TALLINN STOCK EXCHANGE

ANNOUNCEMENT

 

CHANGES IN SUBSTANTIAL SHAREHOLDINGS

 

As of 06.03.2000 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    06.03.2000

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

EMV (4 740 000 shares)

 

Merita Bank Ltd Clients Account       below 5         99.44

Skanska OY                              98.50       below 5

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

Fakto (1 650 063 shares)

 

OÜ Fine Holding                         37.23       below 5

Optiva Pank                           below 5         46.30

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

Tallinna Farmaatsiatehas (1 250 000 shares)

 

Inex Infotrade Inc                       5.15       below 5

Optiva Pank                           below 5          9.18

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TSE