TALLINN STOCK EXCHANGE

ANNOUNCEMENT

26.07.99

 

CHANGES IN SUBSTANTIAL SHAREHOLDINGS

 

As of 26.07.99, 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% and 66% are considered to be 

significant.

 

 

Issuer                              Previously    Per cent of  

                            disclosed per cent    shares as of     

   Shareholder                       of shares    26.07.99 

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MERKO EHITUS ( 8,850,000 shares)

Merita Bank Ltd Clients Account           6.6      10.23

 

   Merita Bank Ltd Clients Account Trading            9.54

   Merita Bank/clients Account/ non-Treaty            0.69

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TSE