PRO KAPITAL

ANNOUNCEMENT



SALES REPORT, DECEMBER 2000



The current report provides an overview of Pro Kapital real estate 

sales in the Baltic countries in December 2000.



In Estonia Pro Kapital has developed and sells premises in Ilmarise 

dwelling quarter, Vene St.19, Narva St.13a and Aedvilja St. 1 in 

Tallinn. In December the company sold in Estonia 85 m2 of different 

premises for total of EEK 1,405,000.



In Latvia Pro Kapital has developed and sells premises in 

condominium/office building located in the center of Riga (address 

Stabu 19). In December the company sold in Latvia 61 m2 of premises 

for total of USD 109,000 or EEK 1,831,200 (at 31.12.2000 Bank of 

Estonia exchange rate 1USD=16.8 EEK).



Currently Pro Kapital does not have real estate objects for sale in 

Lithuania.



Pro Kapital's total real estate sales in the Baltic countries in 

December 2000 amounted to EEK 3,263,200.



Additional information:



Andrus Laurits

Pro Kapital Eesti, CEO 

Tel. +372 614 4920



Alessandro Gelli

Pro Kapital Latvia, CEO

Tel. +371 732 3128





Ilona Saari

PK Group, Board member

+372 614 4924