Eesti Telekom                 NEWS RELEASE                      10/07/2004



Change in the Supervisory Boards of Elion and EMT



On  October  6  2004,  the Extraordinary General  Meetings  of   the  shareholders

of Elion Enterprises AS and  AS  EMT  (both  companies  100%  owned  by  AS  Eesti

Telekom) called back Krister  Björkqvist   from   the  Supervisory  Boards of  the

abovementioned companies.  Hille  Võrk  was  elected  as  a  new  member   of  the

Supervisory Boards.



Mr.  Björkqvist who is a Finnish citizen,  will  after  5 years   as   CFO  of  AS

Eesti Telekom return to  Finland  to take up a position in the TeliaSonera Group.



The AS Eesti Telekom Council appointed Ms. Hille Võrk  as new   CFO   and   member

of the Management  Board  as  of  9 October  2004.





Hille Võrk

Financial Manager

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