Tallinna Börs                 TRADING                           12/17/2003



TRADING ON DECEMBER 24 AND 31, 2003



Tallinn Stock Exchange (TSE) will operate as regular on December 24 and

31, 2003. Trading at TSE will take place at its regular working hours

of 10.00 to 14.30. Estonian CSD (ECSD) is open between 8.45 and 15.00.



TSE and ECSD are closed on national holidays (December 25 and 26,

January 1).





Tallinn Stock Exchange

Market Services

+372 6408 800