TALLINN STOCK EXCHANGE

ANNOUNCEMENT

22.03.99

 

CHANGES IN SUBSTANTIAL SHAREHOLDINGS

 

As of 22.03.99, 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      

   Shareholder                       of shares    22.03.99 

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

MERKO(8,850,000 shares)

  

Merita Bank Ltd Clients                below 5     6.60

   Merita Bank Ltd Clients Account Trading             0.85

   Merita Bank/clients account/non-treaty              5.75

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BALTIKA (4,800,000 shares)

 

Hansa Investments Fund                 below 5      5.23

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TSE