Saku Õlletehas                NEWS RELEASE                      04/10/2003



INTRA-GROUP FINANCING AGREEMENT



The Baltic breweries of Baltic Beverages Holding AB (BBH)

group  -  Saku  Õlletehase AS, Aldaris AO  and  Svyturys-

Utenos Alus AB (SUA) -  concluded yesterday a  trilateral

financing  agreement  with a view to improving  liquidity

management  at  the Baltic level of BBH  group,  reducing

each  entity’s  interest expense and  retaining  interest

income within the group.



Under  the  agreement, which is similar  to  a  revolving

overdraft facility, all the three breweries can lend  and

borrow according to need.  With a credit limit of  up  to

EUR 10m, and  an  annual  interest  rate  of  4%  of  the

outstanding liability, the solution is comparable to  the

products  provided under similar circumstances  by  major

financing institutions.



The  parties have agreed that if results prove  positive,

the agreement, which expires at the end of the year, will

be extended.



The  Baltic  breweries of BBH group established  a  joint

taskforce  in  December 2002. The taskforce is  exploring

measures  that would allow the entities to upgrade  their

efficiency through closer co-operation.

The companies have conducted joint purchasing operations

to attain more favourable raw materials and services

prices. In addition, they have agreed to co-ordinate

sales operations, including conclusion of contracts with

the retail chains that operate in the three Baltic

markets. The breweries also co-operate in the field of

production and to unify use of capacities. Besides this,

they expect to benefit from product development and

marketing synergies and unification of relating

purchases.(News Release 12/17/02)



The  collaboration of the Baltic market leaders indicates

Saku  Brewery`s  preparedness  for  a  changing  business

environment  regarding Estonia integration into  European

Union.





Kristina Seimann

PR Manager

+ 372 6 508 303