TALLINN STOCK EXCHANGE

ANNOUNCEMENT

22.11.99

 

CHANGES IN SUBSTANTIAL SHAREHOLDINGS

 

As of 22.11.99, 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    22.11.99 

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ESTIKO ( 5,978,146 E-shares)

 

Rondam AS	                         6.60        10.48			

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TSE