TALLINN STOCK EXCHANGE

ANNOUNCEMENT

14.12.98

 

CHANGES IN SUBSTANTIAL SHAREHOLDINGS

 

As of 14.12.98, 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% ja 66% are considered to be significant.

 

 

Issuer                              Previously    Per cent of  

                            disclosed per cent    shares      

   Shareholder                       of shares    14.12.98 

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EESTI ÜHISPANK ( 66,151,004 shares)*

 

Skandinaviska Enskilda Banken            13.95      9.07

Skandinaviska Enskilda Banken

Clients                                below 5     24.94

 

Merita Bank Ltd Clients Account          20.88     19.05

   Merita Bank Ltd Clients Account Trading             0.05

   Merita Bank Ltd Clients Trading Account            15.11

   Merita Bank Ltd Clients Trading Account 2           3.89

 

Swedfund Financial Markets AB             7.76   below 5  

    

* at the time of previous disclosure owned 51,151,004 shares                                  

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TSE