CHANGES IN SUBSTANTIAL SHAREHOLDINGS


As of 04.06.2007 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     04.06.2007
--------------------------------------------------------------
Norma (13 200 000 shares)

AS HANSAPANK                   14.9             below 5

ING LUXEMBOURG S.A.             -               7.39


Tallinna Vesi (20 000 000 shares)

NORDEA BANK FINLAND PLC/ NON-RESIDENT LEGAL ENTITIES
                               
                               below 5            7.97

Eesti Ehitus (15 378 364 shares)

AS NORDECON                    66.15            61.15
--------------------------------------------------------------


Tallinn Stock Exchange
Market Services
+372 640 8800