Change in substantial shareholding


Pursuant to § 185 and § 187 of the Securities Market Act, ENA City AB notified  
AS Baltika that the aggregate holding of the company has exceeded the 5%        
threshold of the voting stock in AS Baltika.                                    

According to the notice, as of 5 November 2007, the number of shares held by ENA
City AB amounts to 960,000 which represents 5.15% of the total voting shares of 
AS Baltika.                                                                     


Triin Palge                                                                     
Head of investor relations                                                      
+372 630 2886