TALLINN STOCK EXCHANGE

ANNOUNCEMENT

09.08.99

 

CHANGES IN SUBSTANTIAL SHAREHOLDINGS

 

As of 09.08.99, the following significant changes have taken place 

in 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    09.08.99 

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EESTI TELEKOM (137 383 178 shares)

   Ministry of Transport and 

   Communications                        27.29     below 5

   Ministry of Finance/

   State Treasury                      below 5       27.29

 

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TSE