According to the decision of The Supervisory and Management Board of AS Viisnurk the company's Wood Division is closed since April 16th, 2004. Viisnurk's Wood Division was formed by sawmill, drying kilns complex and Wood Panels Factory. The reason for closing the Wood Division was the continuous earning of loss.

In relation to the closing of the Division, 170 workers were dismissed. The total of redundancy cost was 2 mEEK.

AS Viisnurk has initiated the Wood Divisionïs sales process and introduction to the potential buyers. The assets may be sold in one block or separately according to negotiations with interested parties. For additional information on the sales process of the Wood Division please contact AS Trigon Capital:

AS Trigon Capital
Pärnu mnt 15
10141 Tallinn
Estonia
Phone: +372 6679 200



Andrus Aljas
CFO
+372 447 8355