CHANGES IN SUBSTANTIAL SHAREHOLDINGS


Tallinn Stock Exchange               NEWS RELEASE               22.01.2007

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
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HARJU ELEKTER (16,800,000 shares)

   ING LUXEMBOURG S.A.          10.02          9.82  
                              (06/2006)
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EESTI EHITUS (15,378,364 shares)
 
   NORDEA BANK FINLAND PLC CLIENTS ACCOUNT TRADING
	
                                5.94          below 5    
--------------------------------------------------------------
TALLINK GRUPP (168,454,260 shares)
 
    CITIGROUP VENTURE CAPITAL INTERNATIONAL JERSEY LIMITED

                                alla 5          7.31
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