CHANGES IN SUBSTANTIAL SHAREHOLDINGS


As of 16.07.2007 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       16.07.2007
--------------------------------------------------------------

PTA Grupp (37 947 198 shares)
 
THE BANK OF NEW YORK/ ING BANK SLASKI                              
                                           -              5,43 
--------------------------------------------------------------
Arco Vara (95 284 150 shares)

MORGAN STANLEY + CO INCORPORATED 
EQUITY CLIENT ACCOUNT                    7,61          below 5
--------------------------------------------------------------


Previous significant changes in the ownership structure of Arco Vara AS
--------------------------------------------------------------
Arco Vara (67 784 150 shares)
                                                   Per cent of 
                                                  shares as of
Shareholder                                         25.06.2007

Skandinaviska Enskilda Banken Ab Clients	          7,29	

JPMORGAN CHASE BANK , NATIONAL ASSOCIATION 
ON BEHALF OF NON-TREATY CLIENTS	                          9,13	

TOLETUM OÜ                                               27,47	

HM INVESTEERINGUD OÜ                                     13,82	

SEB ENSKILDA EQUITIES                                    17,75	
--------------------------------------------------------------		
Arco Vara (67 784 150 shares)
                                   Previously      Per cent of 
                           disclosed per cent     shares as of
Shareholder                         of shares       02.07.2007

MORGAN STANLEY + CO INCORPORATED EQUITY 
CLIENT ACCOUNT                            -               7,61

Skandinaviska Enskilda Banken Ab 
Clients                                  7,29          below 5

DEUTSCHE BANK AG LONDON PRIME 
BROKERAGE/ CLIENTS FULL TAX ACCOUNT       -               9,59

JPMORGAN CHASE BANK, NATIONAL 
ASSOCIATION ON BEHALF OF UK RESIDENTS     -               6,08

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION 
ON BEHALF OF NON-TREATY CLIENTS          9,13          below 5

SEB ENSKILDA EQUITIES                   17,75          below 5
--------------------------------------------------------------		
Arco Vara (95 284 150 shares)
                                   Previously      Per cent of 
                           disclosed per cent     shares as of
Shareholder                         of shares       09.07.2007

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
ON BEHALF OF UK RESIDENTS                6,08          below 5

TOLETUM OÜ                              27,47            38,79
--------------------------------------------------------------	


Tallinn Stock Exchange
Market Services
+372 640 8800