Tallinna Börs                 NEWS RELEASE                      05/12/2003



CHANGES IN SUBSTANTIAL SHAREHOLDINGS



As of 12.05.2003 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    12.05.2003 

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Kalev (7 877 500 shares)



   OÜ Nante Holding                     10.24       below 5

   Mailtec OÜ                         below 5         10.24

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