SAKU ÕLLETEHAS

ANNOUNCEMENT



PROFIT ALLOCATION PROPOSAL BY THE MANAGEMENT BOARD



The  Management  Board  of  the Saku Brewery (Saku Õlletehase  AS)  makes  the

proposal to allocate the net profit for 1999 as follows:



·     to  announce  net  dividends  -  the share  of  the  profit  payable  to

 shareholders—in the total amount of 40 million kroons or 5 kroons  per  share

 whereby,  according to the rules of the Tallinn Stock Exchange, the  list  of

 shareholders  at  the Estonian Central Depository for Securities  as  of  the

 fifteenth  stock  exchange day after the day of the general  meeting  of  the

 shareholders at eight hours a.m. shall be taken as the basis for the list  of

 shareholders entitled to receive the dividend payments for the financial year

 1999;

·    to transfer the remaining portion of net profit to retained earnings.





Ruth Roht

Public Relations Manager

+372 6 508 303