Tallinna Börs                 NEWS RELEASE                      04/14/2003



CHANGES IN SUBSTANTIAL SHAREHOLDINGS



As of 14.04.2003 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    14.04.2003 

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Tallinna Farmaatsiatehas (1 250 000 shares)



   Banque Carnegie Luxembourg SA Clients

                                       14.78        below 5



   Hansabanka Clients                below 5          17.42



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