TALLINN STOCK EXCHANGE

ANNOUNCEMENT

 

APPROVAL OF TAKE-OVER BID TO REVAL HOTELLIGRUPI AS SHAREHOLDERS

 

On 20.09.2000 Tallinn Stock Exchange Take-over Committee reviewed

the results of the take-over bid to Reval Hotelligrupi AS shareholders

made by Linstow International AS (represented by AS Trigon Capital).

Tallinn Stock Exchange Take-over Committee received the results 

of the take-over bid on 19.09.2000.

 

Tallinn Stock Exchange Take-over Committee decided to approve Linstow 

International AS mandatory take-over bid to Reval Hotelligrupi AS 

shareholders.

 

The Take-over Committee's approval of the take-over bid does not 

represent any evaluation on the part of the Take-over Committee 

in respect to the actions taken by the offeror or by the person 

acting in concert of the offeror in the course of the Take-over bid.

 

TSE