SAKU ÕLLETEHAS

REPORT



GROUP STATEMENT OF CHANGES IN EQUITY, Q1 2000



(in thousand EEK

                                    Group*  Group*   Group   Group

                                   Q1 2000 Q1 1999    1999    1998



Share capital                       80,000  80,000  80,000  80,000

Reserve capital, beginning balance   8,000   8,000   8,000   8,002

Change in retained earnings                                     -2

Reserve capital, closing balance     8,000   8,000   8,000   8,000

Other reserves                      44,070  44,070  44,070  44,070

Retained earnings,

beginning balance                  186,801 157,792 157,792 114,109

Dividends paid                                     -32,000 -16,000

Provisions from reserve capital                                  2

Balance of deferred                                         15,984

income tax liability

Retained earnings,

closing balance                    186,801 157,792 125,792 114,095

Net profit for financial year        3,303   7,114  61,009  43,697



Total owners' equity               322,174 296,976 318,871 289,862



** - consolidated, unaudited





Ruth Roht

Public Relations Manager

+372 6 508 303