TALLINN STOCK EXCHANGE

ANNOUNCEMENT

20.05.99

 

CHANGES IN SUBSTANTIAL SHAREHOLDINGS

 

As of 17.05.99, the following significant changes have taken place 

in 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      

   Shareholder                       of shares    17.05.99 

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

EMV (4,740,000 shares)

Hansa Investment Fund                     5.36    below 5

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

TALLINNA FARMAATSIATEHAS (1,248,446 shares)*

Marcel Vichman                             15.8    below 5

Florian Trading International Ltd      below 5      15.64  

* 3,770,034 shares at the time of previous disclosure

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

REVAL ( 4,088,442 shares)

Hansa Investment Fund                     5.11    below 5

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

 

           

TSE