Tallinna Börs                 NEWS RELEASE                      04/22/2002



CHANGES IN SUBSTANTIAL SHAREHOLDINGS



As of 22.04.2002 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    22.04.2002

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

Tallinna Kaubamaja (6788200 shares)



   Hansapank                         below 5          9.26

   Nordea Bank Finland Plc 

   Clients Account Trading              6.68       below 5

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

Saku Õlletehas (8000000 shares)



   Nordea Bank Finland Plc 

   Clients Account Trading           below 5          6.37

   AS Hansapank                         5.43       below 5

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

Estiko (5978146 shares)



   Rondam AS                           26.6          49.79

   OÜ Verboven                         21.32       below 5

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

Hansapank (78857109 shares)

   

   Nordea Bank Finland Plc 

   Clients Account Trading           below 5          5.34

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