Merko Ehitus                  NEWS RELEASE                       30.09.2004



Commentary on article published in Äripäev



In order to specify the article published in Äripäev on September 30, 2004

titled "Merko Ehitus builds the first stage of Kunda cellulose factory and

designs the whole factory; the contract price is confidential" we consider

it necessary to point out the following.



In the subsection 6.1 of Chapter 6 Changes in Issuer’s Business of the

Tallinn Stock Exchange Rules it is stated that an Issuer is required to

immediately disclose any circumstances and events which have, or may have,

a substantial effect on the business operations or financial situation of

the Issuer. Such circumstances may include amongst other things the

conclusion of a contract important for the Issuer. For the purposes of

these Requirements, the sum which is equal to or exceeds 10% of the

Issuer’s equity according to the latest audited consolidated balance sheet

is understood as important.



Hereby we state that the price of the design project and construction

contract concluded between AS Merko Ehitus and RWE Industrie-Lösungen GmbH

remains below the aforementioned 10% of the Issuer's equity and thus Merko

did not consider it necessary to publish a stock exchange release.





Marko Pern

Financist

+372 6 805 130