CHANGES IN SUBSTANTIAL SHAREHOLDINGS


As of 12.11.2007 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     12.11.2007
--------------------------------------------------------------
Kalev (23 632 500 shares)
 
AS HANSAPANK                   below 5           10.17

ING LUXEMBOURG S.A.            7.19               -

--------------------------------------------------------------
Ekspress Grupp (18 971 081 shares)

HHL RÜHM OÜ                    9.93            10.03

--------------------------------------------------------------
Baltika (18 644 850 shares)

SVENSKA HANDELSBANKEN CLIENTS below 5           5.15
--------------------------------------------------------------


Tallinn Stock Exchange
Market Services
+372 640 8800