TALLINN STOCK EXCHANGE

ANNOUNCEMENT

 

CHANGES IN SUBSTANTIAL SHAREHOLDINGS

 

As of 03.04.2000 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     03.04.2000

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Baltika (4 800 000 shares)

 

   Customers of The Bank of Bermuda      22.26          34.18

 

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Estiko (5 978 146 shares)

 

   Skandinaviska Enskilda

   Banken Ab Clients                     10.28           9.86

 

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TSE