Saku Õlletehas                NEWS RELEASE                      02/26/2004



PROFIT ALLOCATION PROPOSAL



The  management board of Saku Brewery Ltd  proposes  that

the company:



- declare a net dividend (the share of profit payable

  to shareholders) of EEK 40,000,000 (€2,556,000), i.e. EEK

  5  (€0.32) per share. According to the rules of Tallinn

  Stock Exchange, the shareholders who are entitled to the

  dividend  will  be  identified based  on  the  list  of

  shareholders  at  the Estonian Central  Depository  for

  Securities at 8 a.m. on the 15th stock exchange day from

  the day of the general meeting;

- distribute  the dividend using the net  profit  for

  2003; and

- increase accumulated profits by the net profit  for

  2003 of EEK 14,770,000 (€944,000).





Kristina Seimann

Communication Manager

+ 372 6 508 303