Tallinn Stock Exchange               NEWS RELEASE               12.12.2005



CHANGES IN SUBSTANTIAL SHAREHOLDINGS



As of 12.12.2005 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      12.12.2005

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Baltika (5 822 950 shares)



   AS LHV Arbitrage             below 5            5.77



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Klementi (1 946 875 shares)



   Hansa Balti Kasvufond          10.05            9.95



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Tallink Grupp 

(110,000,000 shares and 26,500,000 additional shares)



   Citigroup Global Markets Ltd.   6.62         below 5



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