Tallinn Stock Exchange         NEWS RELEASE                     25.10.2004



CARNEGIE STARTS TRADING ON TSE



Carnegie Investment Bank AB, Finland Branch (CAR) will start trading on 

Tallinn Stock Exchange on October 25, 2004.



Carnegie is a Nordic investment bank that was granted TSE membership 

status in February 2004. TSE has 13 member firms, five of them are trading 

from abroad.





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