Tallinn Stock Exchange          NEWS RELEASE                    25.04.2005



CHANGES IN SUBSTANTIAL SHAREHOLDINGS



As of 25.04.2005 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      25.04.2005 

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Kalev (23 632 500 shares)



   Skandinaviska Enskilda Banken Finnish Clients

                                   6.98         below 5



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