On 04.07.2001 the Supervisory Board of AS Viisnurk decided in accordance with the Articles of Association, to increase the share capital by 850,000 shares through additional monetary payments. The shares will be issued at price of EEK 44.00 (EEK 34.00 above par per share, nominal value of EEK 10.00).

If the share issue is fully subscribed, the number of AS Viisnurk's shares will total 5,349,061 shares, and share capital will amount to EEK 53,490,610. Shares to be issued amount to 15.89% of share capital after share issue.

Share capital amount will be increased to receive additional funding for expansion of the company's activities, and for possible take-overs in wood processing sector.

The subscription period will be from August 21 to September 10, 2001. Current shareholders of AS Viisnurk have the pre-emptive right for subscription of new shares. The pre-emptive subscription right is divided proportionally by shares currently outstanding. The list of shareholders entitled to obtain the pre-emptive subscription right will be fixed on August 16, 2001, at 08:00 a.m. The pre-emptive subscription rights are securities freely tradable on the Tallinn Stock Exchange. The pre-emptive subscription rights can be traded from the beginning of the subscription period until September 5, 2001. The list of shareholders entitled to exercise the pre-emptive right to subscribe for new shares will be fixed on September 11, 2001, at 08:00 a.m.

Further details can be obtained from the Issue Prospectus, available after the registration of the issue by the Securities Inspectorate. The registration of the issue will presumably take place within a week. The Issue Prospectus will be available next week at AS Viisnurk offices (Suur-Jõe St. 48, Pärnu); at AS Trigon Capital offices (Pärnu Rd. 15, Tallinn), and on Tallinn Stock Exchange Internet homepage (www.tse.ee).

The share issue is organized by AS Trigon Capital.

Additional information:

Meelis Kukk
CEO
AS Viisnurk
Tel. +372 447 8323, +372 501 6406

Kristel Kivinurm
Manager
Trigon Securities
Tel. +372 667 9208
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.



Andrus Aljas
CFO
+372 44 78355