TALLINN STOCK EXCHANGE

ANNOUNCEMENT

 

CHANGES IN SUBSTANTIAL SHAREHOLDINGS

 

As of 10.01.2000, 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 disclosed   Per cent of shares 

Shareholder            per cent of shares     as of 10.01.2000

 

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EMV (4,740,000 shares)

 

Merita Bank Ltd Clients Account          10.39       36.74

   Merita Bank Ltd 

   Clients Account Trading                           36.72

   Merita Bank/

   Clients Account/Nontreaty                          0.02 

 

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HARJU ELEKTER (1,800,000 shares)

 

Skandinaviska Enskilda Banken         below 5         5.11 

 

Pankkikliirike Bbl Finland Oy 

Clients Account Nominee               below 5         5.05

 

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VIISNURK (4,499,061 shares)

 

Merita Bank Ltd Clients Account       below 5         5.31

   Merita Bank Ltd 

   Clients Account Trading                            0.78

   Merita Bank/

   Clients Account/Nontreaty                          4.53

 

BRF Eesti Holding OÜ                  below 5        59.47

 

Customers of the Bank of Bermuda

(Guernsey) Ltd                          62.56      below 5 

 

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REVAL (4,814,272 shares)

 

OÜ Prudenor                           below 5        5.27

 

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TSE