Based on the clause 3.5 of the chapter Supervision of TSE Rules, TSE has right to add a watch notation to a share and to the trading information displayed on the Web site to draw the market participants' attention to significant circumstances related to a security or an issuer. According to the clause 3.5.4.6 of the chapter Supervision of TSE Rules, one of the grounds for adding the watch notation is making takeover offer to the shareholders of the issuer or announcing the intention of such an offer. Today, on September 24, 2007, AS Rubla announced through the TSE information system that in connection with acquiring dominant influence over AS Kalev, an obligation has arisen to launch a takeover bid with respect to all shares of AS Kalev not belonging to AS Rubla. Based on this information, the Management Board of TSE decided to add a watch notation to the shares of AS Kalev starting today, September 24, 2007, based on article 3.5.4.6 of the chapter Supervision of TSE Rules. Tallinn Stock Exchange Market Services +372 640 8800