AS Baltic Investment Group emitted bonds in the amount of 40 million kroons with a maturity of one year and the date of redemption being 8th of June, 2006. The selling price of the bonds was 95.19 kroons and the redemption price is 100 kroons. The bonds are discounted.

The primary distribution of the bonds was carried out by direct sale; in conjunction with §12.2.4 of the Securities Market Act there was no public tendering procedure. The subscription period was from the 6th to the 8th of June, 2005. The tender occurred on the basis of AS Baltic Investment Group's decisions made on the 6th and the 8th of June, 2005.

The minimum volume of subscription bonds was at least 630,000 kroons per investor. The emission subscription took place in the form of underbidding. The whole emission was oversubscribed by 2.54 times, and as for unspecified price offers, the emission was oversubscribed by 1.9 times. As a result of the oversubscription, the emission volume was increased from 30 million kroons to 40 million kroons. As the emission was oversubscribed, the issue bonds were distributed to investors proportionally to the amounts desired in the purchasing tender, but not less than 630,000 kroons per investor.

The issuer's payment obligations arising from the bonds are the issuer's unsecured bond obligations which are pari passu equivalent to all the issuer's other unsecured bond obligations.

The emission was organised by AS LHV Financial Advisory Services.

The funds involved in the emission will be used for granting credits.

Additional information:

Eero Varkki
Chief Financial Officer
Phone 737 7599