TALLINN STOCK EXCHANGE

ANNOUNCEMENT

 

CHANGES IN SUBSTANTIAL SHAREHOLDINGS

 

As of 24.07.2000 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    24.07.2000

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

Optiva Pank (41 255 870 aktsiat)

   Eesti Pank                           57.88        alla 5

   Eesti Ühispank                       18.81        alla 5

   Sampo Finance Ltd	               alla 5         81.15

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TSE