TALLINN STOCK EXCHANGE

ANNOUNCEMENT

04.01.99

 

CHANGES IN SUBSTANTIAL SHAREHOLDINGS

 

As of 04.01.99, 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    04.01.99 

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

ASA KINDLUSTUS (3'533'950 shares)

 

AB Kindlustuse Grupp AS               below 5      59.69

Wellfix Investments Ltd                 64.52    below 5

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

ESTIKO (3'985'280 shares)

 

Greel Investments                       10.38    below 5

Falken Limited S.A                    below 5       5.99

Fondiinvesteeringu Fondihaldurite AS  below 5       5.85

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

KALEV (7'877'500 shares)

 

Eesti Ühispank AS                       11.33       7.53

   Eesti Ühispank AS Treasury                       7.49

   Eesti Ühispank AS (Trading)                      0.039

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

 

 

TSE