CHANGES IN SUBSTANTIAL SHAREHOLDINGS


As of 02.06.2008 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        02.06.2008
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Saku Õlletehas (8 000 000 shares)

CARLSBERG ESTONIA HOLDING OÜ        -               75.01

BALTIC BEVERAGES HOLDING AB        75.01             -


Tallinna Kaubamaja (40 729 200 shares)

SEB PANK AS CLIENTS                8.06             below 5

ING LUXEMBOURG S.A.                 -               6.65


Tallinna Vesi (20 000 000 shares)

AS HANSAPANK                       below 5           11.19

NORDEA BANK FINLAND PLC/ NON-RESIDENT LEGAL ENTITIES

                                   8.78             below 5
 
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