Tallinn Stock Exchange NEWS RELEASE 22.01.2007 CORRECTED RELEASE CHANGES IN SUBSTANTIAL SHAREHOLDINGS IIn the previously published release about changes in the substantial shareholdings of AS Tallink Grupp, the size of holdings of Citigroup Venture Capital International Jersey Limited was incorrect Holdings of Citigroup Venture Capital International Jersey Limited have not crossed any thresholds. Corrected release follows. ----------------------------------------------------------------- CHANGES IN SUBSTANTIAL SHAREHOLDINGS As of 22.01.2007 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 22.01.2007 -------------------------------------------------------------- HARJU ELEKTER (16,800,000 shares) ING LUXEMBOURG S.A. 10.02 9.82 (06/2006) -------------------------------------------------------------- EESTI EHITUS (15,378,364 shares) NORDEA BANK FINLAND PLC CLIENTS ACCOUNT TRADING 5.94 below 5 -------------------------------------------------------------- Tallinn Stock Exchange Market Services +372 640 8800