Hansapank                     NEWS RELEASE                      05/03/2004



HANSA CAPITAL SIGNS THE BRC SALES AGREEMENT



On Friday, 30 April, Hansabank’s subsidiary Hansa Capital and the

joint venture formed by AS Silberauto and OÜ Baltic Business

Associates signed the sales agreement of the asset realisation company

OÜ Balti Realiseerimiskeskus (Baltic Realisation Centre).



Hansabank’s Board decided to sell BRC as a non-strategic business unit

last autumn.



The transaction is not a transaction with related parties within the

meaning of the regulations of the Tallinn Stock Exchange. Also, since

the transaction does not have a material financial impact on the Group

operations within the meaning of the regulations of the Tallinn Stock 

Exchange the parties have decided not to disclose the price or other

conditions of the agreement.





Mart Tõevere

Head of Communications and IR

+372 6131 569