CHANGES IN SUBSTANTIAL SHAREHOLDINGS


Tallinn Stock Exchange               NEWS RELEASE               29.01.2007

CHANGES IN SUBSTANTIAL SHAREHOLDINGS

As of 29.01.2007 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     29.01.2007
--------------------------------------------------------------
EESTI EHITUS (15,378,364 shares)
 
   NORDEA BANK FINLAND PLC/ NON-RESIDENT LEGAL ENTITIES
	
                                below 5        5.38
			    
--------------------------------------------------------------
Starman (13,053,570 shares)

 NORDEA BANK FINLAND PLC/ NON-RESIDENT LEGAL ENTITIES

                               below 5         5.17
			   
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Tallinna Vesi (20,000,000 shares)
 
 CITIGROUP GLOBAL MARKETS LTD.

                                  5          below 5
			   
--------------------------------------------------------------
PTA Grupp (37,947,198 shares)

  SIA ALTA CAPITAL PARTNERS
                                73.79          63.97
                              (11/2006)
--------------------------------------------------------------
TALLINK GRUPP (168,454,260 shares)
 
    NORDEA BANK FINLAND PLC/ NON-RESIDENT LEGAL ENTITIES

                                below 5          6.4
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