms  and conditions („Takeover Bid“).



The number of the shares or votes represented by the shares of the

target  issuer which are controlled by the offeror or the  persons

acting in concert with the offeror



Viisnurk  has  issued  4,499,061 one class  of  registered  common

shares with nominal value EEK 10 per share that are listed in  the

I-list  of  the Tallinn Stock Exchange (hereafter „Shares“).  Each

Share gives a Shareholder one vote and the right to participate at

the shareholders’ meeting of Viisnurk and the right to participate

in  the  distribution of profits and the assets remaining  at  the

liquidation of the company, as well as other rights as provided in

the law and in the articles of association.



Trigon Wood owns 2,675,752 shares of Viisnurk and 2,675,752  votes

at  the shareholders’ meeting of Viisnurk that makes up 59.47%  of

the total number of Shares and votes.



Trigon  Wood is a company incorporated in the Republic of  Estonia

that  was  founded on June 14th 2004 and that has not  engaged  in

business  activities so far. The aim of Trigon Wood in the  future

is  to act as a holding company for Viisnurk shares. The owners of

Trigon   Wood  are  TDI  Investments  Ky,  a  limited  partnership

registered in the Republic of Finland with register code  1868191-

6,  situated in Helsinki, and BCB Baltic AB, a company  registered

in the Kingdom of Sweden, with register code 556649-7540, situated

in Uppsala. The main activity of TDI Investments Ky and BCB Baltic

AB  is  investments  into  securities. In the  future,  additional

investors may become minority shareholders of Trigon Wood.



The  persons  acting  in concert with Trigon Wood  are  AS  Trigon

Capital,  register code 10179709, address: Pärnu mnt  15,  Tallinn

10141,  Republic  of  Estonia, and TC Capital  Oy,  register  code

1048129-0,  address: Oikokatu 2 A 2, 00170 Helsinki,  Republic  of

Finland. The persons acting in concert with Trigon Wood do not own

any  shares of Viisnurk or any votes at the shareholders’  meeting

of Viisnurk.



TC Capital Oy is a subsidiary of AS Trigon Capital and the general

partner  of one of the owners of Trigon Wood, TDI Investments  Ky.

AS  Trigon Capital has signed an advisory agreement with an  owner

of Trigon Wood, BCB Baltic AB.



A description of the securities subject to the takeover bid



The subject of the Takeover Bid is all Shares that are not already

held by Trigon Wood, i.e. 1,823,309 Shares that make up 40.53%  of

the total number of Shares.



The purchase price and the method of payment



The  purchase price of the Shares subject to the Takeover  Bid  is

EEK  28.45  per Share (hereafter „Takeover Price“)*1. Trigon  Wood

shall pay the Takeover Price corresponding to the number of Shares

being sold to each Shareholder that has accepted the Takeover  Bid

upon  transferring the respective Shares (delivery versus payment)

on August 3rd 2005.



The term of the takeover bid



The  term for accepting the Takeover Bid (hereafter „Term“) starts

on  June  27th  2005  and ends on July 25th 2005  (hereafter  „End

Date“).  The  orders of the Shareholders who wish  to  accept  the

Offer  must  be  registered with the Estonian  Central  Securities

Depository  (hereafter „ECSD“) on the End  Date  latest  by  5  PM

Estonian time.



All  Shareholders  who  wish to accept  the  Takeover  Bid  should

contact  the  account operator through which the  Shareholder  has

opened   his/her  securities  account  in  ECSD  and   where   the

Shareholder keeps the Shares. For selling the Shares on the  terms

and conditions of the Takeover Bid, a trade order corresponding to

the  requirements as set out in the Prospectus of the Takeover Bid

(hereafter  „Prospectus“)  must be  registered  with  the  account

operator.



A reference to the approval by the Financial Supervision Authority



This  notice  of Takeover Bid, the Prospectus and  the  terms  and

conditions  of the Prospectus have been approved by the  Financial

Supervision Authority on June 22nd 2005.



Places where the prospectus can be obtained



The  Prospectus  shall  be made available in  paper  form  at  the

location  of Trigon Wood at Pärnu mnt 15, Tallinn 10141,  Republic

of  Estonia, and in electronic form at the web site of the Tallinn

Stock Exchange at <a href='http://www.ee.omxgroup.com.' target='_blank'>http://www.ee.omxgroup.com.</a>





_______________________________

*1 In this notice the EUR/EEK exchange rate of 15.6466 has been

used for calculating the Takeover Price.