TALLINN STOCK EXCHANGE

ANNOUNCEMENT

17.01.2000

 

CHANGES IN SUBSTANTIAL SHAREHOLDINGS

 

As of 17.01.2000, 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    17.01.2000 

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EMV (4 740 000 shares)

 

Merita Bank Ltd Clients Account         36.74        85.03 

 

Skandinaviska Enskilda Banken Clients    6.59      below 5

 

Customers of The Bank of Bermuda

(Guernsey) Ltd.                         36.45      below 5

 

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HANSAPANK (78 764 434 shares)

 

Merita Bank Ltd 

Clients Account Trading                 12.66         8.63

                           

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

KALEV (7 877 500 shares)

 

Skandinaviska Enskilda Banken 

Clients                              below 5         5.27

 

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

VIISNURK (4 499 061 shares)

 

Optiva Pank                              5.02      below 5

                           

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TSE