TALLINN STOCK EXCHANGE

ANNOUNCEMENT

 

CHANGES IN SUBSTANTIAL SHAREHOLDINGS

 

As of 24.01.2000, 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    24.01.2000 

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

REVAL (4 814 272 shares)

 

Hansapank                            below 5          8.04

Inn Grupp AS                           16.07       below 5

 

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

XXL.EE (2 000 000 shares)*

 

Vävars OÜ                               5.21       below 5

 

* 1,600,000 shares at the time of last disclosure

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

 

 

TSE