TALLINN STOCK EXCHANGE

ANNOUNCEMENT

13.12.99

 

CHANGES IN SUBSTANTIAL SHAREHOLDINGS

 

As of 13.12.99, 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                              Previously    Per cent of  

                            disclosed per cent    shares as of     

   Shareholder                       of shares    13.12.99 

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

REVAL HOTELLIGRUPP (4,814,272 shares)

 

Merita Bank Ltd Clients Account          17.98     below 5 

Trigon Securities AS                   below 5        5.05  			

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

VIISNURK (4,499,061 shares)

 

Merita Bank Ltd Clients Account        below 5        5.07

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TSE