TALLINN STOCK EXCHANGE

ANNOUNCEMENT

24.11.98

 

CHANGES IN SUBSTANTIAL SHAREHOLDINGS

 

As of 23.11.98, 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% ja 66% are considered 

to be significant.

 

Issuer	     		            Previously 	  Per cent of  

			    disclosed per cent    shares      

   Shareholder		      	     of shares	  23.11.98 

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

ESS (1,176,000 shares)

 

Eesti Ühispank AS                      11.17       21.69

   Eesti Ühispank AS Repurchase Account               4.20

   Eesti Ühispank AS Repurchase 	             17.43

   Eesti Ühispank AS (trading)                        0.05                 

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

Hansapank ( 58,835,560 shares and 14,708,890 subscription notes)

 

Swedbank                               30.10*      44.07

* at the time of previous disclosure were only shares

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

Estiko (3,985,280 shares)

 

Merita Bank Ltd Clients Account        below 5       5.45  

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

KALEV ( 7,877,500 shares)

 

Hansapank                              below 5      23.63

Talinvest                               32.76     below 5 

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

Tallinna Farmaatsiatehas ( 3,770,034 shares)

 

Floridian Trading International Ltd    below 5       5.33

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

Pennu ( 1,600,000 shares)

 

Joss AK                                 19.52      38.27

Alo Koop                                18.75     below 5                          

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

 

 

TSE