Estonian,  Latvian  and  Lithuanian stock exchanges approved changes to

the  Baltic  List.  Lietuvos Telekomas, admitted to the list on 12 June

after  being  listed  on  the  National  Stock  Exchange  of Lithuania,

replaced Optiva Pank in the list of Baltic blue-chip securities.

Changes to the list will become effective on July 1.

As of June 15, 2000, the total market capitalisation of the Baltic List

stood at EUR 3 billion (EUR 2.9 billion as of March 15, 2000)

Baltic List

Company  Home Exchange   Market Cap.    Profile

(EUR mln, 15.06.2000)

1 Balta         Riga      25.8   non-life insurance

2 Eesti Telekom   Tallinn    941.7   telecommunications

3 Eesti Ühispank   Tallinn    122.5   banking

4 Hansapank     Tallinn    628.0   banking

5 Kalnapilis     Vilnius   23.8   brewery

6 Latvijas Gaze       Riga      155.6   energy

7 Latvijas Unibanka   Riga      99.8   banking

8 Lietuvos Telekomas  Vilnius    604.9   telecommunications

9 Norma         Tallinn   31.0   vehicle components

10 Pro Kapital       Tallinn  57.2   real estate development

11 Rokiskio Suris    Vilnius   24.7   dairy products

12 Tallinna Kaubamaja  Tallinn   17.8   retail sales

13 Utenos Trikotazas  Vilnius   20.2   knitwear

14  Ventspils  Nafta     Riga       146.3   handling and storage of oil

products

15 Vilniaus Bankas     Vilnius   122.1   banking

Additional  information about the Baltic List is available on the joint

Internet homepage of the three Baltic bourses

(http://www.baltic-exchanges.com )



Additional information:

Eva Palu

Head of Investor Relations Dept.

Tallinn Stock Exchange

Tel: +372 64 08 840

e-mail: e.palu@tse.ee

Ilze Nagla

Director of Public Relations Dept.

Riga Stock Exchange

Tel: +371 72 12 431

Diana Sokolova

Public Relations Manager

National Stock Exchange of Lithuania

Tel: +370 27 23 871