Tallinna Börs                 NEWS RELEASE                      05/06/2002



TAKEOVER BID TO ESTIKO SHAREHOLDERS APPROVED



On May 06, 2002 Tallinn Stock Exchange Take-over Committee approved 

the announcement on take-over bid to shareholders of AS Estiko 

by AS Rondam, and the respective take-over prospectus.

 

According to the Take-over Committee's decision, the announcement 

on take-over bid and the take-over prospectus are to be published 

not later than on Tuesday, May 07, 2002.

 

Furthermore, the offeror must also publish the announcement on 

take-over bid in at least one nationally circulated daily newspaper 

not later than on Tuesday, May 07, 2002.

 

The take-over bid acceptance period lasts from May 08, 2002 until 

June 07, 2002 and the purchase price is EEK 8.50 per listed E-share and 

EEK 10.00 per B1-share.





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