TALLINN STOCK EXCHANGE

ANNOUNCEMENT

22.02.99

 

CHANGES IN SUBSTANTIAL SHAREHOLDINGS

 

As of 22.02.99, 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    22.02.99 

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

TALLINNA KAUBAMAJA (6,787,890 shares)

Hansapank                                 5.01    below 5

 

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TALLINNA FARMAATSIATEHAS (3,770,034 shares)

Florian Trding International Ltd          5.33      10.86

 

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REVAL (4,088,442 shares)

Hansa Investments Fund                 below 5       5.11

 

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TSE