Tallinna Börs                 NEWS RELEASE                      25.10.2004



ABOUT QUALIFYING HOLDING IN HANSAPANK



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

by Fidelity Investments on October 14, 2004, arrived at the Estonian CSD 

today, on October 25, 2004.



In compliance with §§ 185 and 187 of the Securities Market Act, Fidelity 

Investments 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 October 14, 2004, the number of shares 

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

Shareholders (altogether 27 entities) are 16,496,274, which represents 

approximately 5.20% 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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