27.05.2004, Trigon Property Development, TLN

Viisnurk                      NEWS RELEASE                      05/27/2004



GENERAL ANNUAL MEETING



The annual general meeting of the shareholders of Viisnurk AS will be held

in the Strand Hotel at 35, A. H. Tammsaare Blvd., Pärnu, Estonia, at 11.00

on 19 June 2004.



The agenda and proposals of the annual meeting:



  -    Approval of the Annual Report for 2003



The management board proposes that general meeting approve the annual

report for 2003.



  -    Profit allocation for 2003



The management board proposes to cover the loss for 2003 in the amount of

68,665,898 kroons (4,388,540 euros) with retained earnings.





For registration of the participants of the annual meeting:

- physical persons are requested to provide an ID document

(representatives shall also provide an authorisation document),

- legal persons shall provide a document proving their representation

(authorised representatives shall submit an authorisation document issued

by the Management Board) and an ID document.



Documentation of general meeting is available in the office of Viisnurk AS

at 48, Suur-Jäe St., Pärnu.





Andrus Aljas

CFO

+372 447 8355