Tallinna Börs                 NEWS RELEASE                      04/29/2004



ERROR IN CALCULATION OF TALSE INDEX



The pecularities in the technical solution of the TALSE index calculation 

have caused an error to the calculation of the TALSE index today starting at 

10:19 a.m. The error occurred due to the incorrect reflection of the effect 

of corporate actions on Hansapank share. The error accounts for about 4% of 

the index value. Due to that, today's TALSE index value in the trading 

system, homepage of TSE as well as in other channels is incorrect.



The accurate TALSE index closing value will be announced immediately after it 

is available after the end of trading day. The index values will be accurate 

in all TSE information systems as of tomorrow.



TSE apologies for any inconvenience caused.





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