TALLINN STOCK EXCHANGE

ANNOUNCEMENT

28.12.98

 

CHANGES IN SUBSTANTIAL SHAREHOLDINGS

 

As of 28.12.98, 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    28.12.98 

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

HANSAPANK ( 58,835,560 shares and 14,708,890 subscription notes)

 

Handlowy Investments                  below 5        5.44                                    

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

Optiva Pank (41,255,870 shares)*

 

Eesti Pank                              68.11       57.88

OÜ Immerman                           below 5        7.78

Ueberseebank AG Zürich "clients"        15.52        6.60 

Eesti Ühispank                        below 5        5.76

Merko Grupp                           below 5        5.67    

  

* at the time of previous disclosure had 17,618,174 Forekspank shares

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