CHANGES IN SUBSTANTIAL SHAREHOLDINGS


As of 19.11.2007 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%, 15%, 20%, 25%, 33%, 50% and 66% are considered to be 
significant.

 
Issuer                       Previously     Per cent of 
                     disclosed per cent    shares as of
   Shareholder                of shares     19.11.2007
--------------------------------------------------------------
Kalev (23 632 500 shares)
 
AS HANSAPANK                   10.17             26.24

SKANDINAVISKA ENSKILDA BANKEN AB CLIENTS                               
                               
                               16.19            below 5 
--------------------------------------------------------------
Arco Vara (95 284 150 shares)

CENTRAL SECURITIES DEPOSITORY OF LITHUANIA

                                6.73            below 5
--------------------------------------------------------------

Tallinn Stock Exchange
Market Services
+372 640 8800