Tallinna Börs                 NEWS RELEASE                      07/12/2004



CHANGES IN SUBSTANTIAL SHAREHOLDINGS



Compared to the previously published data, no substantial changes 

have taken place in the ownership structures of the companies 

listed on the Tallinn Stock Exchange as of 12.07.2004.

 

Such changes will be published in cases where following a disposal 

or acquisition of the issuer's shares, the proportion of voting 

rights of these shares reaches, exceeds or falls below any of the 

following levels: 5%, 10%, 20%, 33%, 50% or 66%.





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