CHANGES IN SUBSTANTIAL SHAREHOLDINGS


As of 04.08.2008 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        04.08.2008
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Silvano Fashion Group (40 000 000 shares)

SEB PANK AS KAUPLEMINE             below 5            5.5
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