Tallinn Stock Exchange            NEWS RELEASE                      23.09.2005



SHARE QUANTITIES IN BALTIX FOR Q4 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 Q4 2005 are as follows:



Issuer              Exchange       Actual     Actual  Quantity in  Weight in

                              quantity on  weight on   BALTIX for BALTIX for

                               15.09.2005 15.09.2005      Q4 2005    Q4 2005



Eesti Telekom       Tallinn    137 954 528    24.63%    38 969 126    10.00%

Lietuvos telekomas  Vilnius    814 912 760    14.71%   385 404 531    10.00%

Latvijas Gaze       Riga        39 900 000    10.37%    26 771 797    10.00%

Ventspils nafta     Riga       104 479 519     7.90%    91 997 631    10.00%

Merko Ehitus        Tallinn     17 700 000     7.48%    16 456 105    10.00%

Latvijas kugnieciba Riga       200 000 000     7.08%   196 499 794    10.00%

Tallinna Vesi       Tallinn     20 000 000     6.16%    20 000 000     8.85%

Tallinna Kaubamaja  Tallinn      6 788 200     3.44%     6 788 200     4.95%

Snaige              Vilnius     23 070 405     2.80%    23 070 405     4.03%

Rokiskio suris      Vilnius      4 746 270     2.39%     4 746 270     3.44%

Norma               Tallinn     13 200 000     2.22%    13 200 000     3.19%

Pieno zvaigzdes     Vilnius     54 205 031     1.85%    54 205 031     2.67%

Harju Elekter       Tallinn     16 800 000     1.77%    16 800 000     2.54%

Utenos trikotazas   Vilnius     19 834 442     1.53%    19 834 442     2.19%

SAF Tehnika         Riga         2 970 180     1.33%     2 970 180     1.91%

Starman             Tallinn     13 053 570     1.24%    13 053 570     1.78%

Baltika             Tallinn      5 822 950     1.00%     5 822 950     1.44%

Vilniaus baldai     Vilnius      3 886 267     0.96%     3 886 267     1.38%

Ekranas             Vilnius     61 779 278     0.83%    61 779 278     1.19%

Vilniaus Vingis     Vilnius      9 123 105     0.32%     9 123 105     0.46%





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

December 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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