Tallinn Stock Exchange             ANNOUNCEMENT                      25.02.2005



RESULTS OF THE MANDATORY CASH OFFER



Starting from 13. January, 2005 Baltic Tele AB, registration number 556454-0085, 

address c/o TeliaSonera AB, Ekonomi, Box 7754, SE-103 96, Stockholm, Sweden, 

made an offer to acquire all shares of AS Eesti Telekom, registry code 10234957, 

address Roosikrantsi 2, 10119 Tallinn, not already owned by Baltic Tele AB from 

the shareholders of AS Eesti Telekom in accordance with the Rules of Takeover 

Bids and other laws effective in the Republic of Estonia (the "Mandatory Offer").



The period for the acceptance of the Mandatory Offer ended on 23. February, 2005.



As a result of the Mandatory Offer, the shareholding of Baltic Tele AB in AS Eesti 

Telekom will increase by 352,857 shares and, as of 7. March, 2005, Baltic Tele AB 

will own 69,330,171 shares of AS Eesti Telekom, representing 50.255814% of the 

total number of shares of AS Eesti Telekom. No other company belonging to the 

TeliaSonera group owns any share of AS Eesti Telekom.





AS Hansapank, 

representative of Baltic Tele AB regarding the cash offer (in Estonia)





Lauri Lind

AS Hansapank

+372 6131 355