TALLINN STOCK EXCHANGE

ANNOUNCEMENT

18.10.99

 

 

CHANGES IN SUBSTANTIAL SHAREHOLDINGS

 

As of 18.10.99, 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    18.10.99 

--------------------------------------------------------------

ESTIKO E ( 5,978,146 shares)

 

Estiko AS                                 8.51    below 5

Marketron Konsultatsioonid OÜ             7.76      16.27

------------------------------------------------------------- 

PENNU (1,600,000 shares)

 

Skandinaviska Enskilda Banken Clients  below 5       9.48

Matteus Fondkommissio AB                  5.59    below 5   

--------------------------------------------------------------

KALEV ( 7,877,500 shares)

 

Skandinaviska Ensklida Banken Clients  below 5       6.11

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TSE