Baltika                       NEWS RELEASE                      09/26/2003



PROGNOSES FOR 2003 2H



Considering current 2003 2H results Baltika prognoses

half year profit in amount of 2 mil EEK /0,13 mil EUR from 280 mil EEK/

17,9 mil EUR turnover. Compared to 2002 same period it shows turnover

raise by 17% (2002 2H turnover 254 mil EEK/ 16,2 mil EUR) and profit

raise by 5 mil EEK / 0,3 mil EUR (2002 2H loss 3 mil EEK/ 0,2 mil EUR).





Meelis Milder

CEO

+372 6302 731