TALLINN STOCK EXCHANGE

ANNOUNCEMENT

 

CHANGES IN SUBSTANTIAL SHAREHOLDINGS

 

As of 12.06.2000 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     12.06.2000

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Kalev (7 877 500 shares)

 

   Eesti Ühispank                        31.12        7.53

      Eesti Ühispank AS Corp.Fin.                        7.49

      Eesti Ühispank AS Kauplemine                       0.04

   Ristmark AS                         below 5       23.60  

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