Hansapank                     NEWS RELEASE                03/06/2002 13:00



AGENDA OF THE ANNUAL GENERAL MEETING OF AS HANSAPANK



The 2002 Annual General Meeting of Shareholders Hansabank will be held

at  2  pm on Monday, 8 April 2002, at Radisson SAS hotel, Conference

room  Hansa  (2nd floor), Rävala pst. 3, Tallinn. The following  items

have been included on the agenda of the General Meeting:



1. Annual Report of Financial Year 2001



To approve the Annual Report of 2001, which comprises of the annual

accounts, activity report, conclusion of the auditor and the proposal

for the distribution of profits, as follows:



The net income for 2001 in the amount of 112,239,181 euros

(1,756,166,060 kroons) will be distributed together with the retained

earnings from the previous periods in the amount of 116,952,432 euros

(1,829,912,593 kroons).



- to distribute the total 229,191,613 euros (3,586,078,653 kroons) as

follows:

- to pay 20,159,500 euros (315,428,436 kroons) as dividends to the

shareholders (4 kroons per share);

- to allocate 5,923 euros (92,675 kroons) to the reserve capital; and

- to retain 209,026,190 euros (3,270,557,542 kroons) undistributed.



The date of closing the list of shareholders entitled to receive a

dividend shall be 23 April 2002 at 8:00 a.m. The dividend shall be

paid out not later than 29 April 2002.



2. Amendments to the Articles of Association of AS Hansapank

The recent amendments to the Credit Institutions Act (CIA), which came

into force as of 1 January 2002 necessitate certain changes in the

Articles of Association of AS Hansapank. The legal necessity for a

revision also prompts for a general review of the Articles. As an

important change, under the revised CIA, a credit institution may

decrease its share capital for reasons other than just for covering a

loss, as prescribed previously. The amendment to Section 11 (1) of the

Articles reflects that change in the law. The credit institution must

obtain the Financial Inspection’s prior approval for decreasing its

share capital.



To redraft Section 11(1) of the Articles and stipulate it as follows:



"The share capital of the Bank may be reduced, in accordance with the

requirements of law, by cancelling of shares or reduction of the

nominal value of shares."



3. Re-election of the Members of the Council





4. Acquisition of Treasury Shares

Discussion point





Mart Tõevere

Head of investor relations

+372 6131 569