Joint Press Release Of the Baltic Stock Exchanges - Changes To The Baltic List

On Monday, 2 April 2001, the composition of the Baltic List will change as Estonian, Latvian and Lithuanian stock exchanges approved changes to the Baltic List. Ekranas, admitted to the list of Baltic blue-chip securities, will replace Latvijas Unibanka, delisted from Riga Stock Exchange.

As of 15 March 2001, the total market capitalisation of the Baltic List stood at EUR 2.53 billion (EUR 2.8 billion as of 15 December, 2000).

Comppanies in the Baltic List are: Balta, RSE; Eesti Telekom, TSE; Ekranas, NSEL; Hansapank, TSE; Kalnapilis, NSEL; Latvijas Gaze, RSE; Lietuvos Telekomas, NSEL; Merko Ehitus, TSE; Norma, TSE; Pro Kapital Grupp, TSE; Rokiskio suris, NSEL; Snaige, NSEL; Tallinna Kaubamaja, TSE; Utenos Trikotazas, NSEL and Ventspils nafta, RSE.

Additional information about the Baltic List is available on the joint Internet homepage of the three Baltic bourses at http://www.baltic-exchanges.com