TALLINN STOCK EXCHANGE

ANNOUNCEMENT

08.11.99

 

CHANGES IN SUBSTANTIAL SHAREHOLDINGS

 

As of 08.11.99, the following significant changes have taken place 

in the ownership structure of 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 as of     

   Shareholder                       of shares    08.11.99 

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TALLINNA KÜLMHOONE (3,387,000 shares)

 

Estonian Engineering AS                  13.42     below 5

Hons Capital Inc                       below 5        5.34

Daymark Holdings Ltd                   below 5       11.71

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TSE