BALTIKA

ANNOUNCEMENT



ANNUAL GENERAL MEETING OF SHAREHOLDERS



AS Baltika, located at Veerenni 24, Tallinn, will hold its 

shareholders' annual general meeting on 06.04.2001, beginning at 

9:00 a.m. The AGM will be held at the head-offices of AS Baltika 

(address Veerenni 24, Tallinn).



Registration of AGM attendants will begin at 08:30 a.m. All AGM 

attendants must present an identification document (representatives 

also need to present a proxy); the corporate shareholders must 

present an excerpt from Commercial Registry card (representatives 

also need to present identification document and proxy).



Agenda:

1. Approval of 2000 annual report;

2. Profit allocation;

3. Activities for year 2001;

4. Issue of convertible bonds.



As of 22.03.2001 the 2000 annual report is available at AS Baltika 

secretariat (address Veerenni St. 24,Tallinn, room 301). AS Baltika 

annual report is also available at Tallinn Stock Exchange Internet 

homepage <a href='http://www.tse.ee.' target='_blank'>http://www.tse.ee.</a>



Management Board of AS Baltika





Ülle Järv

Member of the Management Board

+372 63 02 741