OÜ Trigon Wood has on June 1st 2005 signed an agreement with Baltic Republics
Fund for the acquisition of a majority stake in AS Viisnurk (2,675,752 shares,
59.47% of share capital). The transaction is expected to close on June 3rd
2005. According to Estonian Securities Market Act and other legal acts based
on it, OÜ Trigon Wood will publish preliminary information regarding a mandatory
buy-out offer after closing the deal and gaining dominant influence in AS Viisnurk.

The price paid in the transaction between OÜ Trigon Wood and Baltic Republics Fund
amounted to 1.7337 euro (27.126 EEK) per share. In the manadatory buy-out offer
OÜ Trigon Wood intends to offer the same price that was paid for the holding of
Baltic Republics Fund.

OÜ Trigon Wood is a company owned by TDI Investments Ky (Finland) and BCB Baltic AB
(Sweden), parallel investment vehicles jointly known as Trigon Direct Investments.
Trigon Direct Investments, advised by AS Trigon Capital, was set up in 2004. The
purpose of the fund, which manages the capital of wealthy Scandinavian private
individuals, is to invest in promising companies in Central and Eastern Europe.
It has made previous investments in Poland and Russia.

Trigon Capital, the advisor of Trigon Direct Investments, will hold a press
conference to interested parties today on June 2nd at 11.30 AM in the office of
Trigon Capital: Pärnu mnt 15, 6th floor, Tallinn, Estonia.

Further information:
Joakim J Helenius
Tel: 66 79 200