Hansapank                     NEWS RELEASE                      09/19/2002



COMMENT ON INDREK NEIVELT'S SHARE TRANSACTIONS



The Financial Supervision Authority (FSA) closed the review of CEO of

Hansabank Group, Indrek Neivelt’s share transactions, carried out by

the latter in 1998; in the course of the review, the FSA identified a

conflict with the Securities Market Act but did not establish the

elements of a punishable offence in Indrek Neivelt’s actions.



As a comment to the press release issued today, on September 19, 2002

by the Financial Supervisory Authority (FSA) and the statement made by

Indrek Neivelt, Mr Sahlen said:



"I have always been convinced that Indrek Neivelt has consistently

acted in accordance with laws and regulations. Furthermore, having

known Indrek Neivelt for several years, I have always valued him for

his high ethical standards.



After the case has now been closed, I have no reason to reassess my

views.

Indrek Neivelt has the full confidence of the Council and Swedbank,

the major shareholder of Hansabank."





Kristi Liiva

Head of Corporate Communications

Phone: +372 6 133 714, GSM +372 50 74 162

e-mail: kristi.liiva@hansa.ee





Rasmus Rask

corporate secretary

06132940