SAKU ÕLLETEHAS

ANNOUNCEMENT

 

RESOLUTIONS OF ANNUAL GENERAL MEETING OF SHAREHOLDERS

 

1. Approval of 1999 annual report

AGM resolved to approve the 1999 annual report of Saku Õlletehase 

AS. 

 

2. Profit allocation

AGM approved the proposal for profit allocation, the amount paid to 

dividends and order of dividend payments as follows:

     

Net profit:                          		EEK 61 009 264 

Amount to be allocated between shareholders:	EEK 40 000 000 

                                    (dividends EEK 5 per share)

 

The remaining share of net profit will be transferred to the 

account of retained earnings.

 

Dividend payments will be made not later than on 06.04.2000.

 

3. Recalling of Supervisory Board members

AGM resolved to recall all members of Supervisory Board:

1.   Andres Erm

2.   Hans Åke Karlsson

3.   Vesa Eero Isohanni

4.   Jaak Leimann

5.   Feliks Undusk

     

4. Election of Supervisory Board members

AGM resolved to elect 5 members to the company's Supervisory Board 

for term of 1 year (until next AGM). The following members were 

elected to the Supervisory Board:

1. Andres Erm

2. Anders Torell

3. Vesa Eero Isohanni

4. Jaak Leimann

5. Lars Vegard Vonen 

     

5. Remuneration of Supervisory Board members

AGM resolved to remunerate the Supervisory Board members in year 

2000 in total amount of up to EEK 100 000.

 

6. Appointment of auditors

AGM resolved to appoint 2 auditors for period of 1 year (until next 

AGM). Andres Root and Andris Jegers of KPMG Estonia were appointed 

to audit the company's financial statements in year 2000.

 

7. Remuneration of auditors 

AGM resolved to remunerate the auditors in accordance with the 

respective agreement to be concluded.

 

 

Ruth Roht

Public Relations Manager 

+372 65 08 303