Amendments in sections “Listing Rules” and “Requirements for Issuers” of the Tallinn Stock Exchange (TSE) Regulation are approved by Estonian FSA and will enter into force on May 21, 2007. Due to list rearrangement, clauses 1.1.3, 1.2.1, 1.2.2, 2.3.2 and 16 of “Listing Rules” (LR) were amended; clause 16.2.2.5 was added and clauses 4.3.3, 7.6 and 8 were abolished. Merging current Baltic I-List with Free List in Riga created a new list - Baltic Secondary List. Minimum market value requirement in Baltic I-List is EUR 1 million and there will be no free float requirements. As a result of those amendments, the structure of different market segments will become clearer for market participants. According to amendment of clause 2.5.1. of LR, additional listing decisions will be made by the Management Board of TSE instead of Listing and Surveillance Committee as convening the Committee is not proportionate nor well reasoned. Clause 7.5. of LR was abolished, setting requirements on composition of Supervisory Council for equity issuers, depending on structure of shareholders. Similar requirements are currently set in Corporate Governance Recommendations. Clause 9.4. of LR was amended, enabling listing of bonds denominated in other currencies than EEK and EUR, if there is a need. Few amendments concerning reporting were made in section “Requirements for Issuers” (RI). Clauses 5.1.6. and 5.3.1. of RI were amended in order to harmonize those with EU regulations. According to the amendments, issuers have to publish their annual reports during 4 months after the end of the accounting period, and in case an issuer compiles the reports on the parent company in addition to the consolidated financial reports, the issuer is obliged to make such reports public. Changes in the rules of Tallinn Stock Exchange are available at: http://www.omxgroup.ee/?id=2726 - current editions http://www.omxgroup.ee/?id=2727 - earlier editions Tallinn Stock Exchange Market services +372 640 8800