Tallinna Börs                 NEWS RELEASE                      02/02/2004



ABOUT QUALIFYING HOLDING IN HANSAPANK



The notice of acquisition of a qualifying holding in AS Hansapank, issued 

by FMR Co. on January 28, 2004, arrived at the Estonian CSD on January 30, 

2004.



In compliance with §§ 185 and 187 of the Securities Market Act, FMR Co. 

sent a notice to the person maintaining the share register of AS Hansapank 

to the effect that FMR Corp., Fidelity International Limited and each of 

their direct and indirect subsidiaries (collectively, the "Shareholders") 

have crossed a 5% threshold of the voting stock in AS Hansapank. 



According to the notice, as of January 28, 2004, the number of shares and 

votes represented by the shares held or deemed to be held by the Shareholders 

(altogether 14 entities) are 4,403,742, which represents approximately 5.55% 

of the total voting shares of the common stock in AS Hansapank. None of the 

Shareholders individually owns more than 2% of Hansapank’s shares.



The Shareholders are managers and advisers of collective investment funds and 

third-party institutional accounts and the Shareholders do not invest in an 

issuer for the purpose of exercising control over that issuer.





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