CHANGES IN SUBSTANTIAL SHAREHOLDINGS


As of 19.05.2008 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%, 15%, 20%, 25%, 33%, 50% and 66% are considered to be 
significant.

 
Issuer                          Previously       Per cent of 
                        disclosed per cent      shares as of
   Shareholder                   of shares        19.05.2008
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Arco Vara (95 284 150 shares)

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION ON BEHALF OF UK RESIDENTS
          
                                    10.12              9.68

Baltika (18 644 850 shares)

BMIG OÜ                             24.57              25.11  
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