TALLINN STOCK EXCHANGE

ANNOUNCEMENT

27.12.99

 

CHANGES IN SUBSTANTIAL SHAREHOLDINGS

 

As of 27.12.99, the following significant changes have taken place 

in the ownership structure of 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    27.12.99 

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

LEKS (3,973,362 shares)

 

Balti Kindlustuse AS                   below 5      68.71

Eesti Ühispank AS                        33.51    below 5

Slinkerit OÜ                             16.63    below 5

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

HARJU ELEKTER ( 1,800,000 shares)

 

Skandinaviska Enskilda  Banken Clients    5.19    below 5

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

KALEV ( 7,877,500 shares) 

 

Epeks AS                                 24.65     below 5

Hode Investeeringud Oü                 below 5       30.46   

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

VIISNURK ( 4,499,061 shares)

 

Merita Bank Ltd Clients account           5.07     below 5

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

            

 

TSE