unaudited
In thousands of kroons                              1st Q 2001   1st Q 2000

Distributable profits at beginning of period         84 137       53 829

Transferred to mandatory capital reserve          (1 665)      (1 320)

Net profit for the period                                  8 567         5 942

Distributable profits at end of period                91 039       58 451



Andrus Aljas
CFO
+372 44 78355