Eesti  Kindlustus  is  currently  conducting  negotiations  with  Sampo

Insurance  regarding  the  EEK  100  million share issue. The potential

investor  of  Eesti Kindlustus will be determined during the first week

of  December.  Five  foreign financial groups from Nordic countries and

Western  Europe  have  indicated  their  interest in As a result of the

share  issue  the  new  partner should acquire 51% or more of the share

capital  of Eesti Kindlustus Group. In addition to the already existing

3,2  million  shares  Eesti Kindlustus will issue up to 6,4 million new

shares  during  the share issue. With the assistance of the new partner

Eesti  Kindlustus  intends  to finalize the commenced reorganization of

the company and its expansion to other Baltic countries.