TALLINN STOCK EXCHANGE

ANNOUNCEMENT

10.02.1999

 

 

 

According to the calculation principles of TALSE index, AS Eesti 

Telekom shares will be calculated into the TALSE index at the 

closing price of the first day of trading. The price fluctuations 

of AS Eesti Telekom share will be reflected in the respective 

index starting from the second day of trading.

 

TALSE index reflects the changes in the prices of all shares 

listed on the TSE main and secondary lists, based on their market 

capitalization. TSE is aware that the index calculated according 

to such principles reflects mainly the price fluctuations of the 

shares of the companies with larger market capitalization, thus 

is also theoretically more volatile.

 

TSE is considering the option to modify the TALSE index 

calculation principles, or to take into use an index (indices), 

which would reflect the market more consistently. In case the 

modifications prove to be necessary, TSE will inform the public 

timely.

 

 

TSE