TALLINN STOCK EXCHANGE

ANNOUNCEMENT

 

CHANGES IN SUBSTANTIAL SHAREHOLDINGS

 

As of 28.02.00, 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    28.02.2000

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

EMV (4 740 000 shares)

 

Merita Bank Ltd Clients Account         85.03      below 5

Skanska OY                            below 5         98.5

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

Optiva Pank (41 255 870 shares)

 

Eesti Ühispank AS                       21.54        18.81

   Eesti Ühispank AS (Kauplemine)                        0.03

   Eesti Ühispank AS Corp. Fin.                         18.75

   Eesti Ühispank AS Optsioon                            0.03

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

 

 

TSE