TALLINN STOCK EXCHANGE

ANNOUNCEMENT

03.05.99

 

CHANGES IN SUBSTANTIAL SHAREHOLDINGS

 

As of 03.05.99, 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      

   Shareholder                       of shares    03.05.99 

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

TALLINNA FARMAATSIATEHAS (3,770,034 shares)

 

Marcel Vichmann                        below 5     15.80

Floridian Trading International Ltd      10.86   below 5    

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

HARJU ELEKTER ( 1,800,000 shares)

 

Endel Palla                            below 5      5.41

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

TALLINNA KÜLMHOONE ( 3,387,000 shares)

 

Hüvitusfond                               6.42    below 5 

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

NORMA ( 13,200,000 shares)

 

Hüvitusfond                               5.39    below 5

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

PRO KAPITAL ( 13,500,000 shares)

 

Baltic Investments Ltd.                below 5       5.22

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

 

           

TSE