TALLINN STOCK EXCHANGE

ANNOUNCEMENT

16.11.98

 

CHANGES IN SIGNIFICANT SHAREHOLDINGS

 

As of 16.11.1998, 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    16.11.98 

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EESTI FOREKSPANK (17,618,174 shares)

 

Eesti Pank (Bank of Estonia)          below 5*      68.11

Ueberseebank AG Zürich .Clients.        50.24*      15.52 

 

*at the time of previous disclosure had 5,368,174 shares               

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LEKS ( 4,199,200 shares and 3,412,480 subscription notes)

 

Slinkerit OÜ                            below 5      16.63

ERAA                                      5.35*     below 5 

 

*at the time of previous disclosure had 4,119,200 shares        

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TSE