Tallinna Börs                 NEWS RELEASE                      05/06/2002



CHANGES IN SUBSTANTIAL SHAREHOLDINGS



As of 06.05.2002 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    06.05.2002

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

Harju Elekter (5400000 shares)



   Nordea Bank Finland Plc 

   Clients Account Trading           below 5          11.16

   Hansapank                           13.65        below 5

   Danske Capital Finland Oy 

   Clients Account                   below 5           5.14

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

Merko Ehitus (8850000 shares)



   Nordea Bank Finland Plc 

   Clients Account Trading           below 5          10.42

   Hansapank                            8.18        below 5

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





Tallinn Stock Exchange

Market Services

+372 6408 800