Baltic Investment Group            STOCK EXCHANGE RELEASE              09.06.2005



BIG EMITS BONDS IN THE AMOUNT OF 40 MILLION KROONS



AS Baltic Investment Group emitted bonds in the amount of 40 million  kroons  with

a maturity of one year and the date of redemption being 8th  of  June,  2006.  The

selling price of the bonds was 95.19  kroons  and  the  redemption  price  is  100

kroons. The bonds are discounted.



The primary distribution  of  the  bonds  was  carried  out  by  direct  sale;  in

conjunction with §12.2.4  of  the  Securities  Market  Act  there  was  no  public

tendering procedure. The subscription period was from the 6th to the 8th of  June,

2005. The tender occurred on the basis of AS Baltic Investment  Group's  decisions

made on the 6th and the 8th of June, 2005.



The minimum  volume  of  subscription  bonds  was  at  least  630,000  kroons  per

investor. The emission subscription took place in the form  of  underbidding.  The

whole emission was oversubscribed by 2.54 times,  and  as  for  unspecified  price

offers, the emission  was  oversubscribed  by  1.9  times.  As  a  result  of  the

oversubscription, the emission volume was increased from 30 million kroons  to  40

million  kroons.  As  the  emission  was  oversubscribed,  the  issue  bonds  were

distributed to investors proportionally to the amounts desired in  the  purchasing

tender, but not less than 630,000 kroons per investor.



The  issuer's  payment  obligations  arising  from  the  bonds  are  the  issuer's

unsecured bond obligations which are pari passu equivalent  to  all  the  issuer's

other unsecured bond obligations.



The emission was organised by AS LHV Financial Advisory Services.



The funds involved in the emission will be used for granting credits.





Eero Varkki

Chief Financial Officer

Phone +372 737 7599