TALLINN STOCK EXCHANGE

ANNOUNCEMENT

 

CHANGES IN SUBSTANTIAL SHAREHOLDINGS

 

As of 15.05.2000 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    Per cent of  

                            disclosed per cent   shares as of

   Shareholder                       of shares     15.05.2000

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Tallinna Kaubamaja (6 788 200 shares)

 

   Hansapank                           below 5          10.90

   E-Investeerimisgrupi AS               52.43          46.03

 

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Optiva Pank (41 255 870 shares) 

 

   Hansapank                           below 5           5.71

 

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TSE