Tallinn Stock Exchange               NEWS RELEASE                   20.06.2005



SHARE QUANTITIES IN BALTIX FOR Q3 2005



According to BALTIX index calculation methodology the indexed share quantities 

are determined on a quarterly basis on March 15, June 15, September 15, and 

December 15 and applied respectively on April 1, July 1, October 1, and 

January 1 each year. 



Share quantities used for calculation of BALTIX in Q3 2005 are as follows:



Issuer              Exchange       Actual     Actual  Quantity in  Weight in

                              quantity on  weight on   BALTIX for BALTIX for

                               15.06.2005 15.06.2005      Q3 2005    Q3 2005



Eesti Telekom       Tallinn   137 954 528    27.83%    32 820 982    10.00%

Lietuvos Telekomas  Vilnius   814 912 760    13.96%   386 451 479    10.00%

Latvijas Gaze       Riga       39 900 000    10.76%    24 560 246    10.00%

Ventspils nafta     Riga      104 479 519     7.30%    94 829 837    10.00%

Merko Ehitus        Tallinn    17 700 000     7.05%    16 635 292    10.00%

Tallinna Vesi       Tallinn    20 000 000     6.00%    20 000 000     9.06%

Latvijas kugnieciba Riga      200 000 000     5.74%   200 000 000     8.67%

Rokiskio Suris      Vilnius     4 746 270     2.98%     4 746 270     4.50%

Snaige              Vilnius    23 070 405     2.94%    23 070 405     4.44%

Norma               Tallinn    13 200 000     2.61%    13 200 000     3.95%

Tallinna Kaubamaja  Tallinn     6 788 200     2.43%     6 788 200     3.68%

Pieno zvaigzdes     Vilnius    54 205 031     2.25%    54 205 031     3.39%

Harju Elekter       Tallinn    16 800 000     1.66%    16 800 000     2.50%

Ekranas             Vilnius    61 779 278     1.56%    61 779 278     2.36%

SAF Tehnika         Riga        2 970 180     1.45%     2 970 180     2.19%

Utenos Trikotazas   Vilnius    19 834 442     1.33%    19 834 442     2.01%

Vilniaus Baldai     Vilnius     3 886 267     1.21%     3 886 267     1.83%

Baltika             Tallinn     5 822 950     0.59%     5 822 950     0.89%

Vilniaus Vingis     Vilnius     9 123 105     0.35%     9 123 105     0.53%





The next review of the indexed share quantities will take place on 

September 15, 2005.





The BALTIX index is a capitalization-weighted chain-linked total return index 

that was launched on September 27, 2004. The index is calculated daily 

using the most recent official closing prices of all shares listed on the 

Main Lists of the Riga, Tallinn and Vilnius stock exchanges. The index 

constituents are subject to quarterly weight limits of 10% of the compound 

market capitalization and the weight-limits are applied during quarterly 

rebalancings by reducing the indexed share quantities. 





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