Tallinn Stock Exchange          NEWS RELEASE                    09.12.2005



CHANGES IN SUBSTANTIAL SHAREHOLDINGS



As of 09.12.2005 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                                   Per cent of 

                                        shares as of

   Shareholder                            09.12.2005 

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Tallink Grupp (110 000 000 shares and 26 500 000 additional shares)



   Infortar AS                                42,55%

   ING Luxembourg S.A.                         8,17%

   Skandinaviska Enskilda Banken AB Clients    6,90%

   Citigroup Global Markets Ltd.               6,62%

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