Tallinna Börs                 NEWS RELEASE                      02/25/2004



CARNEGIE STARTS TRADING ON TSE



The Management Board of TSE approved the memberhip application 

of Carnegie Investment Bank AB, Finland Branch on 23.02.2004.



Carnegie is an independent Nordic investment bank operating 

in Securities, Investment Banking and Asset Management & Private Banking.

Carnegie provides a wide array of financial products and services to Nordic

and international clients from offices in seven countries: Sweden, Denmark,

Norway, Finland, Luxembourg, the UK and the US. Carnegie Investment Bank AB,

Finland Branch will trade from Helsinki.



The start of trading day of Carnegie will be announced separately.



The number of TSE member firms is now 13, four of them are trading 

from abroad.





Eva Palu

Communications Manager

+372  640 8862