Tallinna Börs                 NEWS RELEASE                      03/12/2003



TSE COMMITTEES CONSOLIDATED



Starting from March 10, 2003, the amendments to the Rules of Tallinn Stock 

Exchange (TSE) came into force, according to with a single Listing and 

Surveillance Committee was launched.



The single committee shall be responsible for listing and delisting of 

securities, and surveillance of listed companies and member firms, incl. 

imposing sanctions, pursuant to TSE Rules.



Consolidation of the committees allows organising their activities more 

efficiently. The move is also done in relation to much improved securities 

market regulation as well as foundation of the unified state Financial 

Supervision Authority.



New members of the Listing and Surveillance Committee are as follows:



Mart Habakuk - Estonian Business School, Supervisory Board chairman

Kristel Kivinurm - AS Trigon Markets, Management Board member, Director

Kalle Norberg - AS Suprema Securities, Management Board member, Director of 

Private Banking

Henn Oit - Bank of Estonia, Head of Financial Market Dpt

Sven Papp - Law firm Raidla & Partnerid, advocate

Erkki Raasuke - AS Hansapank, Management Board member, AS Hansabank Markets 

CEO

Indrek Rahumaa - OÜ Alta Holding, CEO, AS Klementi Supervisory Board chairman

Riho Rasmann - AS Tallinna Sadam (Port of Tallinn), CEO



Relevant changes in the TSE Rules are available on the HEX Tallinn Internet 

home-page on <a href='http://www.hex.ee' target='_blank'>http://www.hex.ee</a> under sub-section Rules.





Tallinn Stock Exchange

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