REVAL HOTELLIGRUPP

ANNOUNCEMENT



SHAREHOLDERS' EXTRAORDINARY GENERAL MEETING



According to Reval Hotelligrupp AS (registry code 10041810,

address Tallinn) Management Board announcement the extraordinary 

general meeting of Reval Hotelligrupp AS shareholders will 

be held on Friday, October 6, 2000. The EGM will begin at 11:00 

in Beeta hall of the Olümpia Hotel's Conference Centre 

(Tallinn, Liivalaia 33)



The agenda of the extraordinary general meeting of shareholders 

includes:



1. Recall of Supervisory Board members and election of new 

members to the Supervisory Board.



All meeting attendants need to present an identification document. 

Representative of a shareholder also needs to present a written 

proxy; a legal representative of a corporate shareholder also needs 

to present a valid excerpt from the Commercial Registry card; a 

legal representative of a corporate shareholder registered abroad 

need to present a written Power of Attorney.



List of shareholders entitled to attend the EGM will be fixed on 

06.10.2000 at 8.00 a.m.

Registration of shareholders will begin 30 minutes before

the EGM at the venue of the meeting.



With all questions regarding the annual general meeting, please 

contact us at +372 62 74 444.





Feliks Mägus

Management Board chairman

Tel +372 62 74 444