TALLINN STOCK EXCHANGE

ANNOUNCEMENT

05.04.99

 

CHANGES IN SUBSTANTIAL SHAREHOLDINGS

 

As of 05.04.99, the following significant changes have taken place 

in the companies listed on the Tallinn Stock Exchange, compared with the 

standings disclosed earlier.

 

The levels of 5%, 10%, 20%, 33%, 50% and 66% are considered to be significant.

 

 

Issuer                              Previously    Per cent of  

                            disclosed per cent    shares      

   Shareholder                       of shares    05.04.99 

--------------------------------------------------------------

EMV ( 4,470,000 shares)

 

Skandinaviska Enskilda Banken Clients below 5       6.59

--------------------------------------------------------------  

EESTI ÜHISPANK ( 66,151,004 shares)

 

   Merita Bank Ltd Clients                 20.59      19.00

   Merita Bank Ltd Clients Trading Account            13.24

   Merita Bank Ltd Clients Trading Account 2           5.76

-------------------------------------------------------------- 

FAKTO ( 1,650,063 shares)

 

AS Foreksi Arendus                       6.37    below 5

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TSE