CHANGES IN SUBSTANTIAL SHAREHOLDINGS


As of 10.12.2007 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        10.12.2007
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Kalev (23 632 500 shares)

   RUBLA AS                       56,76             73.14 

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