AS Viisnurk has signed an agreement to sell its Sporting Goods Division's machinery to JSC EFSI Ltd. After negotiations with different potential buyers, JSC EFSI Ltd was chosen due to its best-offered price and payment terms. National Sports Company "EFSI Ltd" is a leading producer of sporting equipment and goods in Russia.
The divestment included sale of both ski and hockey stick production related machinery. Land and real estate of the Sporting Goods Division was not part of the sale. Viisnurk has received prepayment for the the machinery and machinery disassembly work has begun.

AS Viisnurk has signed an agreement to sell its Visu trademark to OÜ A2K Sport.
A2K Sport is an Estonian based wholesale dealer of different winter sports goods. A2K Sport is a distributor for such well-known brands as Alpina, Rottefella, Start, Exel, Roces and Hyper. The clients of A2K Sport are all major sporting good retailers in Estonia and larger sporting goods shops in Latvia and Lithuania.

The sales value of the signed agreements does not exceed 10% of AS Viisnurk's year 2003 audited consolidated equity and the transactions have no extraordinary influence on AS Viisnurk's financial results.

Additional information:

Andrus Aljas
AS Viisnurk
Member of Management Board
447 8355

Vjtaliy Prikhodchenko
JSC EFSI Ltd
PR Manager
+7 095 748 68 56

Kaupo Koplus
OÜ A2K Sport
Managing Director
445 2935

Amish Mody
AS Trigon Capital
Associate Director
6679200