EESTI TELEKOM

ANNOUNCEMENT



SIGNING OF LOAN AGREEMENT



AS Eesti Telekom signed yesterday, 18.01.2001 a EUR 40 million 

syndicated loan agreement ("Revolving Loan Facility"). Loan 

has a maturity of 5 years and interest rate of Euribor + 0,775%.

Members of the syndicate are Bankgesellschaft Berlin AG, 

The Dai-Ichi Kangyo Bank Ltd, Landesbank Schleswig Holstein 

Girozentrale, Leonia Bank plc, Swedbank (Föreningssparbanken AB (publ))

and AS Hansapank. 





Krister Björkqvist

AS Eesti Telekom CFO

Phone: +372 6311 212





Kadri Lensment

Assistant manager

+372 6311 212